We're in Chadwell Heath, First time buyers purchasing with a mortgage (lender is Aldermore , and our solicitor is on the Aldermore conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Aldermore conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
My wife and I own a renovated Georgian house in Chadwell Heath. Conveyancing practitioner represented me and Aldermore. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chadwell Heath and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing solicitor who conducted the work.
I have been on the look out for a ground for flat up to £235,500 and found one round the corner in Chadwell Heath I like with a park and railway links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Chadwell Heath suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
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At this site obtain a fixed fee quote from a Solicitor or Licensed Conveyancer that understands the issues for your conveyancing in Chadwell Heath. As opposed to estate agents and many comparison sites we do not charge firms a commission if you choose them for your home move in Chadwell Heath
Having checked my lease I have discovered that there are only Seventy years left on my flat in Chadwell Heath. I now wish to extend my lease 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 submit an application 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. However, you will be required to prove that you or your lawyers have used your best endeavours to locate the freeholder. On the whole an enquiry agent should be helpful to carry out a search and to produce a report to be used as evidence that the landlord can not be located. It is wise to seek advice from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court covering Chadwell Heath.
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Chadwell Heath. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or if 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 Leasehold Valuation Tribunal to determine the price payable.
An example of a Lease Extension case for a Chadwell Heath residence is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case affected 1 flat. The remaining number of years on the lease was 61.36 years.
I cannot travel my Chadwell Heath conveyancing lawyers office to sign documents connected to my conveyancing in Chadwell Heath – will this be problematic?
You need not be concerned. Chadwell Heath conveyancing solicitors can deal with conveyancing transactions for clients throughout the rest of the country. It is not necessary for you to be able to be present a Chadwell Heath conveyancers office. Almost all property lawyer can deal with all communications remotely from their Chadwell Heath office.