My Mill Hill conveyancer has uncovered a discrepancy when comparing the information in the valuation report and what is in the conveyancing documents. My lawyer says that he is duty bound to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s course or action right?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook conditions 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 you.
I am the registered owner of a freehold premises in Mill Hill but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Mill Hill and has limited impact for conveyancing in Mill Hill but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
My uncle advised me that in buying a property in Mill Hill there may be a number of restrictions preventing external changes to a property. Is this right?
We are aware of anumerous of properties in Mill Hill which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Mill Hill should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm the single recipient of my late father’s estate with all property in now in my sole name, including the house in Mill Hill. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship could be considered the same way as though I had purchased the property in October. Will no one buy the property for half a year?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. How practical a view lenders take of it, depend on the lender as this clause is chiefly there to identify the purchase and immediately sell or the flipping of properties.
We previously chose solicitors locally in Mill Hill on the Coventry BS solicitor approved list. They have just invoiced me an additional charge for handling the Coventry BS mortgage. Is this an additional conveyancing fee specified by Coventry BS?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancing practitioner can levy a fee for this. The fee is not set by Coventry BS but by your Mill Hill conveyancer. Plenty of firms on the Coventry BS panel will quote an ‘acting for lender’ fee and others do not.
I need some quick conveyancing in Mill Hill as I am under an ultimatum to exchange contracts inside one month. A mortgage is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free buyer you are at liberty not to do searches although no solicitor would suggest that you don't. With plenty of history conveyancing in Mill Hill the following are instances of issues that can arise and therefore affect future mortgageability: Enforcement Notices, Overdue Fees, Overdue Grants, Unadopted Roads,...
I have justfound out that Action Conveyancing have closed. They conducted my conveyancing in Mill Hill for a purchase of a freehold house 10 months ago. How can I establish that the property is in my name in the name of the former proprietor?
The quickest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Mill Hill conveyancing specialists.
Can I establish who is the owner of a house in Mill Hill?
Assuming that the property is recorded at HM Land Registry, and you have sufficient details of the address of the premises, you will be able to view results from the the Land Registry of the registered owner for a a minimal charge.