We are planning to buy with Melton Mowbray Building Society. I visited a couple of local solicitors but am struggling to find a Bloomsbury conveyancing firm on the Melton Mowbray Building Society approved list. Please you assist?
Please do make use of the find a conveyancing panel solicitor tool on this web page. Please choose the lender and type Bloomsbury or your preferred area and you will be presented with numerous solicitors based in Bloomsbury or by proximity to you.
About to purchase a new build apartment in Bloomsbury. 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 legal work.
Here are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Bloomsbury
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. 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? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore.
I am looking for a ground for flat up to £195,000 and found one round the corner in Bloomsbury I like with a park and transport links nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Bloomsbury in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage that many years will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I have been pointed in your direction by a number of property agents in Bloomsbury to find a conveyancer on your site. Is there a financial incentive for Estate Agents to promote your services over and above another?
We refuse to make any referral fee for directing people our way. We thought it would be too underhand a fee because home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My husband and I are first time buyers - had an offer accepted, but the estate agent has warned us that the vendor will only proceed if we use their chosen conveyancers as they need a ‘quick sale’. My instinct tells me that we should use a local solicitor accustomed to conveyancing in Bloomsbury
We suspect that the seller is unaware of this requirement. Should the vendor want ‘a quick sale', turning down a genuine buyer is counter productive. Contact the sellers directly and make sure they understand (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you intend to instruct your own,trusted Bloomsbury conveyancing firm - not the ones that will provide their estate agent a kickback or hit his conveyancing thresholds pre-set by senior management.
I am on look out for some leasehold conveyancing in Bloomsbury. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Bloomsbury - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Bloomsbury conveyancing firm to represent me?
Most definitely. We can put you in touch with a Bloomsbury conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Bloomsbury flat is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case affected 1 flat. The number of years remaining on the existing lease(s) was 66.8 years.