I have just been advised by my mortgage broker that my Bedford Hill the law firm I have appointed is not on the lender Solicitor panel. How can I check?
The sensible course of action for you to take is to call your Bedford Hill lawyer directly. It is reasonable to expect your lawyer to inform you what has happened. If they are not on the panel they may be able to suggest a Bedford Hill conveyancing practice that is on the conveyancing panel for your lender.
I purchased a freehold property in Bedford Hill but still invoiced for rent, why is this and what is this?
It is rare for properties in Bedford Hill and has limited impact for conveyancing in Bedford Hill 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
My mortgage company has recommended a law firm on their panel based in Bedford Hill but I would rather instruct a conveyancing lawyer in Bedford Hill local to me. Are you able to assist?
It is by no means the case that all Bedford Hill conveyancing solicitors are listed all banks conveyancing panel. Use the above search tool to choose a Bedford Hill conveyancing firm on the on the lender panel.
I am looking for a flat up to £245,000 and found one round the corner in Bedford Hill I like with amenity areas and transport links in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Bedford Hill for this price, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan the shortness of the lease will be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of 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 speak to your conveyancing solicitor concerning this matter.
I'm converting the mortgage on my primary house to a buy to let mortgage with Virgin Money and intend to use the remaining equity as a down payment on further house. The area we are talking about is Bedford Hill. Will your conveyancers be able to act for both sets of lenders and link together the conveyances?
Make use of our comparison tool on this site to be sure that the lawyers are approved by both lenders. Assuming that they are your solicitor should be able to tie up the two transactions but you should have a chat with you lawyer and communicate your desired outcome and requirements.
I have recently realised that I have 68 years unexpired on my flat in Bedford Hill. I now wish to extend my lease but my freeholder is missing. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the Court. However, you will be required to prove that you have done all that could be expected to locate the landlord. In some cases a specialist should be useful to carry out a search and to produce a report which can be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a property lawyer both on proving the landlord’s disappearance and the application to the County Court overseeing Bedford Hill.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Bedford Hill conveyancing firm to act on my behalf?
Most certainly. We are happy to put you in touch with a Bedford Hill conveyancing firm who can help.
An example of a Lease Extension case for a Bedford Hill premises is First Floor Flat 152a Ramsden Road in June 2009. The net result of the tribunals calculation produced a premium payable of £23,975. This case was in relation to 1 flat. The unexpired residue of the current lease was 56.67 years.