We were just about to sign contracts for a leasehold flat in South Harrow. We have hit a snag. Our loan offer with Barnsley Building Society runs out on 14/2/2019 but the owners are insisting on a completion date of 18/2/2019. Is it possible to prolong the mortgage expiry date?
The best person to deal with your concern is your conveyancer who should determine if he or she is should be discussing with the mortgage broker, vendor’s lawyers, estate agents or possibly all three taking into account the circumstances your conveyancing to date.
Should commercial conveyancing searches reveal planned roadworks that may affect a commercial estate in South Harrow?
Its becoming the norm that commercial conveyancing solicitors in South Harrow will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in South Harrow. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South Harrow.
For every commercial conveyancing transaction in South Harrow it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately can cause delays to South Harrow commercial conveyancing transactions as well as present a risk to future plans for the site. These searches are not ordered for domestic conveyancing in South Harrow.
Due to the guidance of my in-laws I had a survey completed on a property in South Harrow ahead of instructing solicitors. I have been told that there is a flying freehold element to the property. My surveyor advised that some banks tend refuse to issue a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in South Harrow. Conveyancing may be slightly more expensive based on your lender's requirements.
How easy is it to use the search facility to find a conveyancing practitioner in South Harrow on the approved list for my lender?
First choose a lender such as Yorkshire Building Society, The Mortgage Works or Clydesdale then specify your location for example South Harrow. Conveyancing firms in South Harrow and nationally should be listed.
I have just started marketing my 2 bed flat in South Harrow. Conveyancing is yet to be initiated, but I have just had a yearly maintenance charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as usual given that all rents and service charges should be allotted 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.
After months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in South Harrow. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We are happy to put you in touch with a South Harrow conveyancing firm who can help.
An example of a Lease Extension case for a South Harrow property is GFF 1 Holyrood Avenue in May 2014. The Tenant wished to acquire a new (extended) lease and applied to the Willesden County Court who granted a vesting order on 20* March2013. The Tribunal decied that the premium to be paid was £9,062 This case affected 1 flat. The remaining number of years on the lease was 79 years.