My wife and I are looking to purchase a home in Motspur Park and are in fact using a Motspur Park conveyancing firm. Within the past 48 hours our solicitor has sent a preliminary report and documents to look through in anticipation of exchanging contracts shortly. Barclays Direct have this evening contacted us to inform me that there is now an issue as our Motspur Park conveyancer is not on their approved list of lawyers. Is this a problem?
Where you are buying a property with the assistance of a mortgage it is normal for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the bank's conveyancing panel as you are at liberty to use your preferred Motspur Park lawyers, in which case your legal fees may increase, and it may delay matters as you have another set of people involved.
Over the last few months I have been searching for a ground for flat up to £305k and identified one near me in Motspur Park I like with a park and railway links in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Motspur Park suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a home loan that many years will be a potential deal breaker. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
I am downsizing from my house. My past lawyers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Motspur Park if that affects matters.
You should use our search tool to help you choose a solicitor for your conveyancing in Motspur Park. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My step-father has urged me to appoint his conveyancing solicitors in Motspur Park. Do I follow his advice?
Much as we are happy to recommend a Motspur Park conveyancing lawyer the best way to select a conveyancing practitioner is to have referrals from friends or family who have previously instructed the solicitor that you are contemplating using.
Back In 2000, I bought a leasehold house in Motspur Park. Conveyancing and Skipton Building Society mortgage are in place. I have received a letter from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1994. The conveyancing solicitor in Motspur Park who previously acted has now retired. What should I do?
The first thing you should do is contact HMLR to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. You do not need to instruct a Motspur Park conveyancing lawyer to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Motspur Park conveyancing firm to act on my behalf?
Where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to calculate the price payable.
An example of a Lease Extension matter before the tribunal for a Motspur Park property is 33 The Maisonettes Alberta Avenue in June 2014. the Tribunal decided that the premium payable for the grant of a new lease be the sum of £20,680 (Twenty Thousand six hundred and eighty pounds). This case was in relation to 1 flat. The unexpired term as at the valuation date was 60.43 years.