Finally the sale completed on my house in Kentish Town last March but my buyer keeps e-mailing me to say her lawyer needs to hear from mine. What are the post completion sale legalities following completion?
Following your house sale your conveyancer should deliver the transfer documentation and all additional paperwork to the purchaser's lawyers. If applicable, your lawyer must also send confirmation that the mortgage has been discharged to the buyers lawyers. There is unlikely to be post completion tasks unique to conveyancing in Kentish Town.
What happens if my solicitor is suspended from the HSBC Solicitor panel ahead of completing my conveyancing in Kentish Town?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Kentish Town is the location of the property. Can you shed any light on this issue?
Flying freeholds in Kentish Town are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Kentish Town you would need to get your solicitor to go through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kentish Town may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
What does commercial conveyancing in Kentish Town cover?
Kentish Town conveyancing for business premises incorporates a broad array of advice, offered by regulated solicitors, relating to business property. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am tempted by the attractive purchase price for a two apartments in Kentish Town both have approximately forty five years left on the leases. Do I need to be concerned?
There are plenty of short leases in Kentish Town. The lease is a right to use the property for a prescribed time frame. As a lease shortens the saleability of the lease reduces and results in it becoming more expensive to extend the lease. This is why it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
We have reached the end of our tether in trying to purchase the freehold in Kentish Town. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a Kentish Town conveyancing firm who can help.
An example of a Lease Extension decision for a Kentish Town property is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case related to 1 flat. The unexpired lease term was 64.77 years.
My in 2007. He has been married, divorced and is now remarried. He will be selling the apartment next winter. I believe he will just be requested to supply copies of his marriage certificates to the conveyancer but he is anxious it will frustrate the conveyancing. Is it worth updating the land title documents for the house?
You are not required to bring up to date the title for the property on the basis that you have the proof required to demonstrate how the change of name has come about.
Any buyer’s solicitor should review the registered details and request evidence to establish the change of name e.g. marriage documentation.