In what way does my ID and proof of funds have anything to do with my conveyancing in Kennington? Why is this being asked of me?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to verify the identification documents of the person or body they are dealing with prior to agreeing to accepting their conveyancing retainer. The Client Care letter that you are required to sign will no doubt reaffirm this. Your lender will also require certain documents to be checked. If you are unwilling to provide ID verification documents, your conveyancer would not be able to act for you.
The deeds to our home can not be found. The conveyancers who conducted the conveyancing in Kennington 5 years ago no longer exist. What do I do?
You no longer need to have the physical deeds to evidence that you are the owner of your registered land or property, as the Land Registry hold details of all registered land or property electronically.
I decided to have a survey carried out on a house in Kennington in advance of retaining solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some lenders will not grant a loan on this type of house.
It varies from the lender to lender. Lloyds has different requirements from Halifax. If you call us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Kennington. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Kennington to see if the conveyancing costs will increase in light of this.
My brother has recommend that I appoint his lawyers for conveyancing in Kennington. Should I use them?
No doubt the best way to select a conveyancing solicitor is to seek feedback from friends or family who have actually experience in using the solicitor you're are thinking of instructing.
Back In 2007, I bought a leasehold flat in Kennington. Conveyancing and Santander mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1997. The conveyancing solicitor in Kennington who previously acted has long since retired. Any advice?
The first thing you should do is contact HMLR to be sure that the individual claiming to own the freehold is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Kennington conveyancing practitioner to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a first floor flat in Kennington. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
in cases where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the price payable.
An example of a Lease Extension case for a Kennington premises is Ground Floor Flat 39 Bronsart Road in May 2010. Following a vesting order by West London County Court the Leasehold Valuation Tribunal concluded that the price to be paid for the extended lease of the premises was Thirteen Thousand Two hundred pounds (£13,200) in accordance with the valuation. The extended lease was granted for a term of 90 years from the expiry date of the Lease and at a peppercorn ground rent from the date of the vesting order. This case affected 1 flat. The remaining number of years on the lease was 74.77 years.
Do I stop my mortgage payments with Co-operative once a completion date for my sale in Kennington has been set?
No, you should keep paying any mortgage payments to Co-operative pending the mortgage being redeemed from the proceeds of sale as part of your Kennington conveyancing.