Having sold my house in Gunnersbury last October yet the purchaser is texting every few hours to moan that their lawyer is waiting to hear from mine. What are the post completion sale legalities now that I have sold?
Following your house sale your conveyancer should send the transfer deeds and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer should also send confirmation that the mortgage has been redeemed to the buyers solicitors. There are no post completion tasks unique to conveyancing in Gunnersbury.
I have been told that property searches are the main reason for hinderance in Gunnersbury house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the findings of a review by MoveWithUs that conveyancing searches do not feature amongst the top 10 causes of delays in the conveyancing process. Searches are not likely to be the root cause of holding up conveyancing in Gunnersbury.
I purchased a renovated Edwardian property in Gunnersbury. Conveyancing lawyer represented me and Nationwide 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 property. I'd like to know for sure, how can I find out??
You should read 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 Gunnersbury and other locations in 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 question the situation with the conveyancing practitioner who conducted the work.
My company is intending to lease a unit on the high street. Can you recommend lawyers offering fixed fees for non-domestic conveyancing in Gunnersbury for less than 2k?
We can recommend firms who have specialist knowledge of commercial conveyancing in Gunnersbury, including the sale and purchase of businesses as well as simply premises. Whether you are hoping to acquire or sell a shop, pub, restaurant, office, retail unit or a complete business we can put you in touch with the right firm. Regarding the fees these will vary based on the structure and complexity of the deal. Please provide us with your details or call so as to enable us to supply you with comprehensive commercial conveyancing calculation.
I am looking at a two maisonettes in Gunnersbury both have in the region of 50 years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease shortens the value of the lease decreases and it becomes more expensive to extend the lease. This is why it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a protracted process. We advise that you get professional assistance from a solicitor and surveyor with experience in this field.
I inherited a two-bedroom flat in Gunnersbury. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?
if there is a missing landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the amount due.
An example of a Freehold Enfranchisement matter before the tribunal for a Gunnersbury residence is 169 Southfield Road in September 2013. the tribunal decided that the premium to be paid in respect of the collective enfranchisement should be £51,203 This case affected 2 flats. The unexpired lease term was 64.64 years.
We are midway through buying a property in Gunnersbury. Conveyancing solicitor has called to say the property is "Leasehold". Does this impact our mortgage valuation?
Gunnersbury conveyancing does not usually involve leasehold houses. The crucial factor here is the remaining lease term and the ground rent. If it's 999 years with a peppercorn rent, it's virtually freehold, so it shouldn't impact the value too much.
On the flip side, if it's, say, fifty five years it is bound to have a significant impact on the saleability, and probably wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease which should be made available to your property lawyer.