The conveyancer who dealt with my previous purchase has sent a quote for £1200 for freehold conveyancing in Bloomsbury. I’m selling a newly refurbished house for £175,000. Are the quoted fees excessive? Is it in excess of what I should be paying for conveyancing in Bloomsbury?
The costs illustration is slightly on the steep side. If you shop around you could reduce the fees slightly by as much as a hundred pounds. That being said, you maycome to rue opting for an a cheaper conveyancer. If is important to be sure that the firm can also act for your lender. You can utilise our search tool to get a quote a Bloomsbury conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Bloomsbury.
It is 10 years ago since I bought my house in Bloomsbury. Conveyancing solicitors have recently been appointed on the sale but I can't track down my title documents. Will this jeopardise the sale?
Don’t worry too much. First there is a chance that the deeds will be with the lender or they may be archived with the lawyers who oversaw your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers obtaining up to date copy of the land registers. The vast majority of conveyancing in Bloomsbury relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is not insurmountable.
I have been told that property searches are a common reason for obstruction in Bloomsbury house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of holding up conveyancing in Bloomsbury.
About to purchase a new build flat in Bloomsbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Bloomsbury
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There must be mutual enforceability of lessee’s covenants. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
How can the Landlord & Tenant Act 1954 affect my business property in Bloomsbury and how can your lawyers assist?
The 1954 Act gives protection to business leaseholders, granting the right to apply to court for a continuation of occupancy at the end of the lease term. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and assist with commercial conveyancing in Bloomsbury
Can you provide any advice for leasehold conveyancing in Bloomsbury from the perspective of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Bloomsbury can be bypassed where you get in touch lawyers the minute you market your property and request that they start to put together the leasehold information needed by the purchasers’ solicitors. You may think that you are aware of the number of years left on your lease but you should double-check via your conveyancers. A purchaser's lawyer will be unlikely to recommend their client to to exchange contracts if the lease term is less than 75 years. In the circumstances it is important at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. A minority of Bloomsbury leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. If you have carried out any alterations to the property would they have required Landlord’s consent? Have you, for example laid down wooden flooring? Bloomsbury leases often stipulate that internal structural changes or addition of wooden flooring calls for a licence issued by the Landlord acquiescing to such alterations. Where you fail to have the paperwork in place you should not communicate with the landlord without contacting your solicitor in advance.
I am the registered owner of a first floor flat in Bloomsbury. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
if there is a missing freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to assess the premium.
An example of a Lease Extension matter before the tribunal for a Bloomsbury property 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 was in relation to 1 flat. The unexpired residue of the current lease was 66.8 years.