I am obtaining a offer of a home loan from Lloyds. I hope to enlist the help of a Licensed Conveyancer in Old Oak Common. Does the Lloyds Conveyancing panel exclude Licensed Conveyancers?
The Lloyds conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
We were just about to sign contracts for a semi detached house in Old Oak Common. We have hit a snag. Our loan offer with Barclays expires on 23/3/2026 but the sellers are putting forward a completion date of 25/3/2026. Is it possible to extend the mortgage offer?
The best person to deal with your question is your conveyancer who will assess whether they better off negotiating with the mortgage company, vendor’s conveyancers, estate agents or indeed all three based on the history of your transaction to date.
It is is a decade since I purchased my property in Old Oak Common. Conveyancing solicitors have now been appointed on the sale but I can't locate the title deeds. Is this a problem?
Don’t worry too much. First the deeds may be retained by the mortgage company or they may still be with the solicitor who oversaw your purchase. Secondly the likelihood is that the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining up to date copy of the land registers. Almost all conveyancing in Old Oak Common involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
My cousin has recommend that I use his conveyancing solicitors in Old Oak Common. Should I choose my own property lawyer?
There are no two ways about it the best way to choose a conveyancing solicitor is to seek recommendations from friends or relatives who have actually experience in using the conveyancer you're contemplating using.
I am looking at a couple of apartments in Old Oak Common both have approximately 50 years remaining on the leases. Will this present a problem?
A lease is a right to use the property for a prescribed time frame. As a lease gets shorter the saleability of the lease deteriorates and it becomes more costly to extend the lease. This is why it is often a good idea to increase the term of the lease. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
After months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Old Oak Common. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to judgment on the sum to be paid.
An example of a Freehold Enfranchisement decision for a Old Oak Common premises is 49 Long Drive in March 2014. The tribunal concluded that the price payable for the freehold interest in the Property should be £26,491 divided as to £12,546 in respect of the ground floor flat and £13,945 in respect of the first floor flat This case affected 2 flats. The unexpired residue of the current lease was 68.47 years.
My wife and I have recently appointed a conveyancing solicitor in Old Oak Common. I need to find out if they are on the lender's conveyancing panel. Could you help?
It’s a good idea call your solicitor to check if they are on the bank's panel. If that does not help get in touch with us and we can make some checks for you. If they are not on the bank panel we we can help find a quality conveyancing solicitor in Old Oak Common on the approved list for your mortgage company.