We are getting closer to an exchange on a flat in Kingston upon Thames and my parents have sent the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The conveyancing practitioner is obliged to check with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
We are planning to acquire a house and need a conveyancing solicitor in Kingston upon Thames who is on the HSBC conveyancing panel. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Kingston upon Thames.
We're in Kingston upon Thames, FTBs buying with a mortgage (lender is Leeds Building Society , and our lawyer is on the Leeds Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Leeds Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I need to instruct a conveyancing solicitor in Kingston upon Thames for my home move. Is it possible to review a solicitor's record with the profession’s regulator?
Anyone may find published Solicitor Regulator Association (SRA) decisions resulting from inquisitions from 2008 onwards. Visit Check a solicitor's record. For details about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, dial +44 (0)121 329 6800. The SRA may monitor telephone calls for training reasons.
I am tempted by the attractive purchase price for a two maisonettes in Kingston upon Thames both have approximately fifty years unexpired on the lease term. Do I need to be concerned?
There are plenty of short leases in Kingston upon Thames. The lease is a right to use the premises for a prescribed time frame. As the lease gets shorter the saleability of the lease deteriorates and it becomes more costly to extend the lease. This is why it is generally wise to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease as mortgage lenders may be reluctant 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.
We have reached the end of our tether in seeking a lease extension in Kingston upon Thames. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant statutes you can apply to the LVT to decide the price.
An example of a Lease Extension matter before the tribunal for a Kingston upon Thames premises 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 related to 1 flat.
Been searching for a conveyancing practitioner for leasehold sale conveyancing in Kingston upon Thames. We are selling, uncomplicated no mortgage to redeem, no rush, no onward chain. Got a quote from a conveyancing practitioner for £1000 plus VAT which is a little steep considering its so straightforward. Can I pay less for conveyancing in Kingston upon Thames?
Considering it’s a sale only, £500 + VAT is likely to be about the best for a Kingston upon Thames solicitor firm.