Can the conveyancing practitioners that you recommend handle right to buy conveyancing in Friern Barnet?
We work with plenty of conveyancing lawyers carrying out right to buy conveyancing work You should e-mail us with a view to get a conveyancing quote.
Can I use your services to find a Conveyancing solicitor in Friern Barnet even where I’m not buying or disposing of a house, for instance if I intend to acquire a shop in Friern Barnet with a loan from Norwich and Peterborough Building Society?
Our comparison service is primarily used to locate residential conveyancing solicitors in Friern Barnet but we have listed at the bottom of this page some Friern Barnet commercial conveyancing firms. You should enquire with the company directly to check if they are also authorised to represent Norwich and Peterborough Building Society
It has been four months since my purchase conveyancing in Friern Barnet concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a ground for flat up to £305k and found one close by in Friern Barnet I like with a park and transport links nearby, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Friern Barnet for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years 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 speak to your conveyancing solicitor regarding this matter.
Am I right to be wary that estate agents that I am dealing with are recommending a national conveyancing firm rather than a High Street Friern Barnet conveyancing company?
As is the case with many service providers, often input from connections can be worth their weight in gold. But there are lots of parties with a keen interest in a conveyancing matter; estate agents, financial adviser and banks may suggest solicitors to use. Sometimes the lawyers might be known to one of the organisations as being good in their field, but sometimes there behind the scenes commercial relationship behind the recommendation. You are free to choose your preferred lawyer. Don't forget that the majority of banks operate an approved list of conveyancers you must use for the mortgage related work in your conveyancing.
I am looking at a couple of apartments in Friern Barnet both have about 50 years remaining on the lease term. should I be concerned?
There are no two ways about it. A leasehold apartment in Friern Barnet is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it adversely affects the value of the property. The majority of purchasers and mortgage companies, leases with less than eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Friern Barnet conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I am the registered owner of a second floor flat in Friern Barnet. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
Most definitely. We are happy to put you in touch with a Friern Barnet conveyancing firm who can help.
An example of a Lease Extension decision for a Friern Barnet flat is 34 Poplar Grove in June 2013. The Tribunal directed that the premium for the lease extension should be in the sum of £10,250. This case related to 1 flat.