Much to our surprise we have been told by our mortgage broker that my Fitzrovia solicitor is not on the bank Conveyancing panel. What can I do to check?
Your first step should be to contact your Fitzrovia conveyancer. You lawyer should notify you of the situation. If they are not on the panel they may be able to suggest a Fitzrovia conveyancing firm that is on the conveyancing panel for your lender.
Can you explain why leasehold purchase conveyancing in Fitzrovia costs more?
The conveyancing costs on a leasehold premises in Fitzrovia is inevitably greater than on a freehold property. This is due to the supplemental investigations necessary in communicating with the landlord and managing agents to obtain evidence about whether the rent and service fee have been paid and whether there are any significant expenditure in the foreseeable future on repairs or maintenance of the block.
My colleague advised me that where I am purchasing in Fitzrovia I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Fitzrovia conveyancing searches. It is a large document of more than thirty pages, listing and detailing important information about Fitzrovia around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Fitzrovia Education with maps and statistics, Local Amenities and other useful data concerning Fitzrovia.
Hoping to buy a property located in Fitzrovia and I am already nervous. I couldn't find anything specific about Fitzrovia. Conveyancing will be needed in due course but do you know about the Fitzrovia area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Fitzrovia. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for freehold conveyancing in Fitzrovia. I have discover a web site which looks to be the ideal solution If it is possible to get all formalities completed via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Completion is due on the disposal of our £225,000 apartment in Fitzrovia next Thursday. The management company has quoted £396 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Fitzrovia?
Fitzrovia conveyancing on leasehold apartments normally necessitates administration charges raised by management companies :
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Answering pre-contract questions
Where consent is required before sale in Fitzrovia
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
We have reached the end of our tether in trying to purchase the freehold in Fitzrovia. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We are happy to put you in touch with a Fitzrovia conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Fitzrovia premises is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case was in relation to 1 flat. The unexpired term was 73.26 years.