It is 10 years ago since I acquired my house in London Colney. Conveyancing lawyers have just been instructed on the sale but I can't find the deeds. Will this jeopardise the sale?
Don’t worry too much. First the deeds may be retained by the mortgage company or they could be in the possession of the solicitor who acted in the purchase. Secondly in all probability the land will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining current official copies of the land registers. The vast majority of conveyancing in London Colney involves registered property but in the rare situation where your home is unregistered it is more problematic but is resolvable.
I have an AIP. The bank mentioned the loan came with free conveyancing. Is the implication that I have to instruct their panel conveyancer as I would much rather appoint a London Colney based conveyancing firm?
You should check but the the likelihood is that appoint one of their panel lawyers where you want the "fee-free" incentive. Contact the bank and determine if they make available a monetary alternative. Some banks have previously offered a £250 cashback as a further option in which case that money can go towards your preferred conveyancing solicitor near London Colney.
Just had an offer accepted on a new build apartment in London Colney. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in London Colney
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Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan.
Hoping to buy a property located in London Colney and I am already nervous. I couldn't find anything specific about London Colney. Conveyancing will be needed in due course but do you know about the London Colney area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at London Colney. In the meantime here are some basic statistics that we found
There are only 68 years unexpired on my flat in London Colney. I now wish to extend my lease but my landlord is absent. What are my options?
If 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 extended by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the freeholder. For most situations an enquiry agent would be helpful to carry out a search and to produce a report which can be accepted by the court as evidence that the freeholder can not be located. It is wise to seek advice from a solicitor both on devolving into the landlord’s disappearance and the vesting order request to the County Court covering London Colney.
I purchased a 1st floor flat in London Colney, conveyancing was carried out in 2002. How much will my lease extension cost? Corresponding flats in London Colney with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced every year. The lease ceases on 21st October 2088
With only 62 years remaining on your lease the likely cost is going to span between £17,100 and £19,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
I have just started marketing my garden flat in London Colney.Conveyancing has not commenced however I have just had a yearly service charge demand – should I leave it to the buyer to sort out?
It best that you pay the maintenance contribution as usual because all ground rent and service payments should be allottedon completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially