Do I need to take out insurance to cover chancel repairs when purchasing a residence in Moorgate?
Unless a previous purchase of the house took place post 12 October 2013 you can assume that solicitors conducting conveyancing in Moorgate to remain encouraging a chancel search and or chancel repair liability policy.
I have a terraced Edwardian house in Moorgate. Conveyancing practitioner represented me and Barclays . I did a free Land Registry search last week and I saw a couple of entries: the first freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Moorgate and other locations in the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with the conveyancing practitioner who conducted the conveyancing.
The estate agent has sent us the confirmation of our purchase of a new build flat in Moorgate. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Moorgate
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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.
Hoping to buy a property located in Moorgate and I am already nervous. I couldn't find anything specific about Moorgate. Conveyancing will be needed in due course but do you know about the Moorgate area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Moorgate. In the meantime here are some basic statistics that we found
My husband and I are a couple of weeks into a leasehold purchase having been directed to a firm by the selling agent to handle our conveyancing in Moorgate. I am not happy. Could you help me find new lawyers?
A conveyancer would have to be really poor in order to consider replacing them. Has your loan offer been sent? If so you will need to advise them of the new contact details and ensure the offer are re-issued. Your conveyancer needs to be on the banks panel to avoid added charges and frustration. That should be your first question of the new conveyancers. The search tool will help you find a bank approved lawyer for your conveyancing in Moorgate
Having checked my lease I have discovered that there are only 68 years unexpired on my lease in Moorgate. I now want to get lease extension but my landlord is absent. What options are available to me?
If you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the magistrate. However, you will be required to prove that you or your lawyers have used your best endeavours to locate the lessor. For most situations a specialist may be useful to carry out a search and prepare a report which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a property lawyer both on proving the landlord’s disappearance and the vesting order request to the County Court overseeing Moorgate.
I am the proprietor of a second floor flat in Moorgate. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
in cases where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to decide the premium.
An example of a Lease Extension matter before the tribunal for a Moorgate premises is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The unexpired lease term was 72.39 years.