My mortgage broker requires my South Ruislip law firm’s panel reference for the Nat West conveyancing panel. How do I obtain this. I have called my local South Ruislip branch but they have not responded to me.
Have you tried contacting your South Ruislip solicitor about this?. They should have a central record lender panel numbers.
I have given 8 weeks notice to my existing landlord and must be out of my rented property in South Ruislip by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in a couple of weeks as don't want to have to find short term accommodation?
The normal practice is not to serve notice on a rental until your lawyer suggests that you should. Assuming that you have not already done so, contact to your conveyancer and request that they apply pressure on the sellers solicitors, try to get a realistic time scale from them that everyone will work towards
I am the registered owner of a freehold residence in South Ruislip but nevertheless pay rent, why is this and what is this?
It is rare for properties in South Ruislip and has limited impact for conveyancing in South Ruislip 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 have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am looking for a leasehold apartment up to £235,500 and found one round the corner in South Ruislip I like with open areas and station nearby, however it only has 51 remaining years left on the lease. There is not much else in South Ruislip for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this.
I'm converting the mortgage on my primary home to a buy to let loan with Norwich and Peterborough Building Society and intend to use the remaining equity as a deposit on another property. The neighborhood we are interested in is South Ruislip. Will your lawyers be able to act for the two lenders and link together the transactions?
Make use of our search tool on this page to be sure that the conveyancers are approved by both lenders. Assuming that they are the conveyancer will be able to connect the two deals but you should talk with you solicitor and communicate your desired outcome and requirements.
Planning to exchange soon on a ground floor flat in South Ruislip. Conveyancing solicitors have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in South Ruislip should include some of the following:
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What remedies are open the freeholder should you are in breach of your lease terms? What you can do if another tenant in the building breaches a clause of their lease? Where does the liability rest to repair and maintain the building. It is essential that you know which party is responsible the repair and maintenance of every part of the building Who has the liability for maintaining the window frames Changes to the flat
I am the leaseholder of a first flat in South Ruislip. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Most definitely. We can put you in touch with a South Ruislip conveyancing firm who can help.
An example of a Lease Extension decision for a South Ruislip property is Flat 72 Queens Walk in January 2013. The Tribunals calculated the premium payable to be £22,090. This case affected 1 flat. The unexpired residue of the current lease was 53.26 years.