three months have gone by since my purchase conveyancing in King's Cross concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build flat in King's Cross. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in King's Cross
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There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I opted to have a survey carried out on a property in King's Cross prior to instructing lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some banks will not grant a loan on such a home.
It varies from the lender to lender. HSBC has different instructions from Nationwide. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in King's Cross. Conveyancing may be slightly more expensive based on your lender's requirements.
In sourcing the internet for the words conveyancing in King's Cross it shows results of many solicitorsin the area. How do I determine which is the suitable solicitor for me?
The ideal method of seeking the right conveyancer is via trusted referral, so enquire of colleagues and those you trust who have purchased a property in King's Cross or the respected estate agent or mortgage broker. Costs for conveyancing in King's Cross vary, so it's sensible to request at least four fee calculations from different conveyancers. Be sure to secure confirmation what costs in the quote includes.
My wife and I purchased a leasehold flat in King's Cross. Conveyancing and Lloyds TSB Bank mortgage are in place. A letter has just been received from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in King's Cross who acted for me is not around. Any advice?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to instruct a King's Cross conveyancing practitioner to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a King's Cross conveyancing firm to help?
in cases where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to make a decision on the amount due.
An example of a Lease Extension matter before the tribunal for a King's Cross flat is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case was in relation to 1 flat. The remaining number of years on the lease was 66.8 years.
Should one as executor remove a deceased person's details from the title deeds for a property in King's Cross?
Where a King's Cross property is co-owned and one of the proprietors passes away, their name will not automatically be removed from the Land Registry title. You are not required to remove their name as when it comes to a sale you would just be required to evidence why the co owner is not included in the transfer, normally this is in the form of a grant of probate.
With the aim of making things simpler for the sale of the property you can apply to have the deceased name removed from the title by applying to HMLR with evidence of the death. There is no land registry fee payable.