My wife and I are about to complete buying a house in Totteridge but as a result of wreckage from the recent storms I have managed to agree recompense from the current proprietors in the sum of £3k by way of a reduction in the price. This was going to be dealt with as part of a side agreement however Principality will not permit this. Should they have been notified?

The conveyancing practitioner that is on a Principality approved list is obliged to advise Principality of any variations to the purchase price. If you prohibit your conveyancing practitioner to report the reduction to Principality then they would have to discontinue acting for you. In addition, Principality and you would have to appoint a new solicitor for your conveyancing in Totteridge.

My relative suggested that where I am purchasing in Totteridge I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?

This is a search is occasionally included in the estimate for your Totteridge conveyancing searches. It is a large document of more than thirty pages, listing and detailing significant information about Totteridge around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Totteridge Education with maps and statistics, Local Amenities and other useful data concerning Totteridge.

Due to the input of my in-laws I had a survey completed on a property in Totteridge before instructing lawyers. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some banks tend refuse to grant a mortgage on such a house.

It depends who your proposed lender is. Lloyds has different requirements for example to Birmingham Midshires. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Totteridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Totteridge to see if the conveyancing costs will increase in light of this.

My brother has suggested that I use his lawyers for conveyancing in Totteridge. Should I find my own solicitor?

There are no two ways about it the ideal way to find a conveyancing solicitor is to have feedback from friends or relatives who have actually previously instructed the conveyancer that you are are thinking of instructing.

Back In 2003, I bought a leasehold house in Totteridge. 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 1993. The conveyancing solicitor in Totteridge who acted for me is not around. Any advice?

First make enquiries of the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Totteridge conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.

I am the registered owner of a first floor flat in Totteridge. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?

in cases where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to decide the price payable.

An example of a Lease Extension decision for a Totteridge flat is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 76 years.