Can I use your services to locate a Conveyancing solicitor in Fitzrovia even where I’m not purchasing or disposing of a house, for example where I want to buy an office in Fitzrovia with a mortgage from Lloyds TSB Bank?
Our comparison service is primarily used to select domestic conveyancing solicitors in Fitzrovia but we have recorded towards the end of this page a selection of Fitzrovia commercial conveyancing firms. You will need to make contact with the solicitors directly to check if they can also act for Lloyds TSB Bank
It has been 2 months since my purchase conveyancing in Fitzrovia concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build house in Fitzrovia with a mortgage from Yorkshire Building Society. The developers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The sale representative told me not disclose to my conveyancer about this deal as it could adversely affect my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a flat up to £245,000 and found one round the corner in Fitzrovia I like with open areas and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Fitzrovia in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan the shortness of the lease 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 existing proprietor has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I work for a busy estate agent office in Fitzrovia where we have witnessed a number of leasehold sales put at risk as a result of short leases. I have been given inconsistent advice from local Fitzrovia conveyancing solicitors. Please can you confirm whether the vendor of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I am the leaseholder of a garden flat in Fitzrovia. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the amount due for a lease extension?
Where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the price payable.
An example of a Freehold Enfranchisement decision for a Fitzrovia 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 affected 1 flat. The unexpired residue of the current lease was 73.26 years.
Been looking for a lawyer for leasehold sale conveyancing in Fitzrovia. We are selling, simple no mortgage to pay off, no rush, no onward chain. Received a quote from a conveyancer for £900 excluding VAT which is a tad steep given that its so straightforward. Is it possible to find less expensive fees for conveyancing in Fitzrovia?
As it’s a sale only, 475 + VAT should be about the best for a Fitzrovia solicitor firm.