It is a dozen years since I bought my house in Belmont. Conveyancing solicitors have recently been instructed on the sale but I can't find the title deeds. Is this a problem?
You need not be too concerned. First the deeds may be kept by the mortgage company or they could stored with the solicitor who handled your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring current official copies of the land registers. Almost all conveyancing in Belmont relates to registered property but in the unlikely event that your property is not registered it is more of a problem but is resolvable.
I need some fast conveyancing in Belmont as I am under pressure to sign on the dotted line within 4 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
If.Given you are not obtaining a home loan you are at liberty not to do searches although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Belmont the following are examples of issues that can crop up and therefore impact future mortgageability: Enforcement Notices, Overdue Fees, Outstanding Grants, Unadopted Roads,...
I purchased a terraced Edwardian property in Belmont. Conveyancing lawyer represented me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same address. Is it worth asking Platform Home Loans Ltd to clarify?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Belmont and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the situation with the conveyancing practitioner who carried out the work.
I'm buying my first flat in Belmont benefiting from help to buy. The sellers would not move on the amount so I negotiated £7000 of fixtures and fittings instead. The estate agent told me not inform my conveyancer about this deal as it may impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great price which is making it more attractive. I have subsequently found out that the title is leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Belmont. Conveyancing advisers have are about to be instructed. Will my lawyers set out the risks of buying a leasehold house in Belmont ?
The majority of houses in Belmont are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. We note that you are buying in Belmont in which case you should be looking for a Belmont conveyancing practitioner and check that they are used to dealing with leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to conduct changes to the property. You may also be required to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your solicitor should report to you on the legal implications.
Following months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Belmont. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing landlord or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to judgment on the price.
An example of a Freehold Enfranchisement matter before the tribunal for a Belmont residence is Buchanan Court 39 Vernon Road in April 2010. the Tribunal assessed that the premium payable for the freehold of the block should be £44,000. This case affected 2 flats. The unexpired lease term was 66.67 years.
Why do Belmont conveyancing fees differ for leasehold and freehold properties?
Leasehold conveyancing in Belmont more often than not will involve additional due diligence including reviewing the lease, communicating with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts amongst other tasks.