Our lender has suggested solicitors on their panel based in Brent Park but I would rather use a conveyancing lawyer in Brent Park round the corner to me. Can you assist?
Not all Brent Park conveyancing practitioners are on all lender’s conveyancing panel. Please make the most of our find an approved solicitor tool to find a Brent Park conveyancing conveyancer on the on the mortgage company panel.
I am buying a new build apartment in Brent Park. Conveyancing is daunting 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.
Here is a sample of a few leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Brent Park
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Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? 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. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
Over the last few months I have been searching for a flat up to £195,000 and identified one close by in Brent Park I like with open areas and station nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Brent Park suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term may be problematic. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
I am looking into buying my first house which is in Brent Park and I am already nervous. I couldn't find anything specific about Brent Park. Conveyancing will be needed in due course but do you know about the Brent Park area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Brent Park. In the meantime here are some basic statistics that we found
My step-father has suggested that I instruct his conveyancing solicitors in Brent Park. Should I use them?
There are no two ways about it the ideal way to select a conveyancing practitioner is to seek feedback from friends or family who have actually previously instructed the conveyancer that you are are thinking of instructing.
I am a negotiator for a busy estate agent office in Brent Park where we have experienced a few flat sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Brent Park conveyancing firms. Could you clarify whether the vendor of a flat can start the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Notwithstanding our best endeavours, we have been unsuccessful in trying to purchase the freehold in Brent Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the LVT to determine the price.
An example of a Freehold Enfranchisement decision for a Brent Park property is 7 Craven Park in June 2009. The tribunal considered it unnecessary to value the garage as an independent investment or to value each flat separately, providing that the marriage value calculation uses only the participating flats. Accordingly, the price determined by the Tribunal was £41,140 This case was in relation to 5 flats. The number of years remaining on the existing lease(s) was 73.14 years.