Can you explain why leasehold purchase conveyancing in Belgravia is more expensive?
Belgravia leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving appropriate notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a residence in Belgravia? or Apparently there is historic law that could mean that house owners living in a parish church boundary may be liable to pay for maintenance towards the chancel in proximity to the church. Is this suitable for conveyancing in Belgravia?
Unless a previous acquisition of the house took place post 12 October 2013 you could expect lawyers conducting conveyancing in Belgravia to continue to suggest a chancel search and or chancel repair liability insurance.
Me and my brother purchased a renovated Edwardian property in Belgravia. Conveyancing lawyer represented me and Bank of Scotland. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Belgravia and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing practitioner who carried out the work.
How does conveyancing in Belgravia differ for new build properties?
Most buyers of new build property in Belgravia contact us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is finished. This is because house builders in Belgravia usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Belgravia or who has acted in the same development.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Belgravia is the location of the property. Can you shed any light on this issue?
Flying freeholds in Belgravia are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Belgravia you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Belgravia may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
In my capacity as executor for the estate of my aunt I am selling a residence in Cardiff but reside in Belgravia. My solicitor (who is 200 miles awayneeds me to execute a statutory declaration ahead of the transaction finalising. Can you recommend a conveyancing lawyer in Belgravia who can attest this legal document for me?
Technically speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will do regardless of whether they are Belgravia based