Unfortunately I am unable to travel far from Wealdstone. I would like to know the understand why all Wealdstone lawyers are not on all lender panels?
As inequitable as it may seem for lenders to limit who can represent them, from the public’s or solicitor’s perspective, the flip side is that banks are becoming ever more anxious and regard it essential to protect them against illegal activities. As a result of this concern mortgage companies are limiting their panel of approved conveyancing lawyers to a size that they are happy to control.
I decided to have a survey carried out on a property in Wealdstone ahead of instructing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some mortgage companies will refuse to give a loan on this type of property.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to telephone us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Wealdstone. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm refinancing my current home to a BTL loan with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on a second property. The neighborhood we are interested in is Wealdstone. Will your lawyers be able to act for both sets of banks and link together the conveyances?
Do use our search tool on this page to ensure that the conveyancers are approved by both banks. Having checked that they are your conveyancer should be able to connect the two transactions but you should talk with you solicitor and specify your expectations and requirements.
Last August I purchased a leasehold house in Wealdstone. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee 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).
I have attempted and failed to negotiate with my landlord to extend my lease without getting anywhere. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a Wealdstone conveyancing firm to represent me?
Where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the price.
An example of a Freehold Enfranchisement case for a Wealdstone property is 139/139A Masons Avenue in February 2010. this was a case with an absentee freeholder. As a result the leaseholders applied to Willesden County Court for an order dispensing with the giving of a notice of claim.14th October 2009 District Judge Brar granted a vesting order and the court directed that the matter should be transferred to this tribunal to determine the freehold premium. The tribunal concluded on a figure of £13,000 for the freehold interest This case related to 1 flat. The unexpired term as at the valuation date was 74 years.
We had our mortgage agreed in principle on Monday with our lender. We have retained a high street conveyancer in Wealdstone last week. Today, our financial adviser phoned to advise us that the lender said that we cannot use our solicitor as they aren't on their panel. As novices, we had no idea that the mortgage company had a say Is this legal?
You are at liberty to choose any lawyer you want to appoint for your conveyancing in Wealdstone but if they are not on the your lender's approved list you must incur additional cost so the mortgage company can instruct their own conveyancer too. It may be conceivable that your solicitor may apply to get included on to the mortgage company list of approved firms. You can use internet search facilities such as lenderpanel.com to find a conveyancing solcitor in Wealdstone on the lender panel. You can go into your local lender branch in Wealdstone. They will know some good conveyancing solicitors in Wealdstone on the approved list.