What is the first thing I need to know regarding purchase conveyancing in Kennington?
You may not hear this from too many lawyers but conveyancing in Kennington or throughout England and Wales is an adversarial process. In other words, when it comes to conveyancing there is an abundance of room for confrontation between you and other parties involved in the ownership transfer. For example, the seller, selling agent and sometimes the lender. Choosing a solicitor for your conveyancing in Kennington an important selection as your conveyancer is your adviser, and is the ONLY party in the legal process whose interest is to protect your best interests and to protect you.
On occasion a potential adversary may try and persuade you that you should follow their advice. For example, the property agent may claim to be helping by suggesting your conveyancer is slow. Or your financial adviser may advise you to do something that is against your conveyancers advice. You should always trust your lawyer above all other parties in the home moving process.
The deeds to our home are lost. The conveyancers who conducted the conveyancing in Kennington 5 years ago no longer exist. What are my next steps?
Nowadays there are copies made of almost everything, and your lawyer will be aware precisely where to find all the relevant documentation so you may buy or dispose of your house without any difficulty. Where duplicates are not available, your solicitor may be able to arrange cover in the form of insurance or indemnities protecting you against possible claims on your property.
How does conveyancing in Kennington differ for newly converted properties?
Most buyers of new build property in Kennington contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is constructed. This is because builders in Kennington usually acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Kennington or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a property in Kennington before instructing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor advised that some lenders tend refuse to issue a loan on such a home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Birmingham Midshires. If you e-mail us we can check with 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 Kennington. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I appoint a Kennington conveyancing solicitor who is local to the property I am hoping to buy? We have a good friend who can deal with the legal work but her office is over three hundred kilometers drive away.
The primary upside of using a high street Kennington conveyancing firm is that you can pop in to execute documents, deliver your identification documents and apply pressure on them if necessary. Having local Kennington know how is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were content that should trump using an unfamiliar Kennington conveyancing lawyer just because they are round the corner.
If all goes to plan we aim to complete our sale of a £175,000 maisonette in Kennington next week. The freeholder has quoted £312 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge such fees for a flat conveyance in Kennington?
Kennington conveyancing on leasehold maisonettes more often than not involves the purchaser’s conveyancer sending enquiries for the landlord to answer. Although the landlord is not legally bound to answer these enquiries most will be content to do so. They may invoice a reasonable charge for responding to enquiries or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some cases it exceeds £800. The administration charge levied by the landlord must be sent together with a summary of entitlements and obligations in respect of administration charges, without which the invoice is technically not due. Reality however dictates that you have no choice but to pay whatever is requested of you should you wish to sell the property.
My wife and I have hit a brick wall in trying to purchase the freehold in Kennington. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a absentee landlord or where there is dispute 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 LVT to make a decision on the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Kennington flat 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 unexpired term as at the valuation date was 74.77 years.