Are the BSA planning on creating a searchable register to list firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Euston?
We would not expect to be advised of any intention on the part of the BSA to promote such a register.
It has been three months since my purchase conveyancing in Euston completed. I have checked the Land Registry site which shows that I paid £175,000 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 premises 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Euston before appointing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some lenders may refuse to give a loan on such a premises.
It depends who your proposed lender is. HSBC has different requirements from Halifax. Should you wish to call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Euston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Euston to see if the conveyancing costs will increase in light of this.
My husband and I are novice buyers - agreed a price, yet the agent has warned us that the seller will only move forward if we use their chosen solicitors as they need a ‘quick sale’. My instinct tells me that we should use a family conveyancer who is accustomed to conveyancing in Euston
It is highly unlikely the sellers are driving this. If they require ‘a quick sale', taking such a hostile approach to a motivated buyer is counter productive. Speak to the owners direct and make the point that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to use your preferred Euston conveyancing lawyers - as opposed tothe ones that will earn their negotiator at the agency a referral fee or hit his conveyancing thresholds set by head office.
Harry (my fiance) and I may need to let out our Euston basement flat temporarily due to taking a sabbatical. We instructed a Euston conveyancing practice in 2003 but they have since shut and we did not have the foresight to get any advice as to whether the lease allows us to sublet. How do we find out?
Notwithstanding that your previous Euston conveyancing lawyer is not available you can review your lease to check if it allows you to sublet the property. The accepted inference is that if the lease is non-specific, subletting is allowed. There may be a precondition that you are obliged to seek consent from your landlord or some other party in advance of subletting. This means that you cannot sublet in the absence of prior consent. Such consent should not be unreasonably turned down. If your lease prohibits you from subletting the property you will need to ask your landlord for their consent.
I bought a garden flat in Euston, conveyancing formalities finalised 5 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Euston with an extended lease are worth £176,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2068
With only 50 years remaining on your lease we estimate the price of your lease extension to be between £31,400 and £36,200 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action based on this information without first getting professional advice.