Why would I instruct a Kensal Green conveyancing company when internet based alternatives are easier on the wallet?
By all means make sure that you get 2 or 3 like-for-like quotes for conveyancing costs in Kensal Green and you should seek a competitive quote but don’t become consumed with searching for the lowest priced Kensal Green conveyancer. Identifying the right conveyancer can be the difference between a smooth and a stressful house move. You need to ensure that you have expert guidance from an experienced solicitor. Emails can't take the place of a telephone conversation and are no substitute for a face to face consultation. The firms that we work with will find you a qualified and top rated conveyancing solicitor that will tackle your conveyancing from from the outset to completion, giving the sort of hand holding that you are unlikely to received from an web based conveyancer. He or She will update you on headway making sure that you are ensuring that you are updated at regular intervals. Should it ever be necessary to phone the firm you will be sure who you need to speak to and they will be sure you are kept fully informed.
I am about to put an offer on a leasehold property in Kensal Green. The estate agents assure me that it is standard for flats in Kensal Green to have less than 75 years remaining. I am expecting a loan with Virgin. Will the property be mortgageable given that the lease has 70 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 26/4/2024 the requirements read as follows :
I am close to exchanging contracts on the sale of our house in Kensal Green and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Kensal Green lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed an internet conveyancing outfit as opposed to a conveyancing solicitor in Kensal Green. Having lived in Kensal Green for six years we know of no issue. Is it a good idea to get in touch with our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have been on the look out for a ground for flat up to £245,000 and found one round the corner in Kensal Green I like with a park and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Kensal Green for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the shortness of the lease will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months 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 existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Do I need to be suspicious about third parties that I am dealing with are suggesting a national conveyancing firm as opposed to a High Street Kensal Green conveyancing company?
As with lots of service providers, often suggestions from family and friends can be worth their weight in gold. Nevertheless there are many players in a conveyancing transaction; estate agents, mortgage brokers and banks may put forward lawyers to appoint. Sometimes the lawyers might be known to one of the organisations as one of the best in their field, but occasionally there exists a commercial relationship behind the recommendation. You are at liberty to appoint your preferred lawyer. However, bear in mind that the majority of banks operate an approved list of conveyancers you have to use for the lender aspect of your transaction.
I am a negotiator for a busy estate agent office in Kensal Green where we have witnessed a number of flat sales derailed due to leases having less than 80 years remaining. I have received contradictory information from local Kensal Green conveyancing solicitors. Can you clarify whether the seller of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has been the owner 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. This means 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 needs to be completed before, 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 purchaser.
After years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Kensal Green. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension case for a Kensal Green property is 85A Chevening Road in August 2013. the Tribunals conclusions resulted in a payment of a premium for the new lease in the sum of £11,211 This case affected 1 flat. The unexpired term as at the valuation date was 84.34 years.