Me and my partner are soon to exchange buying a house in West Kensington but as a result of wreckage from the recent storms I have was able negotiate reparation from the current proprietors of £2k taking the form of a deduction in the price. This was going to be addressed as part of amending the contract yet Bank of Ireland are not allowing this. Should they have been notified?
Any conveyancer being on the Bank of Ireland approved list is obliged to advise Bank of Ireland of any changes to the purchase price. If you were to refuse your solicitor to notify the reduction to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new conveyancing practitioner for your conveyancing in West Kensington.
As someone not used to the West Kensington conveyancing process what is the number one tip you can impart concerning the legal transfer of property in West Kensington
Not many law firms or advisers will tell you this but conveyancing in West Kensington and elsewhere in West London is often a confrontational experience. Put another way, when it comes to conveyancing there is lots of room for confrontation between you and other parties involved in the legal transfer of property. For example, the vendor, property agent and on occasion the lender. Appointing a solicitor for your conveyancing in West Kensington should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the legal process whose interest is to act in your best interests and to keep you safe.
There is a worrying creep of a "blame" culture- someone must be at fault for the process taking so long. We recommend that you must always trust your conveyancer ahead of all other parties in the home moving process.
Various web forums that I have come across warn that are the primary reason for delay in West Kensington house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not feature amongst the most frequent causes of delays during the legal transfer of property. Searches are unlikely to feature in any slowing down conveyancing in West Kensington.
I purchased my house on 5 May and the transaction details are still not registered. Any reason for this? My conveyancing solicitor in West Kensington advises it would be dealt with in a couple of weeks. Are titles in West Kensington particularly slow to register?
As far as conveyancing in West Kensington is concerned, registration is no faster or slower than anywhere else in England and Wales. Rather than based on location, timescales can differ subject to who lodges the application, whether it is in order and whether the Land registry communicate with any 3rd parties. As of today roughly 80% of submission are fully addressed within two weeks but some can be subject to protracted delays. Historically registration is effected after the buyer is living at the premises so 'speed' is not typically an essential issue but if it is urgent that the the registration takes place urgently then you or your conveyancer should contact the land registry and explain the circumstances.
I have been advised by two or three local estate agents in West Kensington to choose a solicitor on your site. What’s the financial advantage for Estate Agents to offer your services rather than a competitor’s?
We don’t make any financial incentive for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
We expect to complete our sale of a £425,000 flat in West Kensington in seven days. The freeholder has quoted £336 for Certificate of Compliance, building insurance schedule and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in West Kensington?
West Kensington conveyancing on leasehold apartments often necessitates the buyer’s lawyer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to answer these enquiries most will be willing to do so. They may 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 over three hundred pounds, in some cases it is in excess of £800. The management information fee required by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration charges, otherwise the charge is technically not due. Reality however dictates that you have little choice but to pay whatever is demanded should you wish to exchange contracts with the buyer.
Despite our best efforts, we have been unsuccessful in trying to purchase the freehold in West Kensington. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a West Kensington conveyancing firm who can help.
An example of a Lease Extension case for a West Kensington property 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 was in relation to 1 flat. The unexpired residue of the current lease was 37.79 years.