Me and my brother own a 4 bedroom Georgian property in Willesden. Conveyancing practitioner acted for me and Barclays . I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should read 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 Willesden and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with your conveyancing solicitor who conducted the conveyancing.
How does conveyancing in Willesden differ for new build properties?
Most buyers of new build residence in Willesden come to us having been asked by the developer to exchange contracts and commit to the purchase even before the house is ready to move into. This is because house builders in Willesden typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Willesden or who has acted in the same development.
Due to the guidance of my in-laws I had a survey completed on a property in Willesden ahead of instructing solicitors. I have been told that there is a flying freehold aspect to the house. The surveyor has said that some banks will not give a mortgage on such a house.
It depends who your proposed lender is. Bank of Scotland has different requirements for example to Birmingham Midshires. If you call us we can check with 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 Willesden. Conveyancing will be smoother if you use a solicitor in Willesden especially if they are accustomed to such properties in Willesden.
I need to retain a conveyancing solicitor for leasehold conveyancing in Willesden. I have discover a site which seems to have the perfect offering If it is possible to get all formalities completed via web that would be preferable. Should I be concerned? 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?
Looking forward to complete next month on a basement flat in Willesden. Conveyancing lawyers assured me that they report fully on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Willesden should include some of the following:
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The physical extent of the premises. This could be the property itself but may incorporate a roof space or storage are if applicable. What you can do if an adjoining owner breaches a clause of their lease? Responsibility for repairing the window frames Advice as to the provision in the lease to to contribute towards maintenance costs - with regard to both the building, and the more general rights a leaseholder has Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice?
After months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Willesden. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to judgment on the premium.
An example of a lease Extension case for a Willesden residence is First Floor Flat 47 Huddlestone Road in December 2010. the Tribunal a valuation of £13,000 for a lease extension having been asked to consider the premium following a vesting order being granted by Willesden County Court On 14th September 2009 This case was in relation to 1 flat. The unexpired term was 71.87 years.
Can you please explain what my options are if my Willesden conveyancing searches reveals negative entries?
Usually, most concerns arising from Willesden conveyancing search responses can be handled prior to completion or indemnity insurance may be put on cover. It is important to note that even though you are buying the property and might be willing to live with the search results, your mortgage lender may not, and ultimately have the final decision.