My solicitor has identified a defect with the lease for the property we are buying in West Hendon. The other side have put forward title insurance as a workaround. We are content with insurance and will pay for it. Our conveyancer says that he must be satisfied that the mortgage company is content with this solution. Who is the client here, us or the bank?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook conditions. You and the mortgage company are the client. The appropriate lender conditions have to be complied with.
We note that you have a post code search directory listing law firms on the Aldermore conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in West Hendon?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in West Hendon.
Is there a search tool that I can use to discover of the solicitor conducting my conveyancing in West Hendon is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus paying £192.00 in supplemental legal fees.
You should take advantage of the find a conveyancing panel solicitor tool on this web page. Please choose the lender and type ‘West Hendon’ or your location and you will see numerous conveyancers located in West Hendon or nearest you.
How does conveyancing in West Hendon differ for new build properties?
Most buyers of new build or newly converted property in West Hendon come to us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because builders in West Hendon usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in West Hendon or who has acted in the same development.
Looking forward to exchange soon on a garden flat in West Hendon. Conveyancing lawyers have said that they are sending me a report next week. What should I be looking out for?
The report on title for your leasehold conveyancing in West Hendon should include some of the following:
Advice concerning the obligations as set out in the lease to pay service charges - in relation to the building, and the wider rights a lessee enjoys What remedies are open the freeholder should you have breached the provisions of the lease? What you can do if an adjoining owner is in violation of a provision in their lease? You should know whether the lease allows you to alter or upgrade anything in the property- you should know whether any restrictions relates to all alterations or just structural alteration, and whether consent is mandated necessary You need to be told what counts as a Nuisance as far as the lease is concerned
Following months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in West Hendon. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a West Hendon conveyancing firm who can help.
An example of a Lease Extension decision for a West Hendon flat is First Floor Flat 61 Wilberforce Road in March 2014. The premium payable was £10,130 and the case was remitted back to the Willesden County Court to effect the Vesting Order (Claim No 3W103100). This case related to 1 flat. The unexpired term was 71 years.
I am due to consider estimates for conveyancing in West Hendon from various solicitor and choose one. Do I ask them to hold tight until I a suitable house to buy.
You should only request your property lawyer to open a file and order searches once the offer has been accepted on the property particularly as West Hendon conveyancing searches are not cheap.