What does my ID and proof of funds have anything to do with my conveyancing in Maida Hill? Why is this being asked of me?
You are right in the requirement set out by your lawyer has nothing to do with conveyancing in Maida Hill. Nowadays you will not be able to proceed with any conveyancing deal if you have not handing over proof of your identity. Ordinarily this takes the form of a either your passport or driving licence and a council tax bill. Please note that if you are providing your driving licence as evidence of ID it needs to be both the paper element and photo card part, one is not sufficient without the other.
Verification of the origin of money is necessary in accordance with the Money Laundering Regulations. Please do not be offended when when this is requested of you as your lawyer will need to retain this information on file. Your Maida Hill conveyancing practitioner will need to see evidence of proof of funds prior to accepting any money from you into their client account and they will also ask further questions regarding the origin of monies.
Is there a list of RBS panel conveyancers in Maida Hill on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings open the public over the internet. Where you are looking for a Maida Hill solicitor on the RBS please use our facility.
The formalities of my purchase has taken place for my property in Maida Hill. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Department at head office. We understand that complaints to a lender are resolved very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
At last I have had an offer on a maisonette in Maida Hill agreed to, but there is a chain. The vendors have offered on a flat, but it’s not yet tied up, and have viewings of other properties booked. I have selected a local conveyancing solicitor in Maida Hill. What do I do now? At what point should I apply for the mortgage with Nottingham?
It is normal to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket prematurely (mortgage application is in the region of one thousand pounds, then valuation, Maida Hill conveyancing search fees, etc). The first course of action is to check that your solicitor is on the Nottingham approved list. As to the next stages this very much dictated by the circumstances of your transaction, attraction to this property and on the state of the market. During a buoyant market some purchasers will apply for the mortgage with Nottingham and arrange for the valuation and only if it was satisfactory would they ask their conveyancer to proceed with the conveyancing in Maida Hill.
Me and my brother own a terraced Georgian house in Maida Hill. Conveyancing solicitor acted for me and Skipton Building Society. I did a free Land Registry search last week and I saw a couple of entries: the first freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Maida Hill and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing solicitor who completed the work.
I opted to have a survey carried out on a property in Maida Hill ahead of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some banks will refuse to issue a loan on a flying freehold home.
It depends who your proposed lender is. Lloyds has different requirements for example to Halifax. Should you wish to telephone us we can check 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 Maida Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Maida Hill to see if the conveyancing will be more expensive.
How easy is it to use your search facility to find a conveyancing solicitor in Maida Hill on the authorised to act for my bank?
First choose a mortgage company such as Lloyds TSB Bank, Coventry Building Society or Alliance & Leicester then specify your preferred area e.g. Maida Hill. Conveyancing organisations in Maida Hill and across England and Wales will then be shown.
I am a negotiator for a reputable estate agent office in Maida Hill where we have experienced a number of flat sales derailed due to leases having less than 80 years remaining. I have received contradictory information from local Maida Hill conveyancing firms. Could you confirm whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Maida Hill conveyancing firm to represent me?
Where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to determine the premium.
An example of a Lease Extension case for a Maida Hill premises is Flat 1 57 Oxford Gardens in January 2014. the Tribunal decided that the premium to be paidfor a new lease is £61,650.00. This case was in relation to 1 flat. The unexpired term was 60 years.