I am only a couple days away from an exchange on a flat in Kennington and my parents have sent the ten percent deposit to my solicitor. I am now told that as the deposit has not arrived from me my property lawyer needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I informed the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The conveyancer is duty bound to clarify with lender to make sure that they know that the balance of the purchase price is not from your own funds. Your solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My bank has recommended solicitors on their panel based in Kennington but I would rather use a conveyancing lawyer in Kennington local to me. Are you able to assist?
Not all Kennington conveyancing solicitors are approved and listed on all banks conveyancing panel. Please make the most of the above search tool to locate a Kennington conveyancing conveyancer on the on the lender panel.
4 months have elapsed since my purchase conveyancing in Kennington completed. I have checked the Land Registry website which shows that I paid £200,000 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 residence 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.
My father-in-law has urged me to instruct his lawyers for conveyancing in Kennington. Should I use them?
There are no two ways about it the best way to find a conveyancing practitioner is to seek recommendations from friends or family who have actually used the conveyancer you're contemplating using.
I am hoping to complete next month on a garden flat in Kennington. Conveyancing solicitors assured me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Kennington should include some of the following:
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The length of the lease term. You should be advised as what happens when the lease ends, and informed of the importance of not letting the lease term falling below eighty years The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Does the lease require carpeting throughout thus preventing wood flooring? Information as to the provision in the lease to pay service charges - in relation to the building, and the more general rights a lessee enjoys Defining your legal entitlements in respect of the communal areas in the block.For example, does the lease include a right of way over a path or hallways?
Having spent years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Kennington. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We are happy to put you in touch with a Kennington conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Kennington property 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 related to 1 flat. The unexpired lease term was 74.77 years.
If instructed can a conveyancer remove a person from the title of my property in Kennington ?
Extracting or adding someone to the title of your property is relatively straightforward. You’ll need to appoint a lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a property lawyer
