We hired a high street lawyer for my conveyancing in South Oxhey recently. Reviewing the official terms of business I seeI am liable for costs even where the conveyance does not complete. Should I go with them or appoint a web based conveyancing brokerage who offer no move no charge conveyancing in South Oxhey?
It is usually a trade off in that if "No Sale No Fee" is advertised then the fee levels will generally be more expensive to offset those transactions that do not proceed. Also remember that these promotions tend not to cover outlay such your South Oxhey conveyancing search charges.
My partner and I are nearing an exchange on a flat in South Oxhey and my parents have sent the ten percent deposit to my conveyancer. I am now told that as the deposit has not arrived from me my property lawyer needs to make a notification to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really appropriate for this now to delay the deal?
The solicitor is duty bound to check with mortgage company to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
Are there restrictive covenants that are commonly identified during conveyancing in South Oxhey?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in South Oxhey. 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…’
I opted to have a survey carried out on a property in South Oxhey prior to instructing lawyers. I have been told that there is a flying freehold overhang to the house. My surveyor has said that some lenders tend not issue a loan on a flying freehold house.
It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. If you call us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in South Oxhey. Conveyancing will be smoother if you use a solicitor in South Oxhey especially if they are accustomed to such properties in South Oxhey.
How do I use the search tool to select a conveyancing solicitor in South Oxhey on the panel for my mortgage?
1st pick a lender such as National Westminster Bank, Leeds Building Society or Aldermore then specify your preferred area e.g. South Oxhey. Conveyancing firms in South Oxhey and further afield will then be listed.
I own a leasehold flat in South Oxhey. Conveyancing and Norwich and Peterborough Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in South Oxhey who acted for me is not around. What should I do?
First contact the Land Registry to be sure that this person is in fact the new freeholder. It is not necessary to incur the fees of a South Oxhey conveyancing firm to do this as it can be done on-line for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Having spent months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in South Oxhey. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee landlord or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension case for a South Oxhey premises is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The number of years remaining on the existing lease(s) was 71 years.