My IFA requires my Camden solicitor’s panel reference for the HSBC conveyancing panel. Can you suggest how I find this out. I have contacted my local Camden branch but they have not got back to me yet.
Have you tried calling your Camden solicitor about this?. They maintain a central record lender panel numbers.
My wife and I are only a couple days away from an exchange on a house in Camden and my mum and dad have transferred the ten percent deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my lender. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I advised the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to be an issue?
Your property lawyer is legally required to clarify with mortgage company to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you permit them to, failing which, your lawyer must cease to continue acting.
It has been 3 months following my purchase conveyancing in Camden completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. 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 residence 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.
Should I be wary that third parties that I am dealing with are encouraging me to use an internet conveyancing firm as opposed to a High Street Camden conveyancing company?
As with lots of service providers, often recommendations from family and friends can be worth their weight in gold. But there are many players in a conveyancing deal; estate agents, financial adviser and mortgage companies may recommend lawyers to choose. Sometimes these conveyancers might be known to one of the organisations as experts in their field, but sometimes there exists a commercial relationship behind the endorsement. You are at liberty to appoint your preferred conveyancer. However, bear in mind that most lenders have an approved list of solicitors you have to use for the mortgage related work in your house move.
Jane (my partner) and I may need to rent out our Camden basement flat temporarily due to taking a sabbatical. We instructed a Camden conveyancing practice in 2003 but they have closed and we did not think at the time seek any guidance as to whether the lease allows us to sublet. How do we find out?
Even though your previous Camden conveyancing lawyer is not available you can check your lease to see if you are permitted to let out the property. The accepted inference is that if the lease is non-specific, subletting is permitted. Quite often there is a prerequisite that you are obliged to seek permission via your landlord or other appropriate person in advance of subletting. The net result is that you cannot sublet without prior consent. The consent should not be unreasonably turned down. If your lease does not allow you to sublet you will need to ask your landlord for their consent.
I am the leaseholder of a two-bedroom flat in Camden. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for a lease extension?
in cases where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the amount due.
An example of a Lease Extension matter before the tribunal for a Camden premises is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case affected 1 flat. The number of years remaining on the existing lease(s) was 64.77 years.
Why is New Build conveyancing in Camden more costly?
Purchasing a new build home is significantly different from the standard house purchase conveyancing in Camden. For a start sellers ordinarily demand contracts to exchange inside a short timeframe, so there is a lot of pressure on your property lawyer to ensure all is in order. Furthermore new build conveyancing frequently necessitate examination of adoption of highways, drains, planning considerations, building warranties or architects certificates. Mortgage company requirements are also more detailed. Due to the complex nature of the process for these types of properties, the conveyancing new build fees are higher than normal.