I am progressing with the sale of my ground floor flat in Bedfont and the estate agent has just telephoned to say that the buyers are appointing a new solicitor. I am told that this is due to the fact that the mortgage company will only deal with solicitors on their approved list. Why would a leading lender only work with specific solicitors rather the firm that they want to choose for their conveyancing in Bedfont ?
Mortgage companies have always had an approved set of law firms they are willing to work with, but in recent years big names such as Nationwide, have considered and reduced their conveyancing panel– in some cases removing conveyancing firms who have worked with them for decades.
Lending institutions blame a rise in fraud by way of justification for the pruning – criteria have been stiffened as a smaller panel is easier to maintain. No lender will say how many solicitors have been dropped, claiming the information is commercially sensitive, but the Law Society says it is being contacted daily by practices that have been removed from panels. Some do not even realise they have been dropped until contacted by a borrower who has instructed them as might be the situation in your buyers' case. Your purchasers are not going to have any impact on this.
Me and my partner are soon to complete on the purchase of a house in Bedfont but as a consequence of damage from some water damage at the property I have managed to agree recompense from the seller in the sum of £3k in the form of a reduction in the price. I had intended this to be dealt with as part of amending the contract however Bank of Ireland are not allowing this. Should they have been notified?
The solicitor being on a Bank of Ireland approved list is required to advise Bank of Ireland of any amendments to the purchase price. If you prohibit your conveyancer to notify the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new property lawyer for your conveyancing in Bedfont.
It has been three months since my purchase conveyancing in Bedfont completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking into buying my first house which is in Bedfont and I am already nervous. I couldn't find anything specific about Bedfont. Conveyancing will be needed in due course but do you know about the Bedfont area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Bedfont. In the meantime here are some basic statistics that we found
My partner and I may need to rent out our Bedfont basement flat for a while due to a new job. We instructed a Bedfont conveyancing firm in 2002 but they have since shut and we did not think at the time seek any guidance as to whether the lease prohibits the subletting of the flat. How do we find out?
Even though your previous Bedfont conveyancing lawyer is not around you can check your lease to check if you are permitted to let out the apartment. The rule is that if the deeds are silent, subletting is permitted. Quite often there is a prerequisite that you must obtain consent via your landlord or some other party before subletting. The net result is that you cannot sublet without first obtaining consent. Such consent is not allowed to be unreasonably turned down. If the lease does not allow you to sublet you will need to ask your landlord if they are willing to waive this restriction.
I inherited a ground-floor 1960’s flat in Bedfont. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
if there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to determine the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Bedfont premises is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case related to 1 flat. The unexpired term was 82.93 years.
A couple of weeks ago I was advised by my lender that their approved conveyancers operate no completion no fee basis for conveyancing in Bedfont. Our purchase fell through nevertheless the conveyancers have requested search fees! They say the fees are nothing to do with their fees!
By promising "no move no fee" Bedfont conveyancing practices are writing off their charges for any work conducted. We must stress this is NOT an insurance scheme. Disbursements aren’t covered – where the lawyer have to pay money out to third parties, e.g. Bedfont local search fees