I need some quick conveyancing in Gidea Park as I am faced with pressure to sign on the dotted line in less than one month. A mortgage is not required. Is it possible to escape the need for conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to have searches carried out although no solicitor would suggest that you don't. With lots of history conveyancing in Gidea Park the following are examples of what can arise and adversely affect market value: Enforcement Actions, Outstanding Fees, Overdue Grants, Unadopted Roads,...
Despite weeks of looking the Title Certificate and documents to our home are lost. The conveyancers who conducted the conveyancing in Gidea Park 4 years ago no longer exist. Will I be able to sell the house?
Gone are the days when you need to hold title original deeds to establish that you own the land or property, as the Land Registry hold details of all registered land or property electronically.
I have been on the look out for a leasehold apartment up to £235,500 and found one close by in Gidea Park I like with open areas and station nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Gidea Park for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years may be problematic. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities 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 lawyer concerning this matter.
I was pointed in your direction by a number of selling agents in Gidea Park to locate a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to market your services over and above a competitor’s?
We don’t give any financial incentive for sending work in our direction. We thought it would be too underhand to pay a commission because home movers will think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Expecting to sign contracts shortly on a studio apartment in Gidea Park. Conveyancing solicitors have said 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?
The report on title for your leasehold conveyancing in Gidea Park should include some of the following:
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Does the lease prohibit wood flooring? Additions to the flat Specifying your rights in respect of the communal areas in the block.E.G., does the lease contain a right of way over an accessway or hallways? Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? The total ownership of the demise. This will be the flat itself but could also include a roof space or storage are if relevant.
We have reached the end of our tether in trying to reach an agreement for a lease extension in Gidea Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the LVT to assess the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Gidea Park flat is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case affected 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.
I bought a house in Gidea Park last 19/6/2018 and to date it is still not registered with HM Land Registry. It was part of a new estate and my lawyer told me that it may take one year to complete the registration formalities. I have spoken with the Land Registry directly and they say that the initial application was cancelled due to questions not being addressed in time. Should I be concerned?
Contact your solicitor - if you are not getting sensible responses, look up their internal complaints process and escalate your concerns to a Complaints Manager. Registrations for Gidea Park conveyancing are not known to be significantly delayed.
