I have given 2 months notice to my existing landlord and must be out of my let out property in Surbiton by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in a couple of weeks as don't want to have to move into temporary accommodation?
It is unwise to serve notice for your letting until exchange of contracts has taken place. If you have not previously done so, contact to your solicitor and urge them to they chase the sellers side, try to an acceptable time-line that all parties will aim towards
Should my solicitor be making enquiries concerning flooding as part of the conveyancing in Surbiton.
The risk of flooding is if increasing concern for solicitors dealing with homes in Surbiton. Plenty of people will purchase a house in Surbiton, completely aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a property is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken during the course of a house purchase to forewarn the buyer.
Conveyancers are not qualified to impart advice on flood risk, however there are a number of checks that may be undertaken by the purchaser or by their lawyers which can give them a better understanding of the risks in Surbiton. The conventional set of information given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard question of the owner to discover if the premises has ever been flooded. If the residence has been flooded in past which is not disclosed by the owner, then a buyer could commence a legal claim for losses as a result of such an inaccurate reply. The purchaser’s lawyers should also conduct an enviro report. This will higlight if there is any known flood risk. If so, further inquiries should be initiated.
three months have gone by since my purchase conveyancing in Surbiton completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Surbiton differ for newly converted properties?
Most buyers of new build property in Surbiton contact us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is completed. This is because new home sellers in Surbiton typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Surbiton or who has acted in the same development.
Back In 2003, I bought a leasehold flat in Surbiton. Conveyancing and Birmingham Midshires mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1995. The conveyancing solicitor in Surbiton who acted for me is not around. Any advice?
First make enquiries of HMLR to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. There is no need to instruct a Surbiton conveyancing practitioner to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Despite our best endeavours, we have been unsuccessful in trying to reach an agreement for a lease extension in Surbiton. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to make a decision on the price.
An example of a Lease Extension decision for a Surbiton flat is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.