I have a 4 bedroom Victorian property in Enfield Lock. Conveyancing lawyer represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You should 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Enfield Lock 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 purchasers. You can also enquire as to the situation with your conveyancing solicitor who conducted the conveyancing.
I'm purchasing a new build house in Enfield Lock with a loan from Leeds Building Society. The sellers refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not reveal to my conveyancer about this extras as it may adversely affect my loan with Leeds Building Society. Do I keep my lawyer in the dark?.
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.
I have been on the look out for a flat up to £195,000 and identified one round the corner in Enfield Lock I like with amenity areas and railway links in the vicinity, the downside is that it only has 49 years on the lease. I can't really find anything else in Enfield Lock in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan that many years will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
My company is wishing to take over a lease of an office on the high street. Can you recommend conveyancers offering no-move-no costs for commercial conveyancing in Enfield Lock for under 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Enfield Lock, including the sale and purchase of businesses as well as simply premises. Whether you are intending to buy or dispose of a shop, pub, restaurant, office, retail premises or a complete business we can find you the right firm. Regarding the costs this will depend on the structure and heads of terms of the deal. Let us have your contact information or phone us so that we may supply you with a fixed commercial conveyancing calculation.
I am hoping to exchange soon on a studio apartment in Enfield Lock. Conveyancing solicitors inform me that they are sending me a report within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Enfield Lock should include some of the following:
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Rent payments - what is payable and when is collected, and be on notice if this will change in the future You should be advised what is to be regarded as a Nuisance as far as the lease is concerned Does the lease prevent you from letting out the property, or having a home office for business It needs to be made clear to you if the lease allows you to alter or upgrade aspects of the property- you should be made aware as to whether any restrictions applies to all alterations or limited to structural alteration, and whether consent is mandated necessary
Following months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Enfield Lock. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Enfield Lock conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold decision for a Enfield Lock premises is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case was in relation to 2 flats. The unexpired term as at the valuation date was 80.01 years.
My 20yr old son is embarking on her first house purchase, he had his mortgage in principle. One the offer was accepted on flat we contacted the lender to go forward with his. I was disappointed to discover that banks do not accept all conveyancer, they must be on their panel, is this right?
Banks tend to imposes restrictions either the type or the number of conveyancing practices on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Enfield Lock lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.