Why is leasehold purchase conveyancing in St Pancras is more expensive?
In summary, leasehold conveyancing in St Pancras and North London usually warrants extra hours of investigation compared to freehold transactions. This includes reviewing the lease, corresponding with the landlord about the service of required notices, securing up-to-date service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
I had intended to instruct a property lawyer in St Pancras for our home move. Our broker informed us that our bank Godiva Mortgages Ltd won't deal with them. Surely this is unfair competition?
A mortgage company can direct that an approved solicitor act for it. Borrowers are liable to bear the cost of this. Try using our search facility to get a quote from a solicitor to conduct conveyancing in St Pancras on the Godiva Mortgages Ltd approved list of solicitors.
Should commercial conveyancing searches reveal proposed roadworks that could affect a commercial property in St Pancras?
Its becoming the norm that commercial conveyancing solicitors in St Pancras will perform a SiteSolutions Highways report as it reduces the time that conveyancers invest in investigating accurate data on highways that impact buildings and development assets in St Pancras. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in St Pancras.
For each commercial conveyancing transaction in St Pancras it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can result in delays to St Pancras commercial conveyancing transactions as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in St Pancras.
My father-in-law has encouraged me to instruct his lawyers for conveyancing in St Pancras. Should I choose my own conveyancer?
No doubt it’s preferable to select a conveyancing practitioner is to seek feedback from friends or relatives who have actually previously instructed the solicitor that you are contemplating using.
Having had my offer accepted I require leasehold conveyancing in St Pancras. Before diving in I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and most are in St Pancras - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
After years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in St Pancras. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to judgment on the amount due.
An example of a Lease Extension decision for a St Pancras 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 number of years remaining on the existing lease(s) was 66.8 years.
I need to find a mortgage company panel solicitor in St Pancras. Can you assist?
It is not clear why you need a St Pancras panel solicitor but in any event, if you can not find one on our search tool you will need to speak directly to the bank to find out which solicitors in St Pancras are on their panel . If you do find such a firm in St Pancras not listed please direct them to our site to list. After all the cost is only one £1 a month