The conveyancer who dealt with my last purchase has sent a quote for £1700 for leasehold conveyancing in Merton Park. I am selling a Victorian house for £150,000. This sounds over the top. Is it above what I should be paying for conveyancing in Merton Park?
The charges are a little high. If you are content to invest time contrasting fee on a like for like basis you may be able to get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, you couldcome to regret opting for an an unknown solicitor. Don't forget to be sure that the conveyancer can represent your mortgage company. Do utilise our search tool to find a Merton Park conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Merton Park.
It has been three months since my purchase conveyancing in Merton Park took place. 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 property 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.
The estate agent has sent us the confirmation of our purchase of a new build flat in Merton Park. 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.
Here is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Merton Park
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.
I opted to have a survey done on a house in Merton Park before retaining solicitors. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some banks tend refuse to give a loan on such a home.
It depends who your proposed lender is. HSBC has different requirements for example to Birmingham Midshires. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Merton Park. Conveyancing may be slightly more expensive based on your lender's requirements.
I have recently realised that I have 68 years unexpired on my flat in Merton Park. I now want to extend my lease but my freeholder is can not be found. What are my options?
On the basis that 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 lengthened by the magistrate. You will be obliged to demonstrate that you or your lawyers have done all that could be expected to find the freeholder. On the whole an enquiry agent may be useful to carry out a search and to produce an expert document to be used as proof that the freeholder is indeed missing. It is advisable to get professional help from a solicitor in relation to investigating the landlord’s absence and the application to the County Court covering Merton Park.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Merton Park conveyancing firm to represent me?
Where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the premium.
An example of a Lease Extension matter before the tribunal for a Merton Park flat is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case related to 1 flat. The unexpired term as at the valuation date was 62.94 years.
We are about to acquiring a house in Merton Park. Conveyancing is not yet done but we wish to keep our purchase price confidential from the likes of Zoopla. Is this possible and how?
HM Land Registry as a matter of law required to reveal price paid data on the official title for residential properties nationwide including properties in Merton Park. The Title Register is a public document, so HMLR would be breaching their statutory duty if they failed to allow access to the register.
You can ask HMLR to withhold the amount paid entry however the response will be in the negative.