I am not well enough to travel far from Mill Hill. I would like to know the reason why all Mill Hill lawyers are not on all bank panels?
Lenders point to the fact that solicitor-led fraud is thought to be responsible for millions of pounds of fraud annually.The dismissal of law firms from lender panels started with the rise in mortgage fraud, which prompted a thematic review by the Financial Services Authority in 2011. Its outcome included recommendations for lending institutions to review their conveyancing panels, which triggered a major policy change in the sector. This led to lenders pruning less reputable firms off their panel of approved property lawyers .
I have given 8 weeks notice to my current landlord and have to be out of my rented property in Mill Hill by 14/2/2025. Conveyancing on my purchase has just started. Can I complete in three weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not provide notice on a rental until exchange of contracts has taken place. Assuming that you have not already done so, update to your conveyancer and ask them to they seek the assistance the sellers lawyers, try to get a realistic time scale from them that all parties will look to achieve
I own a freehold property in Mill Hill yet charged rent, why is this and what is this?
It’s unusual for properties in Mill Hill and has limited impact for conveyancing in Mill Hill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
A friend recommended that if I am purchasing in Mill Hill I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is sometimes included in the estimate for your Mill Hill conveyancing searches. It is a large report of more than thirty pages, listing and detailing significant information about Mill Hill around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful information about Mill Hill.
I need to retain a conveyancing solicitor for leasehold conveyancing in Mill Hill. I happened to land on a web site which seems to have the ideal offering If there is a chance to get all formalities completed via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable figure which is making it all the more appealing. I have just been informed that it's a leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Mill Hill. Conveyancing advisers have are about to be appointed. Will my lawyers set out the risks of buying a leasehold house in Mill Hill ?
Most houses in Mill Hill are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are purchasing in Mill Hill in which case you should be shopping around for a Mill Hill conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’spermission to carry out changes to the property. You may also be required to pay a maintenance charge towards the maintenance of the estate where the property is located on an estate. Your conveyancer should advise you fully on all the issues.
I am the leaseholder of a basement flat in Mill Hill. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
You certainly can. We can put you in touch with a Mill Hill conveyancing firm who can help.
An example of a Lease Extension decision for a Mill Hill flat is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case affected 1 flat. The unexpired term was 71.73 years.