Finally the sale completed on my house in Teddington last February but our buyer keeps whats apping every few hours complaining that their solicitor is waiting to hear from myconveyancer. What should my lawyer have done now that I have sold?
Post completion of your disposal your lawyer is obliged to send the transfer deeds and all additional paperwork to the purchaser's conveyancer. Depending on the transaction, your lawyer should also evidence that the legal charge in favour of the lender has been discharged to the purchasers solicitors. There is unlikely to be post completion requirements unique to conveyancing in Teddington.
I'm the sole beneficiary of my late mum's will and I have everything in my name now, including the house in Teddington. The Teddington property was put into my name in November. I want to move. I understand that there is a CML six month 'rule', which means that my property ownership may be regarded the same way as though I had purchased the house in November. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be affected by that. Most lenders would take a sensible view as this requirement is principally there to capture subsales or the flipping of property.
How can we know in advance if a Teddington conveyancing solicitor on the Clydesdale panel is any good?
When it comes to conveyancing in Teddington seeking recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always suggest that you speak with the lawyer carrying out your transaction.
I am purchasing a property in Teddington. An unusual aspect is that the roof has a solar panel. Lloyds have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Lloyds your lawyer must follow the conveyancing requirements outlined in Section 2 of UK Finance Lenders’ Handbook for Lloyds. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and conveyancers are required to report to Lloyds where a lease does not satisfy these provisions. The requirements relate to the installation of panels on properties nationwide and is not restricted to Teddington.
I bought my flat on 9 April and my personal details is yet to be on the land registry website. Should I be concerned? My conveyancing solicitor in Teddington advises it should be recorded in less than a month. Are properties in Teddington uniquely lengthy to register?
As far as conveyancing in Teddington is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can differ depending on the party submitting the application, whether it is in order and if the Land registry communicate with any interested persons or bodies. As of today roughly three quarters of such applications are fully addressed within two weeks but occasionally there can be longer delays. Registration is effected once the buyer has moved in to the premises thus post completion formalities is not usually top priority yet if it is urgent that the the registration takes place urgently then you or your solicitor could speak with the land registry and explain the circumstances.
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, chain free conveyancing. Teddington is the location of the property. What do you suggest?
Flying freeholds in Teddington are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Teddington you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Teddington may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
If all goes to plan we aim to complete the sale of our £325,000 garden flat in Teddington next Wednesday. The freeholder has quoted £408 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Teddington?
Teddington conveyancing on leasehold flats more often than not involves the buyer’s solicitor sending questions for the landlord to address. Although the landlord is under no legal obligation to address these enquiries the majority will be willing to assist. They are at liberty to levy a reasonable charge for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some transactions it is above £800. The management information fee invoiced by the landlord must be sent together with a synopsis of rights and obligations in respect of administration fees, without which the invoice is not strictly payable. In reality one has little option but to pay whatever is demanded should you wish to sell the property.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Teddington conveyancing firm to act on my behalf?
Where there is a missing landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to decide the amount due.
An example of a Lease Extension case for a Teddington premises is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case was in relation to 1 flat.
My wife and I have chosen a Teddington conveyancing solicitor for our house purchase (first time buyers) and have picked up in the Ts and Cs that they are not overseen by the FCA. Should I be worried or is that the norm with solicitor?
We can't see why they should be. Most conveyancing practitioner don't lend money. You should check that they are regulated by the SRA, who set strict rules in place on funds sitting on client account.