Is there a search tool that I can utilise to check that the solicitor carrying out my conveyancing in Covent Garden is on the bank’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus paying £175.00 in further legal bill.

Feel free to take advantage of the find a lender approved solicitor tool on this page. Please choose the mortgage company and type ‘Covent Garden’ or your preferred area and you will discover numerous conveyancers located in Covent Garden or nearest you.

I purchased my home on 13 September and the transaction details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Covent Garden expressed confidence that it would be recorded in less than a month. Are titles in Covent Garden uniquely lengthy to register?

As far as conveyancing in Covent Garden is concerned, registration is no quicker or slower than the rest of England and Wales. As opposed to being determined by geographic area, timeframes can adjust depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any third persons or bodies. At present in the region of 80% of such applications are completed within two weeks but some can be subject to protracted hold-ups. Registration is effected once the buyer has moved in to the premises thus an expedited registration is not always an essential issue yet if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.

I am buying a new build flat in Covent Garden. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Set out below are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Covent Garden

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. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. 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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

I have been on the look out for a flat up to £235,500 and found one round the corner in Covent Garden I like with amenity areas and station nearby, however it only has 61 years on the lease. There is not much else in Covent Garden for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?

If you require a mortgage that many years will be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you could request that they commence the lease extension formalities and pass 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.

I am looking at a two maisonettes in Covent Garden which have about fifty years unexpired on the leases. Do I need to be concerned?

A lease is a legal document that entitles you to use the premises for a period of time. As a lease shortens the value of the lease deteriorates and results in it becoming more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. It is often difficult to sell a property with a short lease as mortgage lenders may be unwilling to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional help from a conveyancer and surveyor with experience in this area.

I have had difficulty in seeking a lease extension in Covent Garden. Can this matter be resolved via the Leasehold Valuation Tribunal?

if 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 judgment on the price payable.

An example of a Freehold Enfranchisement matter before the tribunal for a Covent Garden property is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case related to 1 flat. The remaining number of years on the lease was 73.26 years.