Is there a reason why leasehold purchase conveyancing in Brook Green is more expensive?
The conveyancing charges on a leasehold property in Brook Green is inevitably more expensive when contrasted to a freehold acquisition or disposal. This is due to the extra work necessary in corresponding with the landlord and management company to collate the information concerning whether the rent and maintenance charges have been paid and whether there are any major works due in the foreseeable future on repairs or maintenance of the block.
I have an AIP. The bank mentioned the loan came with free conveyancing. Does this mean I have to appoint their panel solicitor as I would prefer to appoint a Brook Green based conveyancing firm?
You should check but the the likelihood is that allocate you one of their panel lawyers should you want the "fee-free" offer. Call the lender and ask if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards the cost for your conveyancing solicitor in Brook Green.
My partner and I are downsizing from our house in Brook Green and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street Brook Green conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a nationwide conveyancing practice rather than a conveyancing solicitor in Brook Green. Having lived in Brook Green for many years we know of no issue. Do we contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I am buying a new build house in Brook Green with the aid of help to buy. The developers refused to move on the price so I negotiated £7000 of extras instead. The sale representative told me not disclose to my lawyer about the side-deal as it will affect my loan with the lender. Do I keep my lawyer in the dark?.
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 opted to have a survey carried out on a property in Brook Green ahead of retaining lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders tend not grant a loan on this type of house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Nationwide. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brook Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Brook Green to see if the conveyancing costs will increase in light of this.
Having checked my lease I have discovered that there are only Seventy years remaining on my lease in Brook Green. I am keen to get lease extension but my freeholder is can not be found. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. You will be obliged to demonstrate that you have done all that could be expected to track down the lessor. For most situations a specialist would be helpful to conduct investigations and to produce an expert document which can be used as evidence that the freeholder can not be located. It is advisable to get professional help from a property lawyer in relation to devolving into the landlord’s disappearance and the vesting order request to the County Court overseeing Brook Green.
I have given up trying to purchase the freehold in Brook Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to judgment on the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Brook Green residence is 83 Sinclair Road in September 2010. The decision of the Tribunal was that the price to be paid by the Applicant to the Respondent for the freehold interest in the Property was the sum of £93,650 This case was in relation to 4 flats. The number of years remaining on the existing lease(s) was 70.58 years.