I have recentlydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Woodcote Green for a purchase of a leasehold flat 10 months ago. How can I check that the property is in my name in the name of the previous owner?
The quickest method to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Woodcote Green conveyancing specialists.
Due to the input of my in-laws I had a survey completed on a house in Woodcote Green before retaining solicitors. I have been advised that there is a flying freehold aspect to the property. My surveyor has said that some lenders tend not give a loan on a flying freehold premises.
It varies from the lender to lender. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Woodcote Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Woodcote Green to see if the conveyancing will be more expensive.
I am downsizing from my home. My former conveyancers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Woodcote Green if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Woodcote Green. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I am looking at a couple of flats in Woodcote Green which have in the region of forty five years unexpired on the lease term. Will this present a problem?
There are no two ways about it. A leasehold flat in Woodcote Green is a deteriorating asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it adversely affects the marketability of the premises. For most buyers and lenders, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Woodcote Green conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
My wife and I have hit a brick wall in seeking a lease extension in Woodcote Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We can put you in touch with a Woodcote Green conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Woodcote Green premises is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case related to 1 flat. The remaining number of years on the lease was 71.73 years.
I happen to be an executor of my recently deceased aunt’s Will, with a bungalow in Woodcote Green which will be sold. The property is unregistered at the Land Registry and I'm told that some purchasers will insist that it is done before they will proceed. What's the mechanism for this?
In the situation that you have set out it seems advisable to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and official copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.