Is there a reason why leasehold purchase conveyancing in Birchgrove costs more?
Birchgrove leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when buying a house in Birchgrove?
Unless a prior acquisition of the house completed post 12 October 2013 you can take it that conveyancing practitioners conducting conveyancing in Birchgrove to remain encouraging a chancel search and or insurance against a claim.
It has been five months following my purchase conveyancing in Birchgrove completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I opted to have a survey done on a property in Birchgrove prior to appointing conveyancers. I have been told that there is a flying freehold aspect to the property. My surveyor advised that some banks may not give a mortgage on such a house.
It varies from the lender to lender. Santander has different instructions for example to Nationwide. Should you wish to telephone us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Birchgrove. Conveyancing will be smoother if you use a solicitor in Birchgrove especially if they are accustomed to such properties in Birchgrove.
Having checked my lease I have discovered that there are only Sixty One years remaining on my flat in Birchgrove. I now wish to extend my lease but my landlord is can not be found. What should I do?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the magistrate. However, you will be required to demonstrate that you have used your best endeavours to track down the landlord. On the whole a specialist would be helpful to conduct investigations and to produce a report which can be used as evidence that the freeholder can not be located. It is wise to seek advice from a property lawyer both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Birchgrove.
Birchgrove Leasehold Conveyancing - Sample of Questions you should ask before Purchasing
Is there a share of the freehold? What prohibitions are there in the Birchgrove Lease? Is anyone aware of any major works anticipated that could increase the service costs?