I am need of leasehold conveyancing for an apartment in a relatively new development (five years built) in Raynes Park. The vast majority the flats are already occupied. Is it really necessary to order conveyancing searches as part of conveyancing in Raynes Park?
If you are acquiring a property with the assistance of a mortgage, your bank will need some (many) of the searches so you'll have no choice. If not, then Raynes Park conveyancing searches are for you to decide upon. No doubt your conveyancer, will 'advise', perhaps in the strongest possible terms, that you should not go ahead without searches, but he or she has a professional duty to do this. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you demand that your lawyer to proceed without searches then your lawyer will have to follow your instructions or you will need to change to an alternative solicitor for your conveyancing in Raynes Park.
Why is leasehold purchase conveyancing in Raynes Park is more expensive?
Raynes Park leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I own a terraced Georgian property in Raynes Park. Conveyancing solicitor acted for me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Raynes Park and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing practitioner who carried out the work.
I decided to have a survey done on a property in Raynes Park before instructing conveyancers. I have been told that there is a flying freehold overhang to the property. Our surveyor has said that some banks tend refuse to give a loan on such a premises.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Raynes Park. Conveyancing will be smoother if you use a solicitor in Raynes Park especially if they are acquainted with such properties in Raynes Park.
My partner has urged me to instruct his lawyers for conveyancing in Raynes Park. Should I use them?
Much as we are happy to recommend a Raynes Park conveyancing lawyer it’s preferable to select a conveyancing solicitor is to get guidance from friends or relatives who have experience in using the conveyancer that you are contemplating using.
I own a leasehold house in Raynes Park. Conveyancing and Nationwide Building Society mortgage went though with no issue. I have received a letter from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1993. The conveyancing solicitor in Raynes Park who acted for me is not around. What should I do?
The first thing you should do is make enquiries of the Land Registry to be sure that the individual claiming to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Raynes Park conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I am the proprietor of a second floor flat in Raynes Park. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Raynes Park conveyancing firm who can help.
An example of a Lease Extension case for a Raynes Park property is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 60.43 years.