Will our lawyer be asking questions about flooding during the conveyancing in Cambridge Heath.

Flooding is a growing risk for conveyancers dealing with homes in Cambridge Heath. There are those who buy a house in Cambridge Heath, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, satisfactory insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.

Lawyers are not qualified to offer advice on flood risk, but there are a numerous searches that may be carried out by the purchaser or on a buyer’s behalf which should figure out the risks in Cambridge Heath. The standard completed inquiry forms sent to a purchaser’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the seller to find out if the property has suffered from flooding. If the premises has been flooded in past and is not revealed by the owner, then a purchaser could commence a compensation claim resulting from an incorrect answer. The purchaser’s solicitors should also order an enviro report. This will reveal if there is a recorded flood risk. If so, additional investigations will need to be made.

Just had an offer accepted on a new build flat in Cambridge Heath. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.

Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Cambridge Heath

Please supply a car parking plan. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants.

Over the last few months I have been searching for a ground for flat up to £235,500 and identified one round the corner in Cambridge Heath I like with a park and railway links nearby, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in Cambridge Heath for this price, so just wondered if I would be making a mistake buying a lease with such few years left?

If you need a mortgage that many years will likely be problematic. Reduce the price by the expected lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.

What makes your site different to alternative web based conveyancing brokers when it comes to conveyancing in Cambridge Heath?

At this site secure a conveyancing quote from a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Cambridge Heath. As opposed to estate agents and brokerage sites we do not charge firms a fee if you instruct them for your home move in Cambridge Heath

Back In 2008, I bought a leasehold house in Cambridge Heath. Conveyancing and Bank of Ireland mortgage organised. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Cambridge Heath who acted for me is not around. Do I pay?

The first thing you should do is make enquiries of the Land Registry to make sure that this person is in fact the new freeholder. It is not necessary to instruct a Cambridge Heath conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I am the registered owner of a ground flat in Cambridge Heath. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?

Most certainly. We are happy to put you in touch with a Cambridge Heath conveyancing firm who can help.

An example of a Freehold Enfranchisement decision for a Cambridge Heath flat is 26 Rhondda Grove in June 2009. The net price payable by the leaseholders as determined by the Tribunal was £3,015.13. This comprised £11,300 premium for the reversion less £8,284.87 costs as ordered by the County Court.