Is there a reason why leasehold purchase conveyancing in Greenford is more expensive?
The conveyancing fees for a leasehold property in Greenford is frequently greater as compared to a freehold acquisition or disposal. This is due to the supplemental investigations necessary in liaising with the landlord and managing agents to collate the evidence concerning whether the rent and maintenance fee have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Greenford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Greenford. 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…’
I decided to have a survey carried out on a property in Greenford ahead of appointing lawyers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies tend not issue a loan on a flying freehold premises.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Greenford. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the will of my aunt I am selling a house in Cardiff but live in Greenford. My conveyancer (who is 250 miles from merequires that I execute a stat dec prior to the transaction finalising. Could you suggest a conveyancing solicitor in Greenford to witness this legal document for me?
Technically speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or qualified solicitor will do regardless of whether they are based in Greenford
Following years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Greenford. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the sum to be paid.
An example of a lease Extension case for a Greenford premises is 25 Beechwood Avenue in November 2012. the Tribunal accordingly determined that the premium for the lease extension should be £24,353. This case affected 1 flat. The unexpired term as at the valuation date was 58.19 years.
When it comes to leasehold conveyancing in Greenford what are the most frequent lease defects?
There is nothing unique about leasehold conveyancing in Greenford. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are wrong. The following missing provisions could result in a defective lease:
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A duty to insure the building A provision to repair to or maintain parts of the property
A defective lease can cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Skipton Building Society, and Clydesdale all have express conveyancing instructions when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, obliging the purchaser to withdraw.
Why am I unable to complete our conveyancing in Greenford on May bank holiday?
This is due to the fact that on completion the funds will be transferred electronically between the banks of the purchaser and seller's conveyancer and currently this can only happen on a working day. So you can't complete on a saturday or sunday either.