I have just started taking steps with a view to swapping over from my existing standard mortgage to a Buy to Let Skipton Building Society mortgage. The bank has said that I require a lawyer for this. I got in contact with my past Swiss Cottage conveyancing firm who who did the conveyancing when I first bought the house. The quote sent of just over five hundred pounds has shocked me as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate fees appear a bit high. If you are willing to invest time comparing quotes you might decrease the fees slightly by perhaps a hundred pounds. On the other hand, if you were satisfied with the legal work the firm offered you maycome to rue opting for an an unknown conveyancer. Remember to enquire the conveyancer can represent Skipton Building Society. You can use our search tool to select a Swiss Cottage conveyancing firm on the Skipton Building Society approved list of lawyers, which can often include conveyancing solicitors in Swiss Cottage.
Do the conveyancing solicitors that you recommend conduct attended exchange conveyancing in Swiss Cottage?
There are a few conveyancing specialists carrying out personalised exchanges. You should e-mail us to receive a conveyancing quote and details as to dates.
Are there restrictive covenants that are commonly picked up during conveyancing in Swiss Cottage?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Swiss Cottage. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
About to purchase a new build apartment in Swiss Cottage. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Swiss Cottage
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
We expect to complete the sale of our £250,000 garden flat in Swiss Cottage in six days. The management company has quoted £372 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Swiss Cottage?
Swiss Cottage conveyancing on leasehold apartments normally requires the buyer’s solicitor sending enquiries for the landlord to answer. Although the landlord is not legally bound to answer these enquiries the majority will be content to do so. They are at liberty to charge a reasonable administration fee for responding to questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some transactions it exceeds £800. The administration charge required by the landlord must be sent together with a synopsis of entitlements and obligations in respect of administration charges, without which the invoice is technically not due. Reality however dictates that you have little option but to pay whatever is requested of you if you want to exchange contracts with the buyer.
Having spent years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Swiss Cottage. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to make a decision on the sum to be paid.
An example of a Lease Extension decision for a Swiss Cottage residence is Raised Ground Floor Flat 20 Fitzjohns Avenue in July 2014. the Tribunal decided that the premiums to be paid for new leases in respect of the Raised Ground Floor Flat and the First Floor Flat were to be calculated as: Raised Ground Floor: £765,175.14 First Floor: £601,617.77 This case affected 2 flats. The number of years remaining on the existing lease(s) was 16.83 and 16.43.