A friend advised me that in purchasing a property in Kensington there may be various restrictions limiting what one can do in terms of external alterations to a property. Is this right?
There are anumerous of properties in Kensington which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Kensington should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
When it comes to mortgage companies such as Co-operative, do Kensington conveyancing practitioners face a yearly amount to be on the conveyancing panel?
We are not aware of any lender fees to register on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
We expect to receive a AIP from Santander this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Santander recommend any Kensington solicitors on the Santander conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Kensington solicitors independently although you'll need to choose one on the Santander conveyancing panel. The solicitor represents both you and Santander through the process.
I have been told that property searches are the main cause of obstruction in Kensington house deals. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) released conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Kensington.
I am looking to sell my house. My previous lawyers has retired. It would be helpful to have a recommendation of a conveyancing firm. Im based in Kensington if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Kensington. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
My husband and I are 3 weeks into a freehold purchase having been directed to solicitors by the estate agent to carry out the conveyancing in Kensington. I am am starting to be disappointed with the quality of service. Could you help me find new solicitors?
They would need to be very poor to suggest diss instructing them. Has your loan offer been generated? In the event that it has you need to advise them of the new contact details and have the offer are re-issued. The solicitor ideally should be on the banks panel to avoid added costs and delays. That should be your first question of the new conveyancers. The search tool will assist you in finding a lender approved lawyer for your conveyancing in Kensington
I am attracted to a couple of maisonettes in Kensington which have in the region of forty five years left on the lease term. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold apartment in Kensington is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it reduces the value of the premises. The majority of purchasers and lenders, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Kensington conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Kensington conveyancing firm to represent me?
if there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to decide the price.
An example of a Lease Extension matter before the tribunal for a Kensington residence is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case was in relation to 1 flat. The unexpired lease term was 37.79 years.
We are in the process of buying a flat in Kensington. Conveyancing is not complete but we would like have the amount we are are purchasing for confidential from sites such as Rightmove. How could this be achieved ?
HMLR are legally required to specify price paid data on the official title for residential properties nationwide which includes premises in Kensington. The register of ownership is an open document, so the Land Registry would be breaching their statutory obligations excluded certain properties such as your one in Kensington.
In essence you can make a request of the Land Registry to withhold the price paid data yet the answer would be in the negative.