I have a renovated Georgian property in Enfield. Conveyancing practitioner acted for me and Barnsley Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You need to assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Enfield and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing practitioner who conducted the purchase.
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Enfield I like with a park and station in the vicinity, however it's only got 52 years unexpired on the lease. I can't really find anything else in Enfield for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage that many years will likely be an issue. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Hoping to buy a property located in Enfield and I am already nervous. I couldn't find anything specific about Enfield. Conveyancing will be needed in due course but do you know about the Enfield area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Enfield. In the meantime here are some basic statistics that we found
My brother has recommend that I appoint his conveyancing solicitors in Enfield. Do I take his guidance?
Much as we are happy to recommend a Enfield conveyancing lawyer the best way to find a conveyancing practitioner is to get feedback from friends or family who have used the firm you're are thinking of instructing.
I own a leasehold flat in Enfield. Conveyancing and Barclays Direct mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1997. The conveyancing practitioner in Enfield who previously acted has long since retired. Do I pay?
First make enquiries of HMLR to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Enfield conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I inherited a ground floor flat in Enfield. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
You certainly can. We can put you in touch with a Enfield conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Enfield flat is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case was in relation to 1 flat. The unexpired term as at the valuation date was 81.79 years.
My step-son is embarking on her first house purchase, he had his mortgage in principle. After the offer was accepted on flat we telephoned the bank to move forward with his. I was very surprised to learn that banks do not accept all conveyancer, they need to be on their approved list, is this legal?
Lenders tend to imposes restrictions either the type or the number of conveyancing firms on their approved list of lawyers. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Enfield lawyer on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Presumably not.