Much to our surprise we have been told by our IFA that my Brondesbury property lawyer is not on the bank Solicitor panel. What can I do to be certain if this is indeed the case?
The sensible course of action for you to take is to contact your Brondesbury lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your bank.
The owners have very brash vendors who has suggested a preliminary contract with a payment of 5k. Are such contracts appropriate for Brondesbury conveyancing transactions?
There are a couple of main drawbacks with executing a lock out contract (occasionally termed a shut-out contract) is that it takes away the focus from moving forward with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it may turn out to be a cause of frustration and delay. It is not promoted amongst Brondesbury conveyancing lawyers for this reason. A supplemental concern is the extent of the remedies available - a jilted purchaser is extremely unlikely to obtain an injunction to prevent the owner selling to an alternative purchaser, so the only remedy open via the agreement will be the reimbursement of wasted costs and, in limited scenarios, the extra payment of penalties.
I am about to put a bid on a leasehold apartment in Brondesbury. The property agents say that it is usual for flats in Brondesbury to have less than 75 years unexpired on the lease. I am expecting a loan with Accord Mortgages. Will the property be mortgageable given that the lease has Seventy One years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 9/11/2019 the requirements read as follows :
I used Action Conveyancing a few years ago for my conveyancing in Brondesbury. Now, I need the documents but the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Brondesbury of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am downsizing from my house. My previous solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Brondesbury if that affects matters.
Please use our search tool to help you find a solicitor for your conveyancing in Brondesbury. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes smoothly.
I own a leasehold house in Brondesbury. Conveyancing and Clydesdale mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Brondesbury who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to be sure that the individual claiming to own the freehold is in fact the new freeholder. It is not necessary to instruct a Brondesbury conveyancing solicitor to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Brondesbury. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Brondesbury conveyancing firm who can help.
An example of a Lease Extension case for a Brondesbury flat is 50a Cavendish Road in April 2014. The Tribunal determines that the premium payable by the Applicant in respect of the extension of the lease for the flat was £82,319. This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 49.26 years.