I am soon to complete on the purchase of a house in Maida Vale but as a result of damage from the recent storms I have managed to agree compensation from the seller of £2k taking the form of a adjustment in the price. I had intended this to be dealt with as part of amending the contract yet Co-operative are not allowing this. Why were they notified?
Your conveyancer that is on a Co-operative approved list is duty bound to disclose to Co-operative of any amendments to the sale price. If you prohibit your conveyancer to notify the reduction to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new lawyer for your conveyancing in Maida Vale.
As someone unfamiliar with the Maida Vale conveyancing process what’s the number one tip you can give me concerning the house moving process in Maida Vale
You may not hear this from too many lawyers but conveyancing in Maida Vale or throughout England and Wales is an adversarial process. Put another way, when it comes to conveyancing there exists plenty of opportunity for confrontation between you and other parties involved in the ownership transfer. For instance, the vendor, selling agent and sometimes the bank. Choosing a law firm for your conveyancing in Maida Vale is a critical decision as your conveyancer is your adviser, and is the ONE party in the transaction whose role it is to protect your best interests and to keep you safe.
We are witnessing a distinct ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. You your first instinct should be to trust your solicitor ahead of all other players in the conveyancing process.
I've recently found out that there is a flying freehold element on a property I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Maida Vale is where the house is located. What do you suggest?
Flying freeholds in Maida Vale are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Maida Vale you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maida Vale 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 residence.
I was advised by three or four local property agents in Maida Vale to select a conveyancer using your seach tool. What’s the financial incentive for Estate Agents to market your site over another?
We don’t give any referral fee for sending work to this site. We thought it would be too underhand a fee because a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Having had my offer accepted I require leasehold conveyancing in Maida Vale. Before diving in I want to be sure as to the remaining lease term.
Assuming the lease is recorded at the land registry - and 99.9% are in Maida Vale - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Maida Vale conveyancing firm to help?
Most certainly. We are happy to put you in touch with a Maida Vale conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Maida Vale premises is 4 & 4A Charteris Road in June 2009. the Tribunal held that the price to be paid for the enfranchisement of 4/4a Charteris Road to be £15,510 for at 4and £15,694 for at 4a This case related to 2 flats. The unexpired term was 70.02 years.