We are soon to exchange on the purchase of a house in Anstey but as a result of damage from some water damage at the property I have was able negotiate compensation from the owner in the sum of three thousand pounds by way of a deduction in the price. I had intended this to be dealt with as part of a side agreement however HSBC are not allowing this. Should they have been involved?
The conveyancing practitioner that is on a HSBC approved list is obliged to advise HSBC of any variations to the sale price. If you were to refuse your property lawyer to report the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new conveyancing practitioner for your conveyancing in Anstey.
We are planning to purchase with Loughborough BS. I popped in a few local practices yet cant to find a Anstey conveyancing firm on the Loughborough BS approved list. Could you help?
Please do make use of the search tool on this site. Please choose the mortgage company and type Anstey or your preferred area and you will discover a number of lawyer located in Anstey or by proximity to you.
It has been four months following my purchase conveyancing in Anstey took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. 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.
Just had an offer accepted on a new build apartment in Anstey. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Anstey
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Anstey and how can your lawyers assist?
The 1954 Act affords a safeguard to commercial leaseholders, giving them the right to apply to court for a new tenancy and remain in occupation at the end of the lease term. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and help with commercial conveyancing in Anstey
Back In 2000, I bought a leasehold house in Anstey. Conveyancing and Chelsea Building Society mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Anstey who previously acted has long since retired. Any advice?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. There is no need to instruct a Anstey conveyancing firm to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Anstey - A selection of Questions you should consider before buying
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The answer will be important as a) areas may cause problems in the block as the communal areas may begin to deteriorate if services are not paid for b) if the tenants have an issue with the running of the building you will need to have all the details It is important to be aware whether window replacement or some other significant cost is anticipated that will be shared by the tenants and could well dramatically impact the level of the service fees or necessitate a specific payment. Is anyone aware of any major works anticipated that will add a premium to the maintenance charges?