My husband and I are buying a newly built apartment in Ealing and my conveyancer is advising me that she is duty bound to the bank to disclose incentives from the builder. I am under pressure to exchange contracts and I would rather not delay deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am mortgaging my property in Ealing, does my lawyer need to be on the Leeds Building Society Conveyancing panel?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I appreciate that there are debates on Chancel Insurance on online forums. Am I compelled to take this when buying a house in Ealing? or I am told that there is an ancient law that could mean that homeowners residing in a parish church boundary will be compelled to contribute towards repairs to the chancel in proximity to the church. Is this appropriate for conveyancing in Ealing?
Unless a previous purchase of the property completed after 12 October 2013 you could assume that lawyers delivering conveyancing in Ealing to remain encouraging a chancel search and or insurance against a claim.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one round the corner in Ealing I like with amenity areas and railway links nearby, the downside is that it only has 49 years on the lease. There is not much else in Ealing in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I am on look out for some leasehold conveyancing in Ealing. Before diving in I would like to find out the remaining lease term.
Assuming the lease is registered - and 99.9% are in Ealing - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I am the leaseholder of a garden flat in Ealing. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
Most certainly. We are happy to put you in touch with a Ealing conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Ealing residence is Flat 4 38 The Mall in April 2014. the Tribunal held that the premium payable for the lease extension to be £25,451 This case affected 1 flat. The unexpired lease term was 68.7 years.
There are numerous properties in Ealing on private roads. My wife and I are buying one such house. Are there any advantages to buying a property on a privately owned road?
Ealing conveyancing solicitors will be familiar with transacting homeson unadopted roads. Your property lawyer should review the Land Registry data to find any rights or liabilities. In many cases there is a residents association that residents make annual contributions to maintain the road. If one exists, the road should be maintained and appear nicer than council adopted.