Much to our surprise we have been told by our broker that my Elmers End the law firm I have appointed is not on the lender Conveyancing panel. How can I be certain that this is indeed the case?
The best course of action for you to take is to call your Elmers End lawyer directly. You lawyer should inform you of the situation. If they are not on the panel they may be able to suggest a Elmers End conveyancing firm that is on the conveyancing panel for your lender.
I purchased a freehold premises in Elmers End but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Elmers End and has limited impact for conveyancing in Elmers End 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 generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Our mortgage company has suggested solicitors on their panel based in Elmers End but I would rather choose a conveyancing lawyer in Elmers End or nearer to where I live. Are you able to help?
It is by no means the case that all Elmers End conveyancing practitioners are approved and listed on all banks conveyancing panel. Do make use of our find an approved solicitor tool to identify a Elmers End conveyancing firm on the on the mortgage company panel.
The deeds to our property can not be found. The solicitors who did the conveyancing in Elmers End 10 years ago are no longer around. Will I be able to sell the house?
In today’s world there are duplicates made of almost everything, and your conveyancer should be aware exactly where to look for all the suitable paperwork so you may purchase or sell your property without any difficulty. If copies can’t be found, your lawyer may be able to put in place insurance or indemnities protecting you against possible claims on the property.
Should I be concerned by third parties that I am dealing with are encouraging me to use an online conveyancing firm rather than a High Street Elmers End conveyancing company?
As with many service providers, often suggestions from relatives can be most helpful. But there are lots of players in a conveyancing transaction; estate agents, financial adviser and mortgage companies may suggest lawyers to retain. Sometimes the lawyers might be known to one of the organisations as being good in their field, but sometimes there is an underlying financial incentive behind the recommendation. You are at liberty to choose your preferred lawyer. Don't forget that most lenders specify a panel list of law firms you must use for the mortgage related work in your transaction.
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Elmers End. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Elmers End conveyancing firm who can help.
An example of a Lease Extension decision for a Elmers End premises is Flats 55, 67 & 70 Melbourne Court Anerley Road in July 2013. The tribunal calculated that the premium for the extended lease at £48,366.00 for at 55, and £88,329.00 for ats 67 and 70 combined. This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 26.38 years.
What makes a Elmers End lease defective?
Leasehold conveyancing in Elmers End is not unique. All leases are drafted differently and drafting errors can sometimes mean that certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:
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Clauses dealing with recovering service charges for expenditure on the building or common parts. A provision to repair to or maintain elements of the building
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Virgin Money, and Barclays Direct all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to grant the mortgage, forcing the buyer to pull out.