The Lisson Grove conveyancing firm handling our Lisson Grove conveyancing has identified an inconsistency when comparing the surveyor’s assumptions in the valuation survey and what is in the conveyancing documents. My solicitor informs me that he must check that the lender is happy with this discrepancy and is content to go ahead. Is my solicitor’s stance correct?
Your property lawyer must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Why do I have to pay up front for conveyancing in Lisson Grove?
Where you are retaining lawyers for conveyancing in Lisson Grove your lawyer will ask you put them with funds to cover the the cost of the conveyancing searches. Ordinarily this is needed to cover the fees of the conveyancing searches. When the deposit is payable against the total price then this will be required immediately ahead of contracts are exchanged. The closing balance that is due should be transferred a couple of days prior to the completion date.
It has been three months since my purchase conveyancing in Lisson Grove completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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 property 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'm refinancing my primary home to a BTL loan with Barclays and intend to use the remaining equity towards a second property. The neighborhood we are talking about is Lisson Grove. Will your lawyers be able to act for the two lenders and link together the two deals?
Do use our search tool on this site to check that the lawyers are on the relevant lender panels. Having checked that they are your conveyancer will be able to simultaneously deal with the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and requirements.
Should I choose a Lisson Grove conveyancing lawyer who is local to the property I am purchasing? An old friend can perform the legal formalities however they are based 300miles away.
The benefit of a high street Lisson Grove conveyancing practice is that you can pop in to sign documents, present your ID and apply pressure on them if necessary. They will also have local intelligence which is a bonus. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and they were impressed that must trump using an unknown Lisson Grove conveyancing lawyer solely due to them being based in the area.
I have just started marketing my basement flat in Lisson Grove. Conveyancing lawyers have not yet been instructed, however I have just had a quarterly maintenance charge demand – Do I pay up?
It best that you pay the invoice as you normally would as all ground rent and service charges will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Lisson Grove. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to arrive at the amount due.
An example of a Lease Extension case for a Lisson Grove premises is Flats 37 & 39 88/90 Portland Place in December 2010. The Tribunal determined that the premium payable for the lease extensions in respect of these two flats is as follows:- For Flat 37, the sum of £385,230.00 For Flat 39, the sum of £436,780.00 This case affected 2 flats. The unexpired residue of the current lease was 24.02 years.