My husband and I are getting closer to an exchange on a property in Kensal Rise and my parents have sent the exchange deposit to my conveyancer. I am now informed that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my bank. Apparently, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancer is duty bound to clarify with the bank to ensure that they know 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.
I require fast conveyancing in Kensal Rise as I am under a deadline to complete in less than one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are not taking a mortgage you have the choice not to have searches conducted although no conveyancer would suggest that you don't. With plenty of history conveyancing in Kensal Rise the following are instances of what can arise and adversely impact the marketability of the property: Enforcement Notices, Outstanding Charges, Overdue Grants, Railway Schemes,...
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in last month in what should have been a straight forward, no chain conveyancing. Kensal Rise is where the house is located. Can you shed any light on this issue?
Flying freeholds in Kensal Rise are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kensal Rise you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kensal Rise may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Is it simple use the search facility to locate a conveyancing practitioner in Kensal Rise on the panel for my lender?
1st pick a lender such as National Westminster Bank, Skipton Building Society or Alliance & Leicester then specify your preferred area e.g. Kensal Rise. Conveyancing practices in Kensal Rise and across England and Wales should be identified.
I only have 72 years left on my flat in Kensal Rise. I am keen to get lease extension but my freeholder is absent. What should I do?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to prove that you or your lawyers have made all reasonable attempts to locate the freeholder. In some cases an enquiry agent would be useful to conduct investigations and to produce a report which can be accepted by the court as evidence that the landlord can not be located. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s disappearance and the application to the County Court covering Kensal Rise.
After years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Kensal Rise. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We can put you in touch with a Kensal Rise conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Kensal Rise premises is 85A Chevening Road in August 2013. the Tribunals conclusions resulted in a payment of a premium for the new lease in the sum of £11,211 This case was in relation to 1 flat. The unexpired term as at the valuation date was 84.34 years.