I am due to complete buying a house in Harold Wood but as a result of damage from the recent storms I have managed to agree recompense from the seller in the sum of £3k by way of a reduction in the price. I had intended this to be dealt with as part of a side agreement yet Nationwide are not allowing this. Should they have been approached?
The lawyer that is on the Nationwide approved list is duty bound to disclose to Nationwide of any changes to the purchase price. If you were to refuse your lawyer to disclose the price change to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new lawyer for your conveyancing in Harold Wood.
I purchased a freehold premises in Harold Wood yet pay rent, why is this and what is this?
It’s unusual for properties in Harold Wood and has limited impact for conveyancing in Harold Wood but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Are the BSA planning on creating a online directory to to identify practices on the Loughborough BS conveyancing panel for instance in Harold Wood?
Lexsure has not been advised of any plans on the part of the BSA to promote such a register.
Have completed on a a semi-detached house in Harold Wood , What is the estimated time for the Land Registry to record the transfer to my name? My Harold Wood conveyancing solicitor works at snail pace, so I want to be certain that my ownership is recorded.
There is nothing unique when it comes to conveyancing in Harold Wood registration formalities. As opposed to being determined by geographic area, timeframes can vary subject to the party submitting the application, whether there are errors and if the Land registry must send notices to any other persons or bodies. At present roughly three quarters of such applications are completed within two weeks but some can be subject to protracted delays. Historically registration is effected once the buyer is living at the premises thus post completion formalities is not always an essential issue yet if it is urgent that the the registration takes place urgently then you or your conveyancer must communicate with the Registry to express the reasoning for the application to be prioritised.
My husband and I are 18 days into a freehold purchase having been referred to solicitors by the estate agent to do our conveyancing in Harold Wood. I am not happy. Could you help me find new lawyers?
They would need to be really poor in order to consider diss instructing them. Has your mortgage been generated? If so you must advise them of the new lawyer and ensure the mortgage documents are re-issued. Your solicitor ideally should be on the mortgage company approved list to avoid added fees and complications. So that should be your starting point. Our find a solicitor tool can help you find a lender approved conveyancer for your conveyancing in Harold Wood
If all goes to plan we aim to complete the disposal of our £350,000 flat in Harold Wood in seven days. The management company has quoted £324 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Harold Wood?
For most leasehold sales in Harold Wood conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Addressing pre-contract enquiries
Where consent is required before sale in Harold Wood
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have had difficulty in trying to purchase the freehold in Harold Wood. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the amount due.
An example of a Lease Extension decision for a Harold Wood 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 was in relation to 1 flat. The remaining number of years on the lease was 57.5 years.