Forgive me if this question is silly but I am unseasoned as FTB of a garden flat in Osterley Park. Do I collect the keys to the premises on the completion date from my conveyancer? If so, I will appoint a High Street conveyancing solicitor in Osterley Park?
On the day of completion you do not need to go to the conveyancers office in Osterley Park. Conveyancing lawyers for you will transfer the purchase money to the seller's lawyers, and once they have received this, you should be invited to receive the keys from the Estate Agents and move into your new home. This tends to happen between 1 and 3pm.
I can not work out if my bank requires a lease extension. I have called into my local Osterley Park bank branch on various occasions and was told it does not impact the mortgage offer and they will lend. My Osterley Park conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned and was told they would not lend based on their published requirements. Who do I believe?
Your conveyancing practitioner must comply with the CML Handbook section two provisions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
I was told two weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Osterley Park is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
What will a local search inform me regarding the property we're purchasing in Osterley Park?
Osterley Park conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search company such as Searchflow The local search plays a central part in many a Osterley Park conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your property. The search should reveal data on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
Just had an offer accepted on a new build apartment in Osterley Park. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Osterley Park
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Please supply a car parking plan. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please provide evidence that the form of Lease proposed has been approved by the Land Registry.
I opted to have a survey completed on a property in Osterley Park in advance of retaining solicitors. I have been advised that there is a flying freehold element to the house. The surveyor advised that some mortgage companies may not issue a mortgage on such a property.
It depends who your proposed lender is. HSBC has different instructions from Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Osterley Park. Conveyancing may be slightly more expensive based on your lender's requirements.
My partner has suggested that I instruct his lawyers for conveyancing in Osterley Park. Do I take his guidance?
There are no two ways about it the ideal way to select a conveyancing solicitor is to seek feedback from friends or relatives who have actually previously instructed the solicitor that you are are thinking of instructing.
I only have Sixty One years unexpired on my lease in Osterley Park. I now want to get lease extension but my landlord is missing. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have made all reasonable attempts to find the landlord. In some cases a specialist may be useful to conduct investigations and to produce a report to be used as evidence that the landlord is indeed missing. It is wise to seek advice from a property lawyer both on investigating the landlord’s absence and the application to the County Court overseeing Osterley Park.
After months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Osterley Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can put you in touch with a Osterley Park conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Osterley Park flat is 6 Jessamine Road in August 2013. The Tribunals valuation (as annexed to the decision) calculated the amount payable as £18,355 for the freehold reversion This case related to 2 flats. The unexpired lease term was 72.39 years.