I am obtaining a mortgage offer from Nat West. I hope to instruct a Licensed Conveyancer in Edgware. Does the Nat West Solicitor panel allow for Licensed Conveyancers?
The Nat West conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
I purchased a freehold premises in Edgware yet invoiced for rent, why is this and what is this?
It is rare for properties in Edgware and has limited impact for conveyancing in Edgware but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
About to purchase a new build apartment in Edgware. Conveyancing is necessary evil 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 are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Edgware
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a simple, chain free conveyancing. Edgware is where the house is located. Can you offer any assistance?
Flying freeholds in Edgware are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Edgware you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Edgware may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
We're new to the buying process - agreed a price, but the property agent advised that the seller will only proceed if we use the agent's recommended solicitors as they need a ‘quick sale’. We would rather use a family conveyancer who is familiar with conveyancing in Edgware
It is highly unlikely the vendors are behind this. If they want ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Contact the owners directly and explain that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you are chain free (d) you wish to move quickly (e)but you are going to appoint your own,trusted Edgware conveyancing firm - not the ones that will provide the estate agent a introducer fee or meet his conveyancing figures set by head office.
Why is it not possible to complete my conveyancing in Edgware on a public holiday?
This is due to the fact that on completion the funds will pass between the banks of the buyer and owner’s conveyancing practitioner and currently this can only take place on a business day. So you can't complete on a saturday or sunday either.