I have given 8 weeks notice to my existing landlord and must be out of my rented apartment in Brent Cross by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in three weeks as don't want to have to find temporary accommodation?
The normal practice is not to give notice on a rental until exchange of contracts has taken place. If you have not previously done so, notify to your conveyancer and request that they apply pressure on the sellers solicitors, try to an agreed time frame that all parties will work towards
Why is leasehold purchase conveyancing in Brent Cross is more expensive?
Brent Cross leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
What happens if my solicitor is suspended from the Skipton Solicitor panel ahead of completing my conveyancing in Brent Cross?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
How can the Landlord & Tenant Act 1954 impact my commercial premises in Brent Cross and how can you help?
The particular law that you refer to affords security of tenure to commercial lessees, giving them the dueness to apply to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Brent Cross is one of the many locations in which our lawyers are located
I am one month into a leasehold purchase having been referred to solicitors by the high street agent to carry out the conveyancing in Brent Cross. I am am extremely disappointed with the quality of service. Can you help me find new solicitors?
They would have to be really bad in order to consider changing them. Has the mortgage been sent? In the event that it has you need to inform them of the new contact details and have the offer are issued to the new lawyers. The conveyancer needs to be on the banks panel to avoid added charges and frustration. So that should be your first question of the new lawyers. Our find a solicitor tool will assist you in finding a lender approved solicitor for your conveyancing in Brent Cross
I am looking at a two maisonettes in Brent Cross both have about fifty years left on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease gets shorter the marketability of the lease decreases and it becomes more expensive to acquire a lease extension. This is why it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this arena.
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Brent Cross. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to make a decision on the price.
An example of a Lease Extension case for a Brent Cross residence is First Floor Flat 61 Wilberforce Road in March 2014. The premium payable was £10,130 and the case was remitted back to the Willesden County Court to effect the Vesting Order (Claim No 3W103100). This case related to 1 flat. The unexpired lease term was 71 years.