I am acquiring residence in Brondesbury. My Solicitor is not listed on the bank solicitor panel. Is it possible for me to appoint my Brondesbury conveyancing solicitor notwithstanding that they are excluded from the mortgage company panel?
One will need to instruct a property lawyer to complete the formalities when you need a mortgage to buy your home. They will carry out all the necessary investigations on the property, make sure that you will be properly registered as the owner and ensure that all the required mortgage documentation is dealt with. You may instruct a Brondesbury conveyancing practitioner of your choice. However, if the conveyancer selected is not a member of the bank approved list additional fees will be incurred as separate legal representation will be required by them. Lender panel applications may be submitted, so where your solicitor has not historically sought membership they can do so.
Our lawyer has identified a defect with the lease for the property we are purchasing in Brondesbury. The seller’s lawyers have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our property lawyer has advised that he must check that the lender is happy with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and found one round the corner in Brondesbury I like with a park and railway links nearby, however it only has 51 years unexpired on the lease. I can't really find anything else in Brondesbury suitable, so just wondered if I would be making a grave error acquiring a short lease?
If you need a home loan the shortness of the lease may be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I am looking to sell my house. My former conveyancers has retired. I am in need of a recommendation of a conveyancing firm. Im based in Brondesbury if that makes a difference.
Do use our search tool to help you find a solicitor for your conveyancing in Brondesbury. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
My uncle has suggested that I use his lawyers for conveyancing in Brondesbury. Do I follow his recommendation?
No doubt the best way to find a conveyancing solicitor is to seek guidance from friends or family who have previously instructed the solicitor that you are considering.
I own a leasehold house in Brondesbury. Conveyancing and Halifax mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Brondesbury who previously acted has now retired. What should I do?
The first thing you should do is contact HMLR to make sure that this person is indeed the new freeholder. There is no need to instruct a Brondesbury conveyancing lawyer to do this as it can be done on-line for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have given up seeking a lease extension in Brondesbury. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the LVT to calculate the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Brondesbury residence is 50a Cavendish Road in April 2014. The Tribunal determines that the premium payable by the Applicant in respect of the extension of the lease for the flat was £82,319. This case affected 1 flat. The number of years remaining on the existing lease(s) was 49.26 years.