This question may be naive but I am unseasoned as a first time buyer of a ground floor flat in Charing Cross. Do I pick up the keys to the property on completion from my conveyancer? If so, I will find a local conveyancing solicitor in Charing Cross?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the vendor’s conveyancers, and once they have received this, you will be able to collect the keys from the Estate Agents and start moving into the property. Usually this happens between 1 and 3pm.
I happen to be the single beneficiary of my late mum's estate and I have everything in my name now, including the my former home in Charing Cross. The Charing Cross property was put into my name in August. I plan to dispose of the house. I understand that there is a CML 6 month 'rule', which means that my proprietorship could be regarded the same way as though I had purchased the property in August. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. How practical a view banks take of it, depend on the lender as this provision is chiefly there to identify the purchase and immediately sell or the quick reselling of property.
About to purchase house in Charing Cross. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the RBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Charing Cross conveyancing practitioner is on the RBS conveyancing panel.
How does conveyancing in Charing Cross differ for new build properties?
Most buyers of new build property in Charing Cross approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is constructed. This is because builders in Charing Cross usually purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Charing Cross or who has acted in the same development.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one round the corner in Charing Cross I like with amenity areas and station nearby, the downside is that it's only got 61 years on the lease. I can't really find anything else in Charing Cross for this price, so just wondered if I would be making a grave error acquiring a short lease?
Should you need a mortgage that many years may be an issue. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you could 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 term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
Is it possible to swap solicitor as I need to choose a firm on the Bank of Ireland conveyancing panel. I was using a local conveyancing solicitor in Charing Cross round the corner but the firm is not accepted by Bank of Ireland
It would be our pleasure to help you select a conveyancing solicitor in Charing Cross on the Bank of Ireland panel. Please note that the property lawyers that we list do not pay us fee if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Charing Cross. In utilising the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Charing Cross.
As co-executor for the will of my father I am selling a property in Cardiff but live in Charing Cross. My solicitor (approximately 235 kilometers awayneeds me to sign a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Charing Cross who can attest this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are based in Charing Cross
Last May I purchased a leasehold flat in Charing Cross. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Charing Cross. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We are happy to put you in touch with a Charing Cross conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Charing Cross 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 remaining number of years on the lease was 73.26 years.