My financial adviser requires my Hampstead Garden Suburb lawyer’ panel member for the Nat West conveyancing panel. How do I discover this. I have tried my local Hampstead Garden Suburb branch but they cant find it on their system.
Have you tried calling your Hampstead Garden Suburb property lawyer about this?. Most Hampstead Garden Suburb law firms will keep a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each bank.
I purchased a semi-detached Victorian house in Hampstead Garden Suburb. Conveyancing solicitor acted for me and HSBC Bank. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be 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 Hampstead Garden Suburb and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with your conveyancing solicitor who conducted the conveyancing.
I decided to have a survey done on a property in Hampstead Garden Suburb in advance of instructing conveyancers. I have been advised that there is a flying freehold element to the house. Our surveyor advised that some lenders will not grant a loan on a flying freehold house.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. Should you wish to telephone 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 Hampstead Garden Suburb. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hampstead Garden Suburb to see if the conveyancing will be more expensive.
I need to retain a conveyancing solicitor for leasehold conveyancing in Hampstead Garden Suburb. I've stumble upon a web site which appears to be the ideal answer If there is a chance to get all formalities done via phone that would be ideal. Should I be concerned? 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?
My husband and I may need to sub-let our Hampstead Garden Suburb basement flat temporarily due to a career opportunity. We instructed a Hampstead Garden Suburb conveyancing practice in 2003 but they have closed and we did not have the foresight to seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
Some leases for properties in Hampstead Garden Suburb do contain a provision to say that subletting is only permitted with prior consent from the landlord. The landlord cannot unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
Despite our best endeavours, we have been unsuccessful in trying to reach an agreement for a lease extension in Hampstead Garden Suburb. Can the Leasehold Valuation Tribunal adjudicate on premiums?
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 you can apply to the First-tier Tribunal (Property Chamber) to decide the premium.
An example of a Lease Extension matter before the tribunal for a Hampstead Garden Suburb property is FFF, 37 and Garage 1, Queensborough Court North Circular Road in September 2012. The Tribunal determined that the premium for the lease extension should be £67,037 This case was in relation to 1 flat. The unexpired term as at the valuation date was 23.66 years.
I own a leasehold flat in Hampstead Garden Suburb. Conveyancing was finished in last year. I have been told that I mustn’t allow the lease length fall too low. Is this right?
Hampstead Garden Suburb leasehold properties are for a fixed term - normally just under one hundred years when they are first granted. However many flats in Hampstead Garden Suburb were constructed or converted in the 60’s and so such leases now have under eighty years remaining. That may seem like plenty of time however Banks, Building Societies and other mortgage lenders generally require leases to have at least 75 years remaining to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To enhance the saleability of your property you should be considering whether or not to extend your lease long before you come to sell it. There are also strong financial reasons to taking action before the lease hits eighty years as when the lease is below 80 years the amount to be paid to extend starts to get a lot more expensive.