Me and my partner are buying a 1 bedroom flat in Kingston upon Thames with a mortgage. We have a Kingston upon Thames lawyer, however the mortgage company advise she’s not on their "panel". We have to appoint one of the mortgage company panel solicitors or keep our Kingston upon Thames solicitor and pay for one of their panel firms to act for them. We regard this is inequitable; is there anything we can do?
No, not really. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the bank’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Kingston upon Thames conveyancing lawyer to apply to be on the conveyancing panel.
I am purchasing a newly built duplex in Kingston upon Thames and my conveyancer is advising me that she is duty bound to the bank to reveal incentives from the seller. The Estate Agents are hassling me to exchange and I don't want to prolong the conveyancing. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
It is 10 years ago since I acquired my home in Kingston upon Thames. Conveyancing lawyers have just been instructed on the sale but I am unable to track down the deeds. Will this cause complications?
Don’t worry too much. First the deeds may be kept by the lender or they may be in the possession of the conveyancers who acted in your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Most conveyancing in Kingston upon Thames relates to registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
It has been 2 months following my purchase conveyancing in Kingston upon Thames concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I need to instruct a conveyancing solicitor for sale conveyancing in Kingston upon Thames. I've chance upon a web site which seems to have the perfect offering If there is a chance to get all this stuff completed via email that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
We expect to complete the disposal of our £225,000 apartment in Kingston upon Thames in nine days. The freeholder has quoted £336 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Kingston upon Thames?
Kingston upon Thames conveyancing on leasehold flats nine out of ten times necessitates fees being raised by managing agents :
Addressing pre-exchange questions
Where consent is required before sale in Kingston upon Thames
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the proprietor of a two-bedroom flat in Kingston upon Thames. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
Absolutely. We can put you in touch with a Kingston upon Thames conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Kingston upon Thames property is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case was in relation to 1 flat.