It is is a decade since I purchased my property in Kilburn. Conveyancing solicitors have now been retained on the sale but I am unable to locate the deeds. Is this a problem?
You need not be too concerned. First there is a chance that the deeds will be retained by the mortgage company or they could be in the possession of the solicitor who handled your purchase. Secondly in all probability the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors acquiring current official copies of the land registers. The vast majority of conveyancing in Kilburn relates to registered property but in the unlikely event that your property is unregistered it is more problematic but is resolvable.
My mortgage company has suggested a law firm on their panel based in Kilburn but I would rather choose a conveyancing lawyer in Kilburn or nearer to where I live. Are you able to help?
Far from all Kilburn conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Please make the most of our search tool to find a Kilburn conveyancing conveyancer on the on the mortgage company panel.
I am the only recipient of my late father’s estate and I have everything in my name now, including the my former home in Kilburn. The Kilburn property was put into my name in October. I plan to dispose of the house. I do know about the CML 6 month 'rule', which means that my property ownership could be treated the same way as though I had purchased the property in October. Do I have to wait 6 months to sell?
The CML handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be affected by that. How sensible a view mortgage companies take of it, depend on the bank as this provision principally exists to identify the purchase and immediately sell or the wholesaling and assigning of property.
I have a mortgage with Santander for my property in Kilburn. Conveyancing was finalised a year ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
Santander must be informed of your intention before letting out your property as this is likely to be a breach of Santander’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Santander directly. You need not do this via a Santander conveyancing panel solicitor.
Our sealed bid on a semi in Kilburn has been agreed to, but there is a chain. The owners have put an offer on a flat, but it’s not yet tied up, and have viewings of other flats in the pipeline. I have chosen a nearby conveyancing solicitor in Kilburn. What should be my next step? When should I get the mortgage application with Leeds Building Society going?
It is normal to have anxieties where there is a chain as you are unlikely to want to incur expenses prematurely (mortgage application is in the region of one thousand pounds, then survey, Kilburn conveyancing search costs, etc). First, you should ensure that your solicitor is on the Leeds Building Society approved list. As to the subsequent steps this very much depends on the specifics of your case, attraction to the property and on the state of the market. In a hot market some buyers would apply for the mortgage with Leeds Building Society and pay for the valuation and only if it comes back ok would they ask their solicitor to move forward with searches.
What can a local search reveal regarding the house I am buying in Kilburn?
Kilburn conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company such as Onsearch The local search is essential in every Kilburn conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search will reveal information 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 thirteen topic sections.
How does conveyancing in Kilburn differ for new build properties?
Most buyers of new build or newly converted property in Kilburn approach us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is finished. This is because new home sellers in Kilburn usually purchase the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Kilburn or who has acted in the same development.
My cousin is buying a shared ownership flat in Kilburn. He was given a quote by the property lawyer recommended by the selling agents totaling £1385 . It was 9 years ago I sold and bought a property and the bill was £440. Have costs really gone up that much?
You should contact a few local Kilburn conveyancing solicitors seeking estimates. You should base your choice not solely on cost, but on promptness and on how comprehensive the response was.