It has been 2 months following my purchase conveyancing in Dagenham took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. 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 asset 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 Dagenham differ for new build properties?

Most buyers of new build premises in Dagenham contact us having been asked by the seller to sign contracts and commit to the purchase even before the residence is built. This is because developers in Dagenham typically purchase the site, 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 property lawyers 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 Dagenham or who has acted in the same development.

I am looking for a ground for flat up to £245,000 and found one near me in Dagenham I like with open areas and station in the vicinity, however it only has 49 years on the lease. I can't really find anything else in Dagenham suitable, so just wondered if I would be making a mistake buying a lease with such few years left?

Should you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.

How does the Landlord & Tenant Act 1954 impact my business premises in Dagenham and how can you help?

The 1954 Act provides protection to business tenants, granting the a statutory right to make a request to court for a continuation of occupancy at the end of an expired lease. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Dagenham is one of our hundreds of locations in which our lawyers are based

Planning to sign contracts shortly on a leasehold property in Dagenham. Conveyancing solicitors assured me that they are sending me a report on Monday. What should I be looking out for?

Your report on title for your leasehold conveyancing in Dagenham should include some of the following:

Your conveyancers should enable you to have an understanding of the insurance obligations Specifying your rights in respect of the communal areas in the building.By way of example, does the lease contain a right of way over an accessway or hallways? The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Does the lease require carpeting throughout thus preventing wood flooring? Rent payments - what is payable and what the invoice dates are, and be on notice if this is subject to change

I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Dagenham conveyancing firm to assist?

in cases where there is a missing freeholder or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to arrive at the sum to be paid.

An example of a Lease Extension decision for a Dagenham flat is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case related to 1 flat. The unexpired residue of the current lease was 61.36 years.