I have just been advised by my IFA that my Belmont solicitor is not on the mortgage company Conveyancing panel. How can I check?
The best course of action for you to take is to contact your Belmont conveyancer. You lawyer should notify you what has happened. If they are not on the panel they may be able to suggest a Belmont conveyancing firm that is on the approved list of lawyers for your bank.
It has been four months since my purchase conveyancing in Belmont took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. 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.
I am buying a new build flat in Belmont. 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.
Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Belmont
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There must be mutual enforceability of lessee’s covenants. Please confirm the Lease plans are architect prepared. 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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan.
Hoping to buy a property located in Belmont and I am already nervous. I couldn't find anything specific about Belmont. Conveyancing will be needed in due course but do you know about the Belmont area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Belmont. In the meantime here are some basic statistics that we found
I am thinking of appointing a conveyancing practitioner in Belmont for my remortgage. Can I check a firm’s record with the profession’s regulator?
Members of the public may see published Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator sometimes monitor call for training reasons.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Belmont. Conveyancing solicitors have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Belmont ?
The majority of houses in Belmont are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Belmont in which case you should be looking for a Belmont conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’sconsent to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the house is located on an estate. Your conveyancer should appraise you on the various issues.
Notwithstanding our best endeavours, we have been unsuccessful in trying to purchase the freehold in Belmont. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We can put you in touch with a Belmont conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Belmont flat is 197 Byron Road in March 2013. In relation to the value of the extended lease the tribunal concluded that the appropriate premium should be £19237 This case related to 1 flat. The unexpired term as at the valuation date was 70.92 years.