My wife and I are soon to exchange on the purchase of a house in Fitzrovia but as a consequence of wreckage from some water damage at the property I have was able negotiate compensation from the owner of three thousand pounds in the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process however Kent Reliance will not permit this. Should they have been informed?
The conveyancing practitioner being on the Kent Reliance approved list is obliged to disclose to Kent Reliance of any variations to the sale price. If you were to refuse your solicitor to notify the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new solicitor for your conveyancing in Fitzrovia.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Fitzrovia is the location of the property. Can you shed any light on this issue?
Flying freeholds in Fitzrovia are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fitzrovia you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fitzrovia may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
My husband and I are one month into a residential purchase having been referred to conveyancers by the local agent to handle our conveyancing in Fitzrovia. I am am starting to be frustrated with the quality of service. Could you you assist me in finding new solicitors?
A lawyer would have to be very poor in order to consider changing them. Has your loan offer been generated? If so you must advise them of the replacement conveyancer and get the loan are re-issued. Your conveyancer needs to be on the banks approved list to avoid added expenses and complications. So that should be your first question of the new lawyers. The find a solicitor tool can help you find a lender approved solicitor for your conveyancing in Fitzrovia
I would like to let out my leasehold flat in Fitzrovia. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Your lease governs relations between the landlord and you the flat owner; specifically, it will indicate if subletting is banned, or permitted but only subject to certain caveats. The rule is that if the lease contains no expres ban or restriction, subletting is permitted. Most leases in Fitzrovia do not prevent subletting altogether – such a provision would undoubtedly devalue the property. In most cases there is simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.
I inherited a two-bedroom flat in Fitzrovia. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
if there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to assess the price.
An example of a Freehold Enfranchisement case for a Fitzrovia premises 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 was in relation to 1 flat. The number of years remaining on the existing lease(s) was 73.26 years.
Been searching for a conveyancer for leasehold sale conveyancing in Fitzrovia. I'm selling, simple no mortgage to pay off, no rush, currently empty. Got a quote from a solicitor for £1000 excluding VAT which is a little high considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Fitzrovia?
As it’s a sale only, £450 + VAT should be about the cheapest for sale conveyancing in Fitzrovia.