Souldinstructing a West Kensington conveyancing lawyer make the legal transfer of property easier?
West Kensington is a unique place, where regional knowledge is a significant benefit. The relaxed pace of life is great – just not for your home move. The solicitors that we work with combine vast West Kensington know how with a professional, hands-onapproach that helps the conveyancing to progress hassle free. It will certainly help if they enjoy long term rapport with mortgage brokers, local authorities, valuers and counterpart West Kensington conveyancing solicitors
Due to move into my new home in West Kensington next Thursday. My conveyancing practitioner now wants me to supply her with proof of content and building insurance for the property as he says that he has to check this in his capacity as lawyer for the lender. What does the insurance need to cover?
All property lawyers on acting for mortgage companies would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 requirements. These requirements are not specific to conveyancing in West Kensington.
In what way does my ID and proof of funds have anything to do with my conveyancing in West Kensington? Why is this being asked of me?
In order to comply with Money Laundering Regulations any West Kensington conveyancing firm will require proof of identity in all conveyancing matters. This is usually dealt with by provision of a passport and an original bank statement or utility bill evidencing where you reside.
In accordance with Money Laundering Regulations, conveyancers are duty bound to ascertain not only the ID of conveyancing clients but also the origin of the money that they receive in respect of any matter. An unwillingness to disclose this will lead to your conveyancer terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers are duty bound to inform the appropriate authorities should they consider that any amounts received by them may contravene the Money Laundering Regulations.
I have recentlydiscovered that Action Conveyancing have closed. They conducted my conveyancing in West Kensington for a purchase of a freehold house 12 months ago. How can I be sure that the property is in my name in the name of the previous owner?
The easiest way to see if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of West Kensington conveyancing specialists.
My husband and I are a fortnight into a residential purchase having been recommend to conveyancers by the high street agent to do our conveyancing in West Kensington. We are not happy. Can you help me find new conveyancers?
A conveyancer would need to be very bad to suggest replacing them. Has your loan offer been generated? If so you will need to inform them of the new conveyancer and ensure the loan are issued to the new lawyers. Your new conveyancer needs to be on the mortgage company panel to avoid supplemental charges and complications. That should be your first question of the new conveyancers. Our search tool should assist you in finding a lender approved lawyer for your home move in West Kensington
What advice can you give us when it comes to appointing a West Kensington conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a West Kensington conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non West Kensington conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:
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How many lease extensions has the firm carried out in West Kensington in the last twenty four months?
Having spent years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in West Kensington. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to assess the price.
An example of a Lease Extension decision for a West Kensington residence is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case related to 1 flat. The unexpired term was 37.79 years.