My wife and I purchased a renovated Victorian house in Freezywater. Conveyancing solicitor represented me and Barclays . I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the matching property. Is it worth asking Barclays to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Freezywater and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing lawyer who conducted the conveyancing.
I'm purchasing my first flat in Freezywater with a loan from Godiva Mortgages Ltd. The developers would not reduce the amount so I negotiated 6k of extras instead. The house builders rep told me not reveal to my solicitor about the side-deal as it could adversely affect my loan with Godiva Mortgages Ltd. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one round the corner in Freezywater I like with amenity areas and transport links nearby, however it only has 51 years unexpired on the lease. There is not much else in Freezywater suitable, so just wondered if I would be making a mistake purchasing a short lease?
If you need a mortgage the shortness of the lease will likely be problematic. Discount the price by the anticipated 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 could 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 consult your conveyancing lawyer about this matter.
Having had my offer accepted I require leasehold conveyancing in Freezywater. Before I get started I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and most are in Freezywater - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
After months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Freezywater. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We can put you in touch with a Freezywater conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold case for a Freezywater premises is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case was in relation to 2 flats. The unexpired term as at the valuation date was 80.01 years.
Do online conveyancing companies undertake everything a local Freezywater solicitor does or must I use a solicitor for the final stages for my conveyancing in Freezywater?
If you use an online conveyancer they will cover all the work your Freezywater solicitor would cover.