Do the Building Society Association intend to launch a online directory to to identify solicitors on the Norwich and Peterborough Building Society conveyancing panel for instance in Belgravia?
Lexsure has not been advised of any intention on the part of the BSA to promote such a tool.
Are there restrictive covenants that are commonly identified during conveyancing in Belgravia?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Belgravia. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How does conveyancing in Belgravia differ for new build properties?
Most buyers of new build property in Belgravia approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because new home sellers in Belgravia typically purchase the site, 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 used to new build conveyancing in Belgravia or who has acted in the same development.
Yesterday I discovered that there is a flying freehold element on a house I have offered on a fortnight ago in what should have been a straight forward, chain free conveyancing. Belgravia is the location of the property. Is there any advice you can give?
Flying freeholds in Belgravia are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Belgravia you would need to get your solicitor to go 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.
If all goes to plan we aim to complete the sale of our £275,000 apartment in Belgravia on Monday in a week. The managing agents has quoted £420 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Belgravia?
Belgravia conveyancing on leasehold apartments ordinarily results in fees being raised by management companies :
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Answering conveyancing due diligence enquiries
Where consent is required before sale in Belgravia
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have tried to negotiate informally with with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Belgravia conveyancing firm to help?
in cases where there is a missing freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to arrive at the price payable.
An example of a Lease Extension matter before the tribunal for a Belgravia residence is Flat 3 47 Cadogan Square in December 2010. the Tribunal determined that the premium payable to the landord by the leaseholder for the lease extension was £732,935 This case was in relation to 1 flat. The unexpired term as at the valuation date was 13.33 years.
I am purchasing a leasehold flat in Belgravia. Conveyancing quotes are averaging around £1700. Is that in the right ballpark?
The average cost in 2014 for conveyancing in Belgravia was £1,419 excluding Stamp Duty and HM Land Registry fees.