Will commercial conveyancing searches reveal impending roadworks that could affect a commercial property in Tottenham Green?
Its becoming the norm that commercial conveyancing solicitors in Tottenham Green will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in sourcing accurate data on highways that impact buildings and development assets in Tottenham Green. The search result provides 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 Tottenham Green.
For each commercial conveyancing transaction in Tottenham Green it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could result in delays to Tottenham Green commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Tottenham Green.
I used Action Conveyancing several years past for my conveyancing in Tottenham Green. I now require my papers but cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Tottenham Green of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a flat up to £235,500 and found one near me in Tottenham Green I like with a park and railway links in the vicinity, the downside is that it only has 51 years on the lease. I can't really find anything else in Tottenham Green suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage that many years will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you could 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 and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this matter.
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Tottenham Green and how can you help?
The particular law that you refer to provides a safeguard to commercial tenants, giving them the a statutory right to apply to court for a continuation of occupancy when the lease reaches an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Tottenham Green is one of our many locations in which our lawyers are based
Back In 2008, I bought a leasehold house in Tottenham Green. Conveyancing and Norwich and Peterborough Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Tottenham Green who previously acted has long since retired. Any advice?
First make enquiries of HMLR to make sure that the individual purporting to own the freehold is indeed the new freeholder. You do not need to instruct a Tottenham Green conveyancing firm to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Following months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Tottenham Green. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the LVT to determine the price payable.
An example of a Freehold Enfranchisement decision for a Tottenham Green flat is 22 Wakefield Road in January 2012. Following a vesting order Clerkenwell and Shoreditch County Court under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993 on 9th May 2011 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £17,400 This case related to 2 flats. The remaining number of years on the lease was 74.13 years.
We own a leasehold flat in Tottenham Green. Conveyancing was finished in 2010. I have read on various advice forums that I should not let the lease length get too short. Why is that a problem?
Tottenham Green leasehold properties are for a set period - normally ninety nine years when they started. However many flats in Tottenham Green were built or converted 20 or more years ago and so such leases now have fewer than 80 years remaining. That may seem like plenty of time however Banks, Building Societies and other mortgage institutions tend to require leases to have at least 75 years remaining to be mortgageable. Accordingly when you come to sell the property you will need to extend the term of your lease if you are nearing seventy five years. To increase your property value you should be thinking about whether to extend your lease long before you come to sell it. Furthermore advantages to taking action before the lease reaches even 80 years as when the lease falls below 80 years the premium you have to pay to extend starts to get a lot more expensive.