lenderpanel

Find a Bloomsbury Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Bloomsbury? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Bloomsbury conveyancing at risk of delay or failure.

Only LenderPanel.com provides a subset of authorised Bloomsbury conveyancers for over 130 lenders.


Recently asked questions about conveyancing in Bloomsbury

Have completed on a a detached house in Bloomsbury , how long should it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Bloomsbury conveyancing solicitor works at snail pace, so I want to check the registration formalities are concluded.

As far as conveyancing in Bloomsbury registration is no faster or slower than the rest of England and Wales. Rather than based on location, timeframes can differ according to who lodges the application, whether it is in order and if the Land registry need to notify any other parties. Currently in the region of 80% of submission are completed within two weeks but some can be subject to extensive delays. Historically registration occurs once the buyer has moved in to the premises so 'speed' is not typically top priority yet where it is urgent that the the registration takes place urgently then you or your conveyancer should contact the land registry and explain the circumstances.

I decided to have a survey done on a house in Bloomsbury ahead of retaining lawyers. I have been told that there is a flying freehold aspect to the property. My surveyor has said that some lenders will refuse to give a loan on such a home.

It varies from the lender to lender. Bank of Scotland has different requirements for example to Birmingham Midshires. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bloomsbury. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bloomsbury to see if the conveyancing will be more expensive.

What does commercial conveyancing in Bloomsbury cover?

Commercial conveyancing in Bloomsbury incorporates a wide range of advice, given by regulated solicitors, relating to business property. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.

My partner and I may need to let out our Bloomsbury 1st floor flat for a while due to a new job. We used a Bloomsbury conveyancing firm in 2002 but they have closed and we did not have the foresight to get any advice as to whether the lease prohibits the subletting of the flat. How do we find out?

The lease dictates the relationship between the freeholder and you the flat owner; in particular, it will say if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Bloomsbury do not contain strict prohibition on subletting – such a provision would undoubtedly devalue the property. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a copy of the tenancy agreement.

I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Bloomsbury conveyancing firm to act on my behalf?

Most certainly. We can put you in touch with a Bloomsbury conveyancing firm who can help.

An example of a Lease Extension case for a Bloomsbury property is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case related to 1 flat. The unexpired residue of the current lease was 66.8 years.

When it comes to my conveyancing in Bloomsbury should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee

(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Bloomsbury conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.

Last updated

Find out more about how flying freehold can affect your the value of a property.