Me and my partner are about to complete on the purchase of a house in Arnos Grove but as a result of damage from some water damage at the property I have managed to agree reparation from the seller in the sum of £2k taking the form of a deduction in the price. I had intended this to be addressed as part of amending the contract but Kent Reliance are not allowing this. Why were they notified?
Your conveyancing practitioner being on a Kent Reliance conveyancing panel is required to disclose to Kent Reliance of any amendments to the purchase price. If you prohibit your property lawyer to report the price change to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new lawyer for your conveyancing in Arnos Grove.
I purchased a freehold house in Arnos Grove yet charged rent, why is this and what is this?
It’s unusual for properties in Arnos Grove and has limited impact for conveyancing in Arnos Grove 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 hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
What is the difference between a licensed conveyancer and conveyancing solicitor in Arnos Grove
There are many recorded licenced Conveyancers in Arnos Grove and Solicitor partnerships in Arnos Grove offering conveyancing We would stress that the two are regulated professionals specialising in the legal work in the home buying process. They may both also deal with other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
How can we tell if a Arnos Grove conveyancing solicitor on the Skipton panel is any good?
When it comes to conveyancing in Arnos Grove getting recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer handling your transaction.
Leeds Building Society have agreed my mortgage in principle, my offer on a house in Arnos Grove has been agreed to, what happens next?
Your property agent will wish to be advised as to your conveyancer's details (make sure the conveyancing practitioners are on the bank’s approved list). Contact Leeds Building Society or your financial adviser and complete any appropriate paperwork. Leeds Building Society will sellect a valuer who will get in contact with the estate agent or vendor to book an appointment. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Leeds Building Society will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Arnos Grove.
Is it simple use the search app to select a conveyancing solicitor in Arnos Grove on the approved list for my lender?
First pick a lender such as Birmingham Midshires, Coventry Building Society or Aldermore then type in your location e.g. Arnos Grove. Conveyancing practices in Arnos Grove and beyond should be shown.
In my capacity as executor for the estate of my grandfather I am selling a house in Neath but reside in Arnos Grove. My conveyancer (who is 200 kilometers from mehas requested that I execute a stat dec ahead of the transaction finalising. Could you suggest a conveyancing lawyer in Arnos Grove who can witness this legal document for me?
strictly speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will suffice regardless of whether they are located in Arnos Grove
I am looking at a two maisonettes in Arnos Grove both have about forty five years remaining on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Arnos Grove is a wasting asset as a result of the reducing lease term. The nearer the lease gets to its expiry date, the more it reduces the value of the premises. The majority of purchasers and banks, leases with less than 75 years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Arnos Grove conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a Arnos Grove conveyancing firm to act on my behalf?
in cases where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to assess the amount due.
An example of a Freehold Enfranchisement case for a Arnos Grove residence is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case was in relation to 2 flats. The remaining number of years on the lease was 70.31 years.