IfI were to acquire a simple residential housein Mitcham Junction for cash and have no survey and no local authority searches how much could I expect to to save on my conveyancing in Mitcham Junction?
Any savings you would achieve would be isolated to the Mitcham Junction conveyancing searches. A conveyancer still be obliged to do everything else - money laundering, correspond with your sellers conveyancing practitioner, SDLT return, register the property etc. A marginal saving might be made by not having to register a charge however it won't be meaningful.
My wife and I own a semi-detached Edwardian house in Mitcham Junction. Conveyancing lawyer acted for me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the matching property. I thought I was buying a freehold how can I check?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Mitcham Junction and other areas of 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 enquire as to the situation with your conveyancing lawyer who conducted the work.
I am looking for a flat up to £235,500 and identified one near me in Mitcham Junction I like with open areas and railway links nearby, the downside is that it only has 61 years unexpired on the lease. There is not much else in Mitcham Junction suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I am selling my home. My former lawyers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Mitcham Junction if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Mitcham Junction. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I own a leasehold house in Mitcham Junction. Conveyancing and Yorkshire Building Society 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 demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Mitcham Junction who previously acted has now retired. Do I pay?
First make enquiries of the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to incur the fees of a Mitcham Junction conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. 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.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Mitcham Junction conveyancing firm to act on my behalf?
You certainly can. We can put you in touch with a Mitcham Junction conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Mitcham Junction premises is 50 & 52 Southcroft Road in September 2013. The tribunals own valuation determined that the premium payable should be £29,000 This case affected 2 flats. The unexpired term as at the valuation date was 86.11 and 60.64.
My husband and I are buying a three room ground floor flatin Mitcham Junction with a residential mortgage from a lender. We like our conveyancer in Mitcham Junction but our mortgage company inform us now that he's not approved on their "panel". We have to appoint one of the our bank panel firms or keep our Mitcham Junction conveyancer and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that our lender use our Mitcham Junction lawyer?
Unfortunately,no. The bank mortgage issued is subject to its terms and conditions, one of which will be that solicitors will on the lender's conveyancing panel. Until recently, most lenders had open panels, including many conveyancing solicitors in Mitcham Junction : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your lender.