Me and my brother have a semi-detached Victorian property in Perivale. Conveyancing solicitor represented me and . I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold with the exact same address. Is it worth asking to clarify?
You should assess 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 Perivale and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing lawyer who carried out the work.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Perivale. Conveyancing is daunting 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.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Perivale
-
Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
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.
Please supply a car parking plan.
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I decided to have a survey completed on a property in Perivale prior to appointing solicitors. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies may not grant a mortgage on this type of property.
It depends who your proposed lender is. Lloyds has different instructions from Nationwide. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Perivale. Conveyancing will be smoother if you use a solicitor in Perivale especially if they regularly deal with such properties in Perivale.
I acquired a 1st floor flat in Perivale, conveyancing having been completed 1995. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Perivale with over 90 years remaining are worth £165,000. The ground rent is £45 per annum. The lease runs out on 21st October 50
With just 50 years remaining on your lease we estimate the price of your lease extension to span between £36,100 and £41,800 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.
Me and my husband are selling a Perivale bungalow left to us ten years ago in 2010. I have over ten years conveyancing experience and, although retired, intend to do my own conveyancing. The purchaser's has informed me that their mortgage company will not allow to do our own conveyancing requiring the funds to be passed via a solicitor's bank account.
Lending requirements to from all CML members specify that If the vendor is not legally represented the purchaser’s lawyers should check whether the mortgage company needs to be told so that a decision can be made as to whether or not they are prepared to progress.