Me and my partner are about to complete on the purchase of a house in Earlsfield but as a consequence of wreckage from some water damage at the property I have managed to agree reparation from the owner in the sum of £2k taking the form of a adjustment in the price. I had intended this to be dealt with as part of the conveyancing process however Lloyds will not agree to this. Should they have been informed?
Any conveyancing practitioner that is on a Lloyds approved list is obliged to disclose to Lloyds of any variations to the purchase price. If you were to refuse your conveyancer to report the reduction to Lloyds then they would have to discontinue acting for you. In addition, Lloyds and you would have to appoint a new lawyer for your conveyancing in Earlsfield.
Have completed on a a terraced house in Earlsfield , how long will it take for the Land Registry to register my title? My Earlsfield conveyancing solicitor works at snail pace, so I want to check the registration is concluded.
As far as conveyancing in Earlsfield is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can adjust subject to who lodges the application, whether it is in order and if the Land registry communicate with any third parties. At present roughly 80% of submission are fully addressed in less than three weeks but occasionally there can be longer hold-ups. Registration takes place once the new owner has moved in to the premises therefore an expedited registration is not usually top priority but where there is a degree of urgency associated with the registration then you or your lawyers can speak with the land registry and explain the circumstances.
I am looking for a flat up to £195,000 and found one close by in Earlsfield I like with a park and railway links nearby, the downside is that it's only got 61 years unexpired on the lease. There is not much else in Earlsfield for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a mortgage the shortness of the lease will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
In what way does the Landlord & Tenant Act 1954 impact my business property in Earlsfield and how can you help?
The 1954 Act affords protection to business tenants, giving them the legal entitlement to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and handle your commercial conveyancing in Earlsfield
I own a leasehold house in Earlsfield. Conveyancing and HSBC Bank mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Earlsfield who acted for me is not around. Do I pay?
The first thing you should do is contact the Land Registry to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Earlsfield conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
After years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Earlsfield. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a Earlsfield conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Earlsfield premises is 35 Trewint Street in February 2012. The Tribunal arrived at a premium of £32 425 for the freehold reversion. The matter was transferred back to the court for further consideration which required the applicants pay the premium (less any assessed costs) into court after which the court would execute a transfer of the freehold. This case related to 2 flats. The remaining number of years on the lease was 70.57 years.
Partway through the sale of a leasehold flat in Earlsfield. Conveyancing solicitors are doing their job but we are being charged an extortionate amount from the managing agents. So far we have forked out £225 for a leasehold management pack and then a further £117.20 for additional queries supplied by the purchaser's solicitor.
You will not have control over the level of the fee for this information but the average costs for the information for Earlsfield leasehold premises is £355. When it comes to Earlsfield conveyancing deals it is customary for the vendor to cover the charges. The landlord or their agents are not duty bound to address such questions although many will be willing to do so - albeit often at high prices disproportionate to the work involved. Unfortunately there is no law that mandates fixed fees for administrative tasks. Nor is there any prescriptive time frame by which they are duty bound to issue the information.