Why is leasehold purchase conveyancing in Blakelaw is more expensive?
Blakelaw leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant 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.
My bid for a property was accepted at auction in Blakelaw. Conveyancing is needed. What happens now?
Given that you have now legally bound yourself to purchase you must instruct a conveyancing lawyer soon as you are facing a pending a drop dead date to complete the conveyancing. An auction property will ordinarily have an associated auction pack. This will likely include most,if not all of the documents that your conveyancer will need. In the case of leasehold premises the auction pack should contain a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation relating to a leasehold property. You must pass this on to the solicitor working for you as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the on the contractual date .
My wife and I purchasing a 3 bedroom semi in Blakelaw. We would like to carry out an extension to the side at the house.Will legal work on the property include checks to determine if these works are permitted?
Your solicitor should review the registered title as conveyancing in Blakelaw will sometimes reveal restrictions in the title documents which prevent categories of changes or need the consent of another owner. Many extensions need local authority planning permissions and approval under the building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
I am selling my apartment. I had a double glazing fitted in May 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Nationwide are being difficult. The Blakelaw solicitor who is on the Nationwide conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Nationwide are requiring a building regulation certificate. Why do Nationwide have a conveyancing panel if they don't accept advice from them?
It is probably the case that Nationwide have referred the matter to their valuer. The reason why Nationwide may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Are there restrictive covenants that are commonly identified as part of conveyancing in Blakelaw?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Blakelaw. 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've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. Blakelaw is the location of the property. Can you offer any guidance?
Flying freeholds in Blakelaw are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Blakelaw you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Blakelaw may decide 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 premises.
I’m about to sell my garden apartment in Blakelaw. Conveyancing is yet to be initiated, however I have recently had a quarterly service charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as usual as all ground rent and service payments should be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a basement flat in Blakelaw, conveyancing was carried out in 2002. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Blakelaw with over 90 years remaining are worth £191,000. The ground rent is £55 invoiced every year. The lease terminates on 21st October 2074
With just 54 years remaining on your lease the likely cost is going to span between £31,400 and £36,200 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.