I am buying an apartment in Kentish Town. My Solicitor is not listed on the mortgage company solicitor panel. Am I still permitted to retain my Kentish Town conveyancing solicitor notwithstanding that they are not on the bank approved list?
You have a couple of alternatives open to you here
- Proceed with your preferred Kentish Town lawyer but your lender will undoubtedly retain a lawyer from their conveyancing panel. The net result is additional cost together with probable delay.
- Choose a fresh conveyancer to act in the purchase, making sure they are on the mortgage company conveyancing panel.
- Convince your conveyancing practitioner to pull out all the stops to join the lender’s panel of solicitors
What does a local search tell me about the house my wife and I buying in Kentish Town?
Kentish Town conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for example Searchflow The local search is essential in every Kentish Town conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic headings.
The deeds to my home are lost. The solicitors who did the conveyancing in Kentish Town 10 years ago no longer exist. What are my next steps?
Nowadays there are copies made of almost everything, and your lawyer should be aware exactly where to find all the relevant paperwork so you may buy or dispose of your property without any difficulty. If copies are not available, your conveyancer may be able to put in place insurance or indemnities against possible claims on the premises.
Do I need to be wary by 3rd parties that I am dealing with are suggesting a web based conveyancing firm rather than a High Street Kentish Town conveyancing practice?
As is the case with lots of service providers, often referrals from family and friends can be worth their weight in gold. But there are numerous players in a conveyancing deal; estate agents, mortgage brokers and mortgage companies may put forward lawyers to instruct. Sometimes these solicitors might be known to one of the organisations as experts in their field, but sometimes there is an underlying commercial relationship behind the recommendation. You are at liberty to select your preferred conveyancer. Don't forget that the majority of banks specify a panel list of solicitors you are obliged to use for the lender related work in your house move.
I need to instruct a conveyancing lawyer in Kentish Town for my purchase. Can I review a solicitor's complaints history with the profession’s regulator?
Members of the public may review documented Solicitor Regulator Association (SRA) decisions stemming from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The SRA sometimes recorded telephone calls for training reasons.
I am attracted to a couple of maisonettes in Kentish Town which have approximately forty five years remaining on the leases. Do I need to be concerned?
There are plenty of short leases in Kentish Town. The lease is a legal document that entitles you to use the property for a period of time. As a lease shortens the saleability of the lease deteriorates and it becomes more costly to extend the lease. This is why it is generally wise to extend the lease term. Sometimes it is difficult to sell a property with a short lease as mortgage companies may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area.
Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Kentish Town. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a absentee landlord or where 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 make a decision on the price.
An example of a Lease Extension decision for a Kentish Town premises 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 remaining number of years on the lease was 64.77 years.