Is the fact that my conveyancer in Buckhurst Hill is not identified on my lender's solicitor panel that there is a problem with the quality of her work?
That is most likely an incorrect assumption to make. There are plenty of reasonable explanations. A recent report by the solicitors regulator revealed that over three quarters of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Should you be concerned you should simply call the Buckhurst Hill conveyancing firm and enquire why they are no longer on the approved list for your bank.
I am under pressure from the seller of a property in Buckhurst Hill to sign contracts within four weeks. What can be done to accelerate the legal process?
First, If the seller is applying time constraints for your conveyancing it is highly recommended that your solicitor is familiar with the location as they will have local contacts and know-how. It is possible that they could have transacted previoushomes in the same road. You would be best advised to use a Buckhurst Hill conveyancing firm. In addition, double check that the lawyer is on the member panel. It is believed that just under twenty per cent of Buckhurst Hill conveyancing deals are suspended or derailed after finding out that a buyer’s lawyer was not on their banks list of approved solicitors. In many cases this discovery resulted in the transaction being delayed by as much as 21 days. It is understood that this issue affects approximately 100,000 home sales every year. Many Buckhurst Hill conveyancing practices can not represent certain lenders so do check as early as possible.
I purchased a freehold house in Buckhurst Hill but still charged rent, why is this and what is this?
It’s unusual for properties in Buckhurst Hill and has limited impact for conveyancing in Buckhurst Hill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Despite weeks of looking the Title Certificate and documents to our house are lost. The lawyers who conducted the conveyancing in Buckhurst Hill 10 years ago have long since closed. Will I be able to sell the house?
Gone are the days when you need to have the physical deeds to establish that you own the land or property, as the Land Registry have everything they need in a digital format.
I opted to have a survey done on a house in Buckhurst Hill ahead of appointing conveyancers. I have been told that there is a flying freehold overhang to the house. My surveyor advised that some lenders may refuse to give a mortgage on this type of premises.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Buckhurst Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Buckhurst Hill to see if the conveyancing will be more expensive.
I only have Fifty years remaining on my lease in Buckhurst Hill. I now wish to get lease extension but my freeholder is can not be found. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to prove that you have done all that could be expected to find the landlord. For most situations an enquiry agent should be helpful to carry out a search and prepare a report which can be used as proof that the freeholder is indeed missing. It is wise to seek advice from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Buckhurst Hill.
Following months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Buckhurst Hill. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We are happy to put you in touch with a Buckhurst Hill conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Buckhurst Hill property is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The unexpired residue of the current lease was 69.26 years.