Just contacted my conveyancing solicitor in Seven Kings who conducted the legals two years ago requesting a conveyancing costs illustration based on the same type of house move (a leasehold premises and a freehold premises) of similar values with a loan from Barclays . I am now being charged twice the amount. Am I right to be tempted to shop around for an alternative conveyancer?
The charges are a tad high. If you shop around you might get the conveyancing a bit cheaper by as much as £125. That being said, if you were pleased with the service the firm offered you mightcome to regret opting for an an unknown solicitor. Remember to be sure the solicitor can also act for Barclays . Do employ our search tool to choose a Seven Kings conveyancing firm on the Barclays approved list of lawyers, which can often include conveyancing solicitors in Seven Kings.
Our son is in the process of securing a house that has just been built in Seven Kings with a home loan from Lloyds. His solicitor has advised him of a delay in receiving the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties involved in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Lloyds conveyancing panel as a standard part of the process, and to the valuer when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Lloyds conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Should our solicitor be making enquiries about flooding as part of the conveyancing in Seven Kings.
The risk of flooding is if increasing concern for solicitors dealing with homes in Seven Kings. There are those who purchase a house in Seven Kings, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, but there are a numerous checks that may be carried out by the buyer or by their lawyers which should give them a better understanding of the risks in Seven Kings. The standard completed inquiry forms given to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the seller to discover whether the premises has ever been flooded. In the event that the property has been flooded in past and is not revealed by the seller, then a buyer may commence a legal claim for losses as a result of such an inaccurate reply. The buyer’s conveyancers will also commission an enviro report. This will reveal if there is any known flood risk. If so, additional inquiries should be carried out.
3 months have elapsed since my purchase conveyancing in Seven Kings completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 asset 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 am looking into buying my first house which is in Seven Kings and I am already nervous. I couldn't find anything specific about Seven Kings. Conveyancing will be needed in due course but do you know about the Seven Kings area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Seven Kings. In the meantime here are some basic statistics that we found
Looking forward to sign contracts shortly on a studio apartment in Seven Kings. Conveyancing lawyers assured me that they are sending me a report on Monday. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Seven Kings should include some of the following:
Where does the liability rest for maintaining the window frames Setting out your rights in respect of common areas in the block.For example, does the lease permit a right of way over an accessway or hallways? It needs to be made clear to you whether the lease allows you to add or upgrade aspects of the property- you must be made aware as to whether any restrictions applies to all alterations or limited to structural alteration, and whether consent is required Does the lease prevent you from letting out the flat, or working from home You would want to receive a copy of the lease
I inherited a a ground floor purpose built flat in Seven Kings. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the sum payable for a lease extension?
in cases where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to judgment on the amount due.
An example of a Lease Extension decision for a Seven Kings residence is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case related to 1 flat. The unexpired residue of the current lease was 61.36 years.