I plan on acquiring a maisonette in Belsize Park. My Solicitor is not listed on the bank approved list. Is it possible for me to appoint my Belsize Park conveyancing solicitor notwithstanding that they are not on the bank approved list?
You have a number of options open to you here
- Proceed with your existing Belsize Park conveyancing practitioner but your lender will undoubtedly appoint a conveyancing practitioner on their conveyancing panel. This will result in additional fees and potential delay.
- Appoint a new solicitor to conduct the conveyancing, obviously checking they are on the mortgage company conveyancing panel.
- Convince your lawyer to pull out all the stops to get listed on the bank’s conveyancing panel
We were just about to sign contracts for a semi detached house in Belsize Park. We encountered a problem. The loan offer with Coventry Building Society runs out on 25/8/2022 but the vendors are suggesting a completion date of 30/8/2022. Can one prolong the loan offer?
The person best placed to deal with your issue is your solicitors who should calculate whether he or she is better off negotiating with the mortgage broker, seller’s lawyers, estate agents or indeed all three given the circumstances your house move to date.
I am the registered owner of a freehold property in Belsize Park yet charged rent, why is this and what is this?
It’s unusual for properties in Belsize Park and has limited impact for conveyancing in Belsize Park 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 creation of fresh rentcharges from 1977 onwards.
Previous 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 extinguished.
The deeds to my property can not be found. The conveyancers who dealt with the conveyancing in Belsize Park 5 years ago are no longer around. Will I be able to sell the house?
Assuming the title is registered the information relating to your ownership will be recorded by HMLR under a Title Number. It is possible to conduct a search at the Land Registry, identify your property and obtain current copies of the Registered Entries for less than a fiver. Where the property is Leasehold then the Land Registry will also normally hold a file copy of the Registered Lease and again, a copy can be obtained for £20 inclusive of VAT.
Just had an offer accepted on a new build flat in Belsize Park. 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 conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Belsize Park
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Please supply a car parking plan. 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. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I only have 68 years left on my lease in Belsize Park. I now want to extend my lease but my freeholder is can not be found. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the Court. You will be obliged to prove that you have used your best endeavours to track down the freeholder. For most situations a specialist would be helpful to try and locate and to produce an expert document which can be used as proof that the freeholder can not be located. It is advisable to get professional help from a solicitor in relation to proving the landlord’s disappearance and the application to the County Court covering Belsize Park.
Notwithstanding our best endeavours, we have been unsuccessful in seeking a lease extension in Belsize Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a Belsize Park conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Belsize Park premises is Raised Ground Floor Flat 20 Fitzjohns Avenue in July 2014. the Tribunal decided that the premiums to be paid for new leases in respect of the Raised Ground Floor Flat and the First Floor Flat were to be calculated as: Raised Ground Floor: £765,175.14 First Floor: £601,617.77 This case related to 2 flats. The number of years remaining on the existing lease(s) was 16.83 and 16.43.