A mortgage agreement from HSBC for the refinancing of my 3 bedroom garden flat is expected within the next few days. Are you able to suggest a low cost conveyancing lawyer in Kennington?
This site is not designed to aid those in their quest for cut-price fees for conveyancing in Kennington. Our goal is to offer affordable conveyancing but our intention is not to advertise as being the cheapest. Do not be fooled by companies seducing you with low cost conveyancing in Kennington. In your best case scenario, in going for cheap conveyancing, you will earn what you pay for and at worst you will end up with a surprising uplift in additional fees and still not receive the service required.
My partner and I are only a couple days away from an exchange on a flat in Kennington and my mum and dad have transferred the ten percent deposit to my solicitor. I am now told that as the deposit has been sent from someone other than me my lawyer needs to make a notification to my mortgage company. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is not just from me. I informed the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for this now to delay the deal?
The conveyancer is obliged to check with the bank to ensure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My relative suggested that where I am buying in Kennington I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually quoted for as part of the standard Kennington conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Kennington around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Kennington.
My cousin has urged me to use his conveyancers in Kennington. Do I follow his guidance?
There are no two ways about it the best way to select a conveyancing solicitor is to get guidance from friends or family who have used the conveyancer you're are thinking of instructing.
I've recently bought a leasehold property in Kennington. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Following years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Kennington. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a Kennington conveyancing firm who can help.
An example of a Lease Extension case for a Kennington flat is Ground Floor Flat 39 Bronsart Road in May 2010. Following a vesting order by West London County Court the Leasehold Valuation Tribunal concluded that the price to be paid for the extended lease of the premises was Thirteen Thousand Two hundred pounds (£13,200) in accordance with the valuation. The extended lease was granted for a term of 90 years from the expiry date of the Lease and at a peppercorn ground rent from the date of the vesting order. This case affected 1 flat. The unexpired term was 74.77 years.