Conveyancing Questions

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Absent freehold beneficiaries? by Mat1 Started by Mat1, 16-05-2019, 19:45 PM	4 responses 39 views 0 likes	Last Post by leaseholder64 17-05-2019, 09:36 AM
Is There a Conflict Of Interest Here? by mrs. sparkle Started by mrs. sparkle, 16-05-2019, 12:47 PM	3 responses 47 views 0 likes	Last Post by mrs. sparkle 17-05-2019, 02:46 AM
Transfer of Freehold by KRobinson Started by KRobinson, 27-04-2019, 13:06 PM	14 responses 179 views 0 likes	Last Post by Lawcruncher 15-05-2019, 10:21 AM
Freehold, new build, restrictive covenant about tenancy by youngun_99 Started by youngun_99, 13-05-2019, 18:19 PM	4 responses 59 views 0 likes	Last Post by HazeltonLane 14-05-2019, 14:39 PM
Query Re: Conveyance Quote by mrs. sparkle Started by mrs. sparkle, 11-05-2019, 10:02 AM	4 responses 58 views 0 likes	Last Post by mrs. sparkle 13-05-2019, 13:28 PM
Collective enfranchisement - disagreement over loft conversion by smitchell Started by smitchell, 10-05-2019, 20:59 PM	3 responses 44 views 0 likes	Last Post by Lawcruncher 11-05-2019, 11:33 AM
Right of Access by jeepys Started by jeepys, 24-04-2019, 21:41 PM	8 responses 169 views 0 likes	Last Post by Lawcruncher 01-05-2019, 20:24 PM
Option to buy a Headlease: is the property right secure? by investor11 Started by investor11, 13-04-2019, 18:57 PM	2 responses 82 views 0 likes	Last Post by investor11 23-04-2019, 11:25 AM
legitimacy of 1st registration claims (Adverse Possession) by Graham L Started by Graham L, 19-04-2019, 10:43 AM	2 responses 59 views 0 likes	Last Post by Lawcruncher 20-04-2019, 09:03 AM
Retained land - restrictive covenant by Bach Started by Bach, 06-09-2018, 22:00 PM	11 responses 422 views 0 likes	Last Post by Heatherbelle 15-04-2019, 15:09 PM

Absent freehold beneficiaries?

Mat1

Hi guys, new poster here so forgive me if I get my terms mixed up!

I have just made an offer on a ground floor flat in a block of 3. A,B and C. Sold as Share of Freehold, no company. We'll call this flat A.

The owner of flat B died in 2015. The "residue"...
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16-05-2019, 19:45 PM
Reply to Absent freehold beneficiaries?

leaseholder64

If the Land Registry has not updated, it will be held in trust by the executors. The combination of the will and the Land Registry entry should be all that is necessary.

Note, that they should be paying the ground rent and service charges. Once they have probate, they no longer have any...
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17-05-2019, 09:36 AM
Reply to Absent freehold beneficiaries?

Mat1

Is there any way to find out if this is the case (held in trust by the nephews)?

Assuming this is the case I can't imagine they are particularly incentivised to get this sorted, they had their part of the inheritance 2 years ago....
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17-05-2019, 08:33 AM
Is There a Conflict Of Interest Here?

mrs. sparkle

Recently purchased an auction property and the lender I am obtaining bridging finance from requires a solicitor to represent them from their panel.

What I wanted to know is whether it is okay for the lenders solicitor to also represent me the purchaser?

Someone mentioned to...
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16-05-2019, 12:47 PM
Reply to Is There a Conflict Of Interest Here?

mrs. sparkle

Thanks guys
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17-05-2019, 02:46 AM
Reply to Absent freehold beneficiaries?

Jon66

Yes agree with leaseholder, still held by the executors pending an agreement by all beneficiaries to sell and monies distributed equally. Getting 17 organisations to agree is going to take a while . . .
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16-05-2019, 22:07 PM
Reply to Absent freehold beneficiaries?

leaseholder64

Sounds like the executors have made a mess of this.

I would have thought the share of the freehold and the share of the lease are still held in trust by the executors.
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16-05-2019, 21:51 PM
Reply to Is There a Conflict Of Interest Here?

Lawcruncher

The main point is that both purchaser and lender want the same thing: a property with a good and marketable title. A conflict of interest only arises if the lawyer finds something he does not like and the purchaser instructs him not to tell the lender. If that happens and the purchaser persists in the...
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16-05-2019, 21:47 PM
Reply to Is There a Conflict Of Interest Here?

Jon66

No conflict, this happens a lot.
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16-05-2019, 14:51 PM
Transfer of Freehold

KRobinson

I was the owner of a property containing 3 flats. I sold the flats to 3 different individuals. I still own the freehold which I have agreed to transfer, free of charge, a third share to each of the new owners, as it suits me not to have any further interest in the property. I set up a management company...
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27-04-2019, 13:06 PM

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