My wife and I own a semi-detached Edwardian house in Burnt Oak. Conveyancing practitioner represented me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the matching address. I thought I was buying a freehold how can I check?
You should assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Burnt Oak 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 solicitor who conducted the work.
I am buying a new build house in Burnt Oak with the aid of help to buy. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The property agent told me not to tell my lawyer about the deal as it could adversely affect my mortgage 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a straight forward, chain free conveyancing. Burnt Oak is the location of the property. Can you offer any guidance?
Flying freeholds in Burnt Oak are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Burnt Oak you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Burnt Oak may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
My company is wishing to take over a lease of an office on the high street. Can you recommend solicitors offering no-move-no charges for non-domestic conveyancing in Burnt Oak for under 2k?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Burnt Oak, including the sale and purchase of businesses as well as simply property. If you are hoping to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right solicitor. As for the costs these will vary based on the structure and complexity of the proposed transaction. Please provide us with your contact information or telephone us so that we can supply you with a fixed commercial conveyancing quote.
In sourcing the web for the phrase cheap conveyancing in Burnt Oak it reveals numerous conveyancerslocally. How do I determine which is the suitable conveyancer for purchase transaction?
The preferential method of choosing a suitable conveyancer is through a personal referral, so ask colleagues and relatives who have bought a property in Burnt Oak or a respected estate agent or mortgage broker. Charges for conveyancing in Burnt Oak vary, so it's a good idea to request at least four costs illustrations from different law firms. Be sure to seek confirmation what costs in the quote includes.
I've recently bought a leasehold house in Burnt Oak. Am I liable to pay service charges relating to a period prior to completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Following years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Burnt Oak. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the sum to be paid.
An example of a Lease Extension decision for a Burnt Oak residence is 20 Orchard Court Stonegrove in June 2009. The tribunal decided that a premium of £11,040 should be payable for the new lease This case was in relation to 1 flat. The remaining number of years on the lease was 71.55 years.