Me and my fiancee are purchasing our first house. The solicitor has calledto ask if we want to purchase additional conveyancing searches. As novices we are clueless as to what's appropriate for conveyancing in Piccadilly
The quantity and type of Piccadilly conveyancing searches depends entirely on the property, the location, the probability of any of these risks, your familiarity of the region and risks, your overall appetite to risk. What is important is that you adequately appreciate what information the searches could provide. You may then decide if you consider that you need that information. Should you be unsure, ask your lawyer to explain.
We are purchasing a property and require a conveyancing solicitor in Piccadilly who is on the Barclays solicitor panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Piccadilly.
I understand that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a property in Piccadilly? or I am told that there is an ancient law that could mean that homeowners residing in a parish church boundary will be compelled to pay for repairs to the chancel within the church. Is this relevant for conveyancing in Piccadilly?
Unless a previous purchase of the property completed post 12 October 2013 you may assume that solicitors delivering conveyancing in Piccadilly to continue to propose a a chancel search and or insurance against a claim.
Just had an offer accepted on a new build flat in Piccadilly. Conveyancing is a frightening process 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 questions that you should expect your new-build leasehold conveyancing in Piccadilly
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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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I am looking for a ground for flat up to £305k and found one round the corner in Piccadilly I like with a park and transport links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Piccadilly in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan that many years will likely be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of 2 years you may ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
I today plan to offer on a house that appears to be perfect, at a great price which is making it more attractive. I have since found out that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a house with a leasehold title in Piccadilly. Conveyancing advisers have are about to be instructed. Will they explain the issues?
Most houses in Piccadilly are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Piccadilly in which case you should be looking for a Piccadilly conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’sconsent to conduct alterations. You may also be required to pay a service charge towards the upkeep of the estate where the property is part of an estate. Your conveyancer will appraise you on the various issues.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Piccadilly. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or if there is dispute 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 LVT to make a decision on the price.
An example of a Lease Extension decision for a Piccadilly property is Flat 1 3 Upper Belgrave Street in December 2010. The Tribunal determined that the price payablefor the Lease extension in respect of the subject premises was £2,202,007 This case affected 1 flat. The remaining number of years on the lease was 21 years.