Due to move into my new home in Farringdon next Thursday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in his capacity as lawyer for the lender. What risks does the lender expect the insurance to cover?
Any lawyer on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These obligations are not unique to conveyancing in Farringdon.
I am purchasing a flat and require a conveyancing solicitor in Farringdon who is on the HSBC Bank solicitor. Can you recommend a local conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for HSBC Bank in certain locations such as Farringdon. We dont recommend any particular firm.
Are there restrictive covenants that are commonly identified as part of conveyancing in Farringdon?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Farringdon. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My company is looking to take an assignment of a lease of a shop on a shopping parade. Can you recommend solicitors offering competitive charges for commercial conveyancing in Farringdon for under 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Farringdon, including the sale and purchase of businesses as well as simply premises. If you are looking to acquire or sell a shop, pub, restaurant, office, retail unit or a whole business we can find you the right lawyer. As for the fees this will depend on the structure and nuances of the proposed transaction. Let us have your details or phone so as to enable us to provide you with a detailed commercial conveyancing quote.
My wife and I purchased a leasehold flat in Farringdon. Conveyancing and Birmingham Midshires mortgage went though with no issue. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Farringdon who previously acted has long since retired. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the new freeholder. You do not need to instruct a Farringdon conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Farringdon conveyancing firm to assist?
Most certainly. We can put you in touch with a Farringdon conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Farringdon residence is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case was in relation to 1 flat. The unexpired lease term was 66.8 years.
Living abroad I am unable to be present at my Farringdon conveyancing practitioners office to execute documents connected to my conveyancing in Farringdon – will this be an issue?
No. Farringdon conveyancing lawyers can conduct home moves for clients across the country. You are unlikely to be required to be present a Farringdon conveyancers office. They can deal with all communications using post, email, telephone and fax.