Unfortunately I am unable to travel far from Bloomsbury. I would like to know the logic why all Bloomsbury solicitors aren't included on all lender panels?
Even though it may seem unfair for banks to restrict who can act for them, from the public’s or conveyancer’s perspective, the the contrary view is that lenders are increasingly anxious and feel it crucial to protect them from illegal activities. As a result of this concern mortgage companies are limiting their conveyancing panel to a size that they are happy to control.
As someone unfamiliar with conveyancing in Bloomsbury what is the number one tip you can give me for the legal transfer of property in Bloomsbury
You may not hear this from too many lawyers but conveyancing in Bloomsbury or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there is lots of opportunity for confrontation between you and other parties involved in the legal transfer of property. For instance, the vendor, property agent and on occasion the mortgage company. Selecting a lawyer for your conveyancing in Bloomsbury is a critical decision as your conveyancer is your adviser, and is the SOLE party in the transaction whose role it is to look after your best interests and to keep you safe.
We are witnessing a worrying ongoing adversarial element to conveyancing- someone must be blamed for the process being so protracted. We recommend that you must always trust your conveyancer above all other parties when it comes to the legal assignment of property.
I require quick conveyancing in Bloomsbury as I am under an ultimatum to complete in less than 4 weeks. A home loan is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a cash purchaser you are at free not to have searches conducted although no conveyancer would advise that you don't. With plenty of history conveyancing in Bloomsbury the following are examples of issues that can crop up and adversely impact future mortgageability: Refused Planning Applications, Overdue Charges, Outstanding Grants, Unadopted Roads,...
I am looking for a flat up to £235,500 and identified one round the corner in Bloomsbury I like with amenity areas and railway links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Bloomsbury for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I own a leasehold flat in Bloomsbury. Conveyancing and Barnsley Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. Attached was a ground rent demand for rent dating back to 1992. The conveyancing solicitor in Bloomsbury who previously acted has long since retired. Any advice?
The first thing you should do is make enquiries of HMLR to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Bloomsbury conveyancing practitioner to do this as it can be done on-line for £3. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
My wife and I have hit a brick wall in negotiating a lease extension in Bloomsbury. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We are happy to put you in touch with a Bloomsbury conveyancing firm who can help.
An example of a Lease Extension case for a Bloomsbury flat is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case related to 1 flat. The number of years remaining on the existing lease(s) was 66.8 years.