It is is a decade since I bought my property in Westcombe Park. Conveyancing solicitors have just been instructed on the sale but I can't track down the title deeds. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be with the mortgage company or they could be in the possession of the conveyancers who handled your purchase. Secondly in all probability the property will be registered at the land registry and you will be able to establish that you own the property by your conveyancing solicitors acquiring current official copies of the land registers. Nearly all conveyancing in Westcombe Park relates to registered property but in the rare situation where your property is not registered it adds to the complexity but is resolvable.
I have been told that property searches are the number one cause of obstruction in Westcombe Park conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of delay in conveyancing in Westcombe Park.
I am purchasing a new build house in Westcombe Park with a loan from TSB. The sellers refused to reduce the amount so I negotiated 6k of extras instead. The property agent told me not disclose to my solicitor about the extras as it would put at risk my mortgage with TSB. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking into buying my first house which is in Westcombe Park and I am already nervous. I couldn't find anything specific about Westcombe Park. Conveyancing will be needed in due course but do you know about the Westcombe Park area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Westcombe Park. In the meantime here are some basic statistics that we found
Back In 2009, I bought a leasehold flat in Westcombe Park. Conveyancing and The Royal Bank of Scotland mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1998. The conveyancing practitioner in Westcombe Park who previously acted has long since retired. What should I do?
First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Westcombe Park conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I have had difficulty in negotiating a lease extension in Westcombe Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a Westcombe Park conveyancing firm who can help.
An example of a Lease Extension case for a Westcombe Park premises is 73 Walerand Road in August 2012. the result of the findings of the Tribunal led to a premium to be paid for the extended lease in respect of Flat 73 in the sum of £10,040. The premium applicable in respect of Flat 85 was £5,710. This case related to 2 flats. The unexpired term as at the valuation date was 72 years.
My lender have just issued us with a mortgage offer. We instructed a local conveyancer in Westcombe Park two days ago. This morning, our financial adviser contacted us saying that the lender said that we cannot use our solicitor as they aren't on their panel. As novices, we did not have a clue that the mortgage company had a say Is this permitted?
You can actually select any conveyencer you want to use including the said conveyancer in Westcombe Park nevertheless if your bank aren't happy with them you would have to incur an extra fee so the bank can instruct their own lawyers. On occasion it is conceivable that your solicitor may apply to get included on to the mortgage company list of approved firms. Do make the most of online tools including lenderpanel.com to find a conveyancing solcitor in Westcombe Park on the lender panel. You can go into your high street bank branch in Westcombe Park. They can recommend conveyancing solicitors in Westcombe Park on the lender panel.