Is there a reason why leasehold purchase conveyancing in Meir is more expensive?
Meir leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Have purchased a a detached house in Meir , What is the estimated time for the Land Registry to deal with the formalities evidencing my ownership? My Meir conveyancing solicitor works at snail pace, so I want to be certain the post completion formalities are addressed.
There is nothing unique when it comes to conveyancing in Meir registration formalities. Rather than based on location, timeframes can adjust subject to the party submitting the application, whether there are errors and whether the Land registry must send notices to any other parties. Currently approximately three quarters of submission are completed within two weeks but occasionally there can be protracted hold-ups. Registration takes place once the purchaser is living at the premises thus an expedited registration is not usually an essential issue yet where there is a degree of urgency associated with the registration then you or your lawyers must communicate with the Registry to express the reasoning for an expedited registration.
Due to the guidance of my in-laws I had a survey completed on a house in Meir prior to instructing lawyers. I have been advised that there is a flying freehold overhang to the house. My surveyor has said that some mortgage companies will not grant a mortgage on this type of premises.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Meir. Conveyancing may be slightly more expensive based on your lender's requirements.
What does commercial conveyancing in Meir cover?
Commercial conveyancing in Meir incorporates a broad range of guidance, supplied by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
My wife and I purchased a leasehold flat in Meir. Conveyancing and Bank of Ireland mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Meir who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to make sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to instruct a Meir conveyancing lawyer to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
Leasehold Conveyancing in Meir - Sample of Queries before Purchasing
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What prohibitions exist in the Meir Lease? Is there a share of the freehold?
What can I do where I am unhappy with the solicitor who handled my conveyancing in Meir?
Occasionally the level of service you receive is not as you expect, and unfortunately occasionally matters do not go as planned. Nevertheless there is recourse if you were unhappy with your conveyancing in Meir. This varies from trying to resolve matters directly with them, through to reporting a solicitor to their regulator. If you remain aggrieved you may consider getting in touch with the Legal Ombudsman.