Ashley Wong

Registered with Property118.com
Friday 12th June 2015


Latest Comments

Total Number of Property118 Comments: 6

Ashley Wong

12:43 PM, 22nd February 2016, About 6 years ago

Legal system stuck in backwardness

Hi Norman

I am unsure why you had been told that in the UK the buyers' lawyers do not investigate title. The buyers' lawyers do investigate the title to ensure that the seller is able to transfer what he has contracted to sell and secondly to identify whether there are any defects in, or problems raised by the title which could adversely affect the interests of the buyer. Any matters which are unclear or unsatisfactory are raised as queries with the seller prior to exchange.

Similarly where the same solicitor is acting for both the buyer and his lender in a transaction, investigation is carried out only once but will be done on behalf of both the borrower and lender client, taking into account the particular interests of each. However if the lender is separately represented, the solicitor acting for the lender may undertake his own investigation of title.

With the possession date, it is something to be agreed between the buyer and seller and communicated to their respective lawyers. The lawyers then faciliate the clients' requests.

Conditions are negotiated between the buyer and seller and do get inserted into the contract to protect the clients' interest. This can be carried out either at the request of the client or the solicitor's initiative.

The Solicitor Regulation Authority Principles (SRA) apply to all those which the SRA regulates and to all aspects of practice. SRA Principle 4 requires the solicitors to act in the best interest of each client, Principle 5 provide a proper standard of service to your clients, Principle 6 behave in a way that maintained the trust the public places in you and in the provision of legal services.

Hope this clarifies.

Ashley... Read More

Ashley Wong

9:29 AM, 17th February 2016, About 6 years ago

Worth having survey done on leasehold flat?

Hi Brad

With the items which the surveyor had identified as requiring works, you can obtain a quote for the remediation work and re-negotiate with the vendor. Also reconsider given the costs and time to perform the remediation work whether the property is still a deal.

Ashley... Read More

Ashley Wong

9:16 AM, 17th February 2016, About 6 years ago

I can recoup capital cost in 3 years on 23 year lease purchase?

Hi Jim

You have not mentioned how you plan to fund the purchase. Given the length of the lease it might not be easy to get a mortgage. It will of course not be an issue if it is a cash purchase.

Ashley... Read More

Ashley Wong

21:47 PM, 26th January 2016, About 6 years ago

Turns out a property I bought over 2 years ago has a charge against it?

Reply to the comment left by "Rudolph Banton" at "26/01/2016 - 18:30":

I will initiate the legal firm's complaints procedures and request they make good all incurred losses + interests. At the same time I will also make a complaint to the Solicitors Regulation Authority. It sounds to me there had been a breach of the SRA principle 4 (act in the best interests of you the client) principle 5 (provide a proper standard of service to you) and principle 6 (behave in a way that maintains the trust the public places in them and in the provision of legal services).
http://www.sra.org.uk/consumers/problems/report-solicitor.page... Read More

Ashley Wong

21:27 PM, 26th January 2016, About 6 years ago

Turns out a property I bought over 2 years ago has a charge against it?

Reply to the comment left by "John Dailey" at "26/01/2016 - 19:41":

Your solicitor has a duty to explain and bring to your attention what it means for not carrying out the search of the local land charges register and enquiries of the local authority. If he / she had failed to do so, you should still initiate the firm's complaints procedures and complaint to the SRA. The seller i.e. the mortgage company from whom you made the purchase is under no obligation to disclose the outstanding debts to you. On the contrary your solicitor is.... Read More