Me and my fiancee are buying our first home. Our solicitor has messagedto enquire if we want to purchase supplemental conveyancing searches. As novices we have no idea as to what's necessary for conveyancing in North Finchley
The range of North Finchley conveyancing searches should be triggered based primarily on the property, the location, the likelihood of any of these risks, your familiarity of the locality and risks, your general approach to risk. What is important is that you adequately comprehend what information the searches could give you. You may then decide if you personally think you need that search. If in doubt, ask the property lawyer to recommend.
I purchased a freehold premises in North Finchley yet charged rent, why is this and what is this?
It is rare for properties in North Finchley and has limited impact for conveyancing in North Finchley 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 establishment of fresh rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be extinguished.
I used Action Conveyancing a few years ago for my conveyancing in North Finchley. Now, I need my documents however the law firm has closed. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in North Finchley of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build apartment in North Finchley. 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 legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in North Finchley
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply 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 completed on a house in North Finchley ahead of retaining solicitors. I have been informed that there is a flying freehold element to the property. My surveyor advised that some mortgage companies will not issue a loan on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in North Finchley. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in North Finchley to see if the conveyancing will be more expensive.
I need to appoint a conveyancing solicitor for sale conveyancing in North Finchley. I've land on a web site which appears to be the perfect answer If there is a chance to get all this stuff done via email that would be ideal. Should I 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?