Me and my partner are due to exchange on the purchase of a house in Lisson Grove but as a result of damage from some water damage at the property I have was able negotiate recompense from the current proprietors of three thousand pounds in the form of a deduction in the price. I had intended this to be dealt with as part of the conveyancing process however Leeds Building Society will not agree to this. Why were they involved?
Your lawyer being on a Leeds Building Society approved list is obliged to advise Leeds Building Society of any variations to the purchase price. If you were to refuse your conveyancer to notify the reduction to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new property lawyer for your conveyancing in Lisson Grove.
My aunt passed away 10 months ago and as sole heir and executor I was left the property in Lisson Grove. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Kent Reliance, pay off the mortgage. Is this possible?
Given you intend to re-mortgage then Kent Reliance will require that you use a conveyancer on the Kent Reliance conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Kent Reliance conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Kent Reliance mortgage is registered as a charge at the Land Registry.
What is the difference between a licensed conveyancer and conveyancing solicitor in Lisson Grove
There are many registered licenced Conveyancers in Lisson Grove and Solicitor firms in Lisson Grove who can assist with your conveyancing It is important to make clear that the two are regulated professionals specialising in the legal aspects of transferring property. The two can deal with associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
A relative advised me that in buying a property in Lisson Grove there could be various restrictions preventing external changes to the property. Is this right?
We are aware of anumerous of properties in Lisson Grove which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Lisson Grove should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am expecting a AIP from TSB this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any Lisson Grove solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Lisson Grove solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
Due to the encouragement of my in-laws I had a survey completed on a house in Lisson Grove in advance of retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor advised that some banks will refuse to give a loan on a flying freehold home.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you call 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 Lisson Grove. Conveyancing may be slightly more expensive based on your lender's requirements.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £175,000 flat in Lisson Grove next Tuesday. The management company has quoted £420 for Landlord’s certificate, building insurance schedule and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a flat conveyance in Lisson Grove?
Lisson Grove conveyancing on leasehold flats usually necessitates the purchaser’s lawyer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to answer such questions most will be willing to assist. They are entitled to invoice a reasonable charge for answering questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The administration charge required by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration charges, otherwise the invoice is not strictly payable. Reality however dictates that you have no option but to pay whatever is requested of you if you want to complete the sale of your home.
Having spent months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Lisson Grove. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the price.
An example of a Lease Extension decision for a Lisson Grove residence 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 term was 24.02 years.
I am buying a house and need a conveyancing solicitor in Lisson Grove who is on the lender conveyancing panel. Can you recommend a Lisson Grove or local Lisson Grove conveyancing firm?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who carry out conveyancing in Lisson Grove. We dont recommend any particular solicitor.