Do lenders provide you with an approved list of Marylebone conveyancing solicitors? How do you know who is on the Clydesdale conveyancing panel?
Marylebone conveyancing firms themselves provide us confirmation that they are on the Clydesdale conveyancing panel as opposed to being supplied with a list from Clydesdale directly.
I need some expedited conveyancing in Marylebone as I have a deadline to exchange contracts inside 2 weeks. A mortgage is not required. Can I avoid the conveyancing searches to save fees and time?
If.Given you are are a cash purchaser you have the choice not to have searches conducted although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Marylebone the following are instances of what can be revealed and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
About to purchase a new build apartment in Marylebone. Conveyancing is necessary evil 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.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Marylebone
There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I have been on the look out for a flat up to £235,500 and identified one round the corner in Marylebone I like with open areas and station nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Marylebone in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage that many years will be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I have just appointed agents to market my 2 bed apartment in Marylebone. Conveyancing has not commenced, but I have recently had a yearly maintenance charge invoice – what should I do?
The sensible thing to do is pay the invoice as normal given that all ground rent and maintenance payments should be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the leaseholder of a first floor flat in Marylebone. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
Where there is a missing landlord or if there is dispute about what the lease extension should cost, 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 premium.
An example of a Lease Extension case for a Marylebone property is Flats 37 & 39 88/90 Portland Place in December 2010. The Tribunal determined that the premium payable for the lease extensions in respect of these two flats is as follows:- For Flat 37, the sum of £385,230.00 For Flat 39, the sum of £436,780.00 This case related to 2 flats. The remaining number of years on the lease was 24.02 years.
My mum and dad cant seem to find their Marylebone property on the HM Land Registry site. They have a vague memory back in the 70’s when they purchased the property there were complications with the address not being recognised in some systems.
Nearly all residences in Marylebone should appear. Have you endevoured to search with simply the postcode. Usually it should reveal all the houses and flats within that postcode. Assuming the property is recorded it will show up with a title number. If they bought back in the 70’s it's conceivable it may be unregistered. The address could still be revealed but with the title number identified as 'na'. In this scenario you will need to track down the original title deeds which may be with your parent’s lender.