We are buying a property and the conveyancer has referenced Chancel Repair to which the house could be liable given it’s proximity to the area of such a church. He has mentioned insurance. Is this really warranted for conveyancing in Aldermanbury
Unless a previous purchase of the house completed post 12 October 2013 you can expect lawyers carrying out conveyancing in Aldermanbury to remain recommending a chancel search and or chancel repair liability insurance.
It has been 4 months since my purchase conveyancing in Aldermanbury completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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 property 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.
I am purchasing my first flat in Aldermanbury benefiting from help to buy. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not disclose to my solicitor about this deal as it may affect my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one round the corner in Aldermanbury I like with amenity areas and station nearby, however it only has 52 years on the lease. There is not much else in Aldermanbury in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a home loan the remaining unexpired lease term will likely be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I own a leasehold flat in Aldermanbury. Conveyancing and HSBC Bank mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Aldermanbury who previously acted has long since retired. Do I pay?
First make enquiries of the Land Registry to be sure that this person is in fact the registered owner of the freehold reversion. There is no need to instruct a Aldermanbury conveyancing firm to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
My wife and I have hit a brick wall in negotiating a lease extension in Aldermanbury. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a Aldermanbury conveyancing firm who can help.
An example of a Lease Extension decision for a Aldermanbury flat is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The number of years remaining on the existing lease(s) was 72.39 years.
Whilst your website is a good idea there are many lawyers listed near Aldermanbury being on the bank conveyancing panel. Can you recommend a specific firm on the bank approved panel?
We do not recommend specific Aldermanbury firms as the right Aldermanbury conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Aldermanbury knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..