My wife and I are soon to exchange buying a property in Radlett but as a result of wreckage from a small fire at the property I have was able negotiate compensation from the current proprietors of six thousand pounds in the form of a adjustment in the price. This was going to be addressed as part of the conveyancing process but Santander are not allowing this. Should they have been informed?
The property lawyer that is on a Santander approved list is obliged to advise Santander of any amendments to the sale price. If you prohibit your solicitor to report the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new property lawyer for your conveyancing in Radlett.
Are there restrictive covenants that are commonly identified as part of conveyancing in Radlett?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Radlett. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, chain free conveyancing. Radlett is where the house is located. Is there any guidance you can impart?
Flying freeholds in Radlett are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Radlett you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Radlett may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
We're new on the property ladder - had an offer accepted, yet the agent informed us that the vendor will only move forward if we use their recommended conveyancers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a high street solicitor accustomed to conveyancing in Radlett
It is unlikely the vendors are driving this. If they require ‘a quick sale', turning down a genuine buyer is going to damage their objectives. Speak to the vendors direct and make sure they comprehend that (a)you are genuine buyers (b)you are excited to move forward, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you intend to appoint your own,trusted Radlett conveyancing firm - as opposed tothe ones that will earn their estate agent a commission or achieve conveyancing figures demanded by HQ.
I today plan to offer on a house that appears to tick a lot of boxes, at a great price which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Radlett. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
The majority of houses in Radlett are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Radlett so you should seriously consider looking for a Radlett conveyancing solicitor and be sure that they are used to dealing with leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a leaseholder you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’spermission to carry out changes to the property. 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 lawyer will appraise you on the various issues.
After years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Radlett. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We are happy to put you in touch with a Radlett conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Radlett residence is 42 Churchill Road in March 2013. The Tribunal determined that the price payable in respect of the acquisition of the freehold of the property as required under the terms of the Court Order dated 21 December 2012, is£26,958 This case affected 1 flat.
I pay a service charge for my ground floor flat in Radlett. As a result of flawed financial planning I fell into arrears with payments. The management company agreed a payment plan but there remains three grand left to be paid.
I now wish to dispose of the property and I am nervous that this can jeopardize the sale if I have to settle the amount due first. I'd like to sell up and then pay them back with the proceeds - is this practicable?
You should clarify with the solicitor carrying out your Radlett conveyancing but it may be possible to agree for the outstanding amount to be attributed to the buyers. The purchase price payable would be adjusted to reflect the amount of debt they take on. They would then deal with the arrears once they are the owners.