A mortgage offer from Santander for the remortgage of my 3 bedroom garden flat is expected by the end of next week. Could you propose a low cost conveyancing lawyer in Kidbrooke?
This site is not designed to assist those in pursuit of the lowest fares for conveyancing in Kidbrooke. Our intention is to offer excellent value conveyancing but our intention is not to work with the cheapest lawyers. Resist the temptation to appoint brokers seducing you with low cost conveyancing in Kidbrooke. At best, in going for low cost conveyancing, you will end up with what you pay for and at worst you will end up paying a lot in additional fees and still not get the service required.
My partner and I are only a couple days away from an exchange on a house in Kidbrooke and my mum and dad have sent the 10% deposit to my lawyer. I am now informed that as the deposit has not come from me my property lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your solicitor is obliged to check with lender to ensure that they understand that the balance of the purchase price is not from your own resources. The solicitor can only disclose this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Me and my brother have a renovated Victorian house in Kidbrooke. Conveyancing practitioner represented me and Aldermore. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the matching address. Is it worth asking Aldermore to clarify?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Kidbrooke and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing solicitor who conducted the conveyancing.
Just had an offer accepted on a new build flat in Kidbrooke. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Kidbrooke
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
I opted to have a survey done on a property in Kidbrooke before instructing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some banks may not give a mortgage on this type of home.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. Should you wish to telephone us we can check with the relevant bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Kidbrooke. Conveyancing may be slightly more expensive based on your lender's requirements.
Can you provide any advice for leasehold conveyancing in Kidbrooke with the purpose of expediting the sale process?
- Much of the delay in leasehold conveyancing in Kidbrooke can be reduced if you get in touch lawyers as soon as you market your property and request that they start to collate the leasehold documentation needed by the purchasers’ conveyancers. If you hold a share in a the freehold, you should ensure that you have the original share certificate. Obtaining a new share certificate is often a time consuming formality and slows down many a Kidbrooke home move. If a new share is required, you should approach the company officers or managing agents (if relevant) for this as soon as possible. In the event that you altered the property did you need the Landlord’s approval? In particular have you laid down wooden flooring? Kidbrooke leases often stipulate that internal structural alterations or addition of wooden flooring necessitate a licence issued by the Landlord consenting to such works. Where you fail to have the paperwork to hand do not contact the landlord without contacting your lawyer first. A minority of Kidbrooke leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers.
I have given up negotiating a lease extension in Kidbrooke. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to determine the price.
An example of a Freehold Enfranchisement matter before the tribunal for a Kidbrooke residence is 18 Handen Road in April 2013. On 26 October 2012 District Judge Zimmels sitting at the Lambeth County Court made a Vesting Order that the Applicants be granted the right to acquire the freehold upon such terms and at such price determined by the LVT. The Tribunal arrived a figure of £39,535 as a valuation for the enfranchisement. This case was in relation to 3 flats. The unexpired residue of the current lease was 69.05 years.