We are about to exchange on the purchase of a house in Kenley but as a result of damage from some water damage at the property I have was able negotiate recompense from the owner of £2k by way of a deduction in the price. This was going to be dealt with as part of the conveyancing process however Yorkshire BS will not permit this. Should they have been informed?
The property lawyer being on the Yorkshire BS conveyancing panel is duty bound to disclose to Yorkshire BS of any changes to the sale price. If you prohibit your property lawyer to disclose the reduction to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new solicitor for your conveyancing in Kenley.
Can you explain why leasehold purchase conveyancing in Kenley is more expensive?
In summary, leasehold conveyancing in Kenley and elsewhere usually warrants additional due diligence compared to freehold transactions. This includes reviewing the lease, communicating with the landlord about serving applicable notices, securing current service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
three months have elapsed following my purchase conveyancing in Kenley completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £170,000. 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 property 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 am looking for a leasehold apartment up to £305k and identified one round the corner in Kenley I like with a park and railway links in the vicinity, however it's only got 51 remaining years left on the lease. There is not much else in Kenley in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a home loan the shortness of the lease will likely be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I need to appoint a conveyancing solicitor for residential conveyancing in Kenley. I've chance upon a web site which seems to have the ideal offering If there is a chance to get all this stuff done via web that would be preferable. Do I need to be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am purchasing a property and need a conveyancing solicitor in Kenley who is on the lender solicitor panel. Can you recommend a Kenley or local Kenley solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Kenley. We dont recommend any particular conveyancing practice.