Unfortunately I am unable to travel far from Blackfen. I would like to know the logic why all Blackfen solicitors aren't included on all lender panels?
Mortgage Companies tend to impose restrictions on either the nature or the number of conveyancing solicitors on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the nature of firm, some banks such as HSBC decided to limit the size of their panel they use to act for them. It is worth noting that mortgage companies have no accountability for the accuracy of service given by any Blackfen conveyancer on their approved list. Increases in mortgage fraud was a key driver in the reduction of conveyancing panels a few years ago even though there are conflicting points of view concerning the extent of solicitor involvement in some of that fraud. Data via HMLR reveal that thousands of conveyancing organisations only transact one or two conveyances annually. Those vindicating conveyancing panel culls ask why law firms deserve any entitlement to be on a lender panel when it is apparent that conveyancing is not their speciality?
Me and my brother own a semi-detached Georgian house in Blackfen. Conveyancing lawyer represented me and Chelsea Building Society. I did a free Land Registry search last week and I saw two entries: one for freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be 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 Blackfen and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with the conveyancing practitioner who conducted the work.
I am looking for a ground for flat up to £195,000 and identified one round the corner in Blackfen I like with open areas and transport links nearby, the downside is that it only has 52 remaining years left on the lease. There is not much else in Blackfen in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will likely be an issue. Reduce the price by the anticipated 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 can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
What is different about your site and other internet conveyancing solicitors when it comes to conveyancing in Blackfen?
At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Blackfen. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you instruct them for your property ownership legalities in Blackfen
Can you provide any top tips for leasehold conveyancing in Blackfen from the point of view of saving time on the sale process?
- Much of the delay in leasehold conveyancing in Blackfen can be reduced if you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold information which will be required by the purchasers’ lawyers. Some Blackfen leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should notify your estate agents to make sure that the purchasers obtain bank and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. If you have had conflict with your landlord or managing agents it is essential that these are resolved prior to the flat being put on the market. The buyers and their solicitors will be nervous about purchasing a flat where there is a current dispute. You may need to swallow your pride and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to reveal the dispute as historic as opposed to unsettled. In the event that you altered the property did you need the Landlord’s consent? Have you, for example installed wooden flooring? Most leases in Blackfen state that internal structural alterations or addition of wooden flooring calls for a licence from the Landlord approving such changes. Should you fail to have the paperwork to hand you should not contact the landlord without contacting your lawyer in advance.
After years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Blackfen. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We are happy to put you in touch with a Blackfen conveyancing firm who can help.
An example of a Lease Extension case for a Blackfen premises is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case affected 1 flat.
Do I stop the direct debit for my mortgage with Virgin Money once a completion date for my home sale in Blackfen has been set?
No, you should maintain paying any mortgage sums to Virgin Money until the mortgage is discharged on completion as part of your Blackfen conveyancing.