I'm the sole beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Harrow on the Hill. Conveyancing formalities meant that the Land Registry date was in June. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', which means that my property ownership may be considered the same way as if I'd bought the house in June. Is the property unsalable for six months?
The CML handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Some banks would take a sensible view as this requirement is chiefly there to capture subsales or the wholesaling and assigning of properties.
About to purchase flat in Harrow on the Hill. 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 Barclays 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 Harrow on the Hill lawyer is on the Barclays conveyancing panel.
My offer was accepted on a property in Harrow on the Hill on 30/5/2024, valuation was booked five days after, received a clean bill of health. Conveyancer retained, so all that was missing was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Are Leeds Building Society entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
The estate agent has sent us the confirmation of our purchase of a new build flat in Harrow on the Hill. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Harrow on the Hill
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Please supply a car parking plan. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme.
I opted to have a survey carried out on a house in Harrow on the Hill before appointing conveyancers. I have been informed that there is a flying freehold aspect to the house. Our surveyor has said that some lenders will not issue a mortgage on this type of house.
It varies from the lender to lender. HSBC has different requirements from Halifax. Should you wish to telephone us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Harrow on the Hill. Conveyancing may be slightly more expensive based on your lender's requirements.
I was pointed in your direction by numerous property agents in Harrow on the Hill to locate a solicitor on your site. Is there a financial advantage for Estate Agents to market your services over a competitor’s?
We don’t give any financial incentive for pointing buyers and sellers to this site. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Harrow on the Hill conveyancing firm to help?
Absolutely. We are happy to put you in touch with a Harrow on the Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Harrow on the Hill premises is flat 93b Welldon Crescent in May 2009. The Tribunals valuation for a 90-year lease extension of this fat was £13,171 This case related to 1 flat. The number of years remaining on the existing lease(s) was 75.25 years.
In relation to leasehold conveyancing in Harrow on the Hill what are the most common lease defects?
There is nothing unique about leasehold conveyancing in Harrow on the Hill. All leases are unique and drafting errors can sometimes mean that certain clauses are not included. The following missing provisions could result in a defective lease:
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A provision to repair to or maintain parts of the property
You could have a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. National Westminster Bank, Skipton Building Society, and TSB all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to pull out.
I acquired a property in Harrow on the Hill last 19/4/2023 and to date it is still not recorded with HMLR. It is part of a new estate and my lawyer told me that it can take 12 months to register. I have contacted HM Land Registry directly and they say that the initial application was cancelled due to failure to reply to requisitions. What can I do?
Contact your lawyer - Where you are unsatisfied with the responses, find out about their internal complaints process and amplify your problem to a Partner. Registrations for Harrow on the Hill conveyancing are not known to be especially complex.