My brother-in-law has suggested I instruct a conveyancing solicitor in Seven Kings. I need to find out whether they are accepted on the Bank of Scotland conveyancing panel. Could you or the lender confirm if they are on the panel?
The first thing to do is contact the lawyer and ask them if they are on the lender panel. Alternatively please call Bank of Scotland who may be able to confirm.
Are there restrictive covenants that are commonly identified as part of conveyancing in Seven Kings?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Seven Kings. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a leasehold apartment up to £235,500 and found one round the corner in Seven Kings I like with a park and transport links in the vicinity, however it's only got 49 remaining years left on the lease. I can't really find anything else in Seven Kings suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a home loan that many years will likely be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
I am a sole trader looking to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering fixed charges for commercial conveyancing in Seven Kings for below £1,200?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Seven Kings, including the sale and purchase of businesses as well as simply premises. Whether you are hoping to acquire or lease a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right solicitor. As for the costs this will depend on the structure and complexity of the proposed transaction. Let us have your details or email us so that we can furnish you with comprehensive commercial conveyancing quote.
Looking forward to exchange soon on a garden flat in Seven Kings. Conveyancing lawyers have said that they are sending me a report tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Seven Kings should include some of the following:
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Whether the lease restricts you from renting out the flat, or having a home office for business Whether your lease caters for for a slush fund for major works? Details of the parties to the lease, e.g. these could be the leaseholder, superior lessor, freeholder Alterations to the flat
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Seven Kings conveyancing firm to assist?
if there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the amount due.
An example of a Lease Extension case for a Seven Kings flat is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 61.36 years.