About to place a bid on a leasehold flat in Marylebone. The property agents assure me that it is usual for flats in Marylebone to have less than 75 years left on the lease. I am taking out a loan with Bank of Ireland. Will the property be mortgageable given that the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 26/6/2020 the requirements read as follows :
I am close to exchanging contracts on the sale of our house in Marylebone and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Marylebone lawyer would know this is not the case. It does beg the question why the purchasers are using a factory type conveyancing practice rather than a conveyancing solicitor in Marylebone. Having lived in Marylebone for six years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
It has been four months following my purchase conveyancing in Marylebone completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £180,000. 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 residence 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.
Due to the guidance of my in-laws I had a survey completed on a house in Marylebone before appointing conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some lenders may not give a mortgage on such a home.
It depends who your proposed lender is. Santander has different instructions from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Marylebone. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Marylebone to see if the conveyancing costs will increase in light of this.
How simple is it to transfer to a new solicitor as I need to choose a firm on the Barnsley Building Society conveyancing panel. I had appointed a local conveyancing solicitor in Marylebone round the corner but he is not approved by Barnsley Building Society
We will our best to assist in finding you a conveyancing solicitor in Marylebone on the Barnsley Building Society panel. Please note that the conveyancers that we on the directory do not pay us fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Marylebone. Using the find a conveyancing solicitor tool on this page, you can compare and instruct different solicitors and conveyancers both nationally and in Marylebone.
In surfing the internet for the words on line conveyancing in Marylebone it brings up many conveyancersin the vicinity. With so much choice what is the best way to find the right conveyancing solicitor for my move?
The preferential method of seeking a suitable conveyancer is through a personal testimonial, so ask colleagues and those you trust who have acquired a property in Marylebone or the respected estate agent or mortgage broker. Charges for conveyancing in Marylebone differ, so it's advisable to request a minimum of three fee estimates from varying types of law firms. Make sure that you know that the fees are fixed.