Completed the sale of my flat in West Brompton last October yet the purchaser is telephoning every few hours to say their lawyer is waiting to hear from myconveyancer. What should have happened following completion?
Following your sale your conveyancer should deliver the transfer deeds and all of the paperwork to the buyer’s solicitors. Where appropriate, your conveyancer should also confirm that the home loan has been paid off to the purchasers solicitors. There is unlikely to be post completion steps specific conveyancing in West Brompton.
I opted to have a survey completed on a house in West Brompton in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the property. Our surveyor advised that some mortgage companies may refuse to grant a loan on this type of property.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in West Brompton. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in West Brompton to see if the conveyancing will be more expensive.
I'm remortgaging my existing house to a buy to let mortgage with Clydesdale and I will use the rest of the raised equity as a down payment on a second property. The location we are talking about is West Brompton. Will your solicitors be able to act for the two mortgage companies and tie in the conveyances?
Make use of our search tool on this site to ensure that the lawyers are on the relevant lender panels. Having checked that they are your lawyer should be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and communicate your expectations and needs.
I am 14 days into a leasehold purchase having been directed to conveyancers by the high street agent to perform conveyancing in West Brompton. We are not happy. Can you you assist me in finding new lawyers?
A solicitor would have to be very bad in order to consider changing them. Has your mortgage been sent? If so you must inform them of the replacement conveyancer and get the loan are re-issued. Your conveyancer should be on the mortgage company approved list to avoid added expenses and frustration. So that should be your first question of the new conveyancers. Our search tool should assist you in finding a lender approved solicitor for your home move in West Brompton
I am a negotiator for a busy estate agent office in West Brompton where we see a number of flat sales put at risk as a result of short leases. I have been given inconsistent advice from local West Brompton conveyancing firms. Could you confirm whether the vendor of a flat can initiate the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Despite our best endeavours, we have been unsuccessful in trying to reach an agreement for a lease extension in West Brompton. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to judgment on the premium.
An example of a Freehold Enfranchisement case for a West Brompton property is 5 Wetherby Gardens in June 2014. the Tribunal concluded that the price to be paid for the freehold of the property was £2,369,452. This case affected 5 flats. The remaining number of years on the lease was 38.98 years.
Is it necessary during the course of the conveyancing process to attend the offices of the mortgage company conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in West Brompton as it will be easier to attend their offices if necessary.
Most conveyancing panel lawyers for the lender undertake conveyancing via the post, internet or over the phone. This means that they can undertake your Conveyancing Transaction no matter where you live in England or Wales. YOu dont have to use a conveyancing solicitor in West Brompton. However you should check if you can still book an appointment to go into appointed conveyancing lawyer if you prefer.