We are selling our flat in Hanwell. Does my property lawyer need to be on the Aldermore conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
Various online forums that I have frequented warn that are the main reason for delay in Hanwell house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Hanwell.
It has been 4 months since my purchase conveyancing in Hanwell took place. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 premises 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.
I decided to have a survey done on a house in Hanwell prior to appointing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may refuse to give a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Halifax. If you call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hanwell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Hanwell to see if the conveyancing costs will increase in light of this.
How difficult is it to swap solicitor as I have to instruct one who is on the Lloyds TSB Bank conveyancing list. I hired a local conveyancing solicitor in Hanwell five minutes from me but he is not approved by Lloyds TSB Bank
It would be our pleasure to assist you select a conveyancing solicitor in Hanwell on the Lloyds TSB Bank panel. Please note that the law firms that we work with do not pay us commission if you instruct them and are regulated by the SRA who regulate all conveyancing solicitors in Hanwell. Using search facility on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Hanwell.
Completion is due on our sale of a £125,000 flat in Hanwell on Wednesday in a week. The landlords agents has quoted £312 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Hanwell?
Hanwell conveyancing on leasehold flats often necessitates the buyer’s solicitor sending questions for the landlord to answer. Although the landlord is under no legal obligation to answer these enquiries the majority will be content to do so. They are at liberty to invoice a reasonable administration fee for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some transactions it is above £800. The management information fee levied by the landlord must be accompanied by a summary of rights and obligations in relation to administration fees, without which the invoice is not strictly payable. In reality one has no option but to pay whatever is requested of you if you want to complete the sale of your home.
I am the leaseholder of a basement flat in Hanwell. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
You certainly can. We are happy to put you in touch with a Hanwell conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Hanwell property is 6 Jessamine Road in August 2013. The Tribunals valuation (as annexed to the decision) calculated the amount payable as £18,355 for the freehold reversion This case related to 2 flats. The number of years remaining on the existing lease(s) was 72.39 years.