Is there a reason why leasehold purchase conveyancing in East Sheen is more expensive?
East Sheen 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.
Our lender has recommended solicitors on their panel based in East Sheen but I would rather use a conveyancing lawyer in East Sheen or nearer to where I live. Are you able to assist?
It is by no means the case that all East Sheen conveyancing firms are approved and listed on all lender’s conveyancing panel. Use the above find an approved solicitor tool to locate a East Sheen conveyancing firm on the on the lender panel.
My wife and I purchased a semi-detached Georgian property in East Sheen. Conveyancing solicitor represented me and Aldermore. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for 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 East Sheen and other areas of 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 buyers. You can also question the situation with the conveyancing practitioner who conducted the work.
I am purchasing my first flat in East Sheen with a mortgage from Virgin Money. The sellers refused to reduce the amount so I negotiated 6k of extras instead. The house builders rep told me not inform my conveyancer about the deal as it may affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Estate agents have just been given the go-ahead to market my basement flat in East Sheen. Conveyancing solicitors are to be appointed soon, but I have just received a quarterly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as usual given that all ground rent and maintenance payments will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the leaseholder of a second floor flat in East Sheen. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
Most definitely. We can put you in touch with a East Sheen conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a East Sheen premises is 19 St. Margarets Crescent in August 2010. the tribunal was of the view that the premium to be paid by the leaseholder for the freehold reversion was £51,983.00 This case was in relation to 3 flats. The unexpired lease term was 66.25 years.
We are in the process of buying a house in East Sheen. Can our conveyancer have the amount we are are purchasing for confidential from sites such as Nestoria. How could this be done?
HM Land Registry as a matter of law bound to reveal price sold data on a register of the title for domestic properties nationwide including premises in East Sheen. The Title Register is an open document, so the Land Registry would be breaking the law excluded certain homes such as your one in East Sheen.
You can make a request of HM Land Registry to withhold the amount paid entry yet the response would be a No.