My husband and I are nearing an exchange on a flat in Clerkenwell and my mum and dad have transferred the 10% deposit to my lawyer. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to make a notification to my bank. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender about my parents' contribution when I applied for the mortgage, so is it really necessary for this now to delay the deal?
The lawyer is legally required to check with lender to make sure that they know that the balance of the purchase price is not from your own funds. The solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
Can you help - my lawyer says that lack of right of way insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Clerkenwell?
The right level of lack of right of way indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and Bank of Scotland. Conveyancing lawyers as opposed to members of the public take out such policies.
We expect to receive a AIP from TSB this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do TSB recommend any Clerkenwell solicitors on the TSB conveyancing panel, or is it better to go independently?
You will need to appoint Clerkenwell solicitors independently although you'll need to choose one on the TSB conveyancing panel. The solicitor represents both you and TSB through the process.
I have instructed a Clerkenwell conveyancer having made sure that they are on the UBS conveyancing panel. Does my lawyer arrange the survey of the property?
UBS will need an independent valuation of the property. Your lawyer will not arrange this. Usually UBS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Clerkenwell surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
I am looking into buying my first house which is in Clerkenwell and I am already nervous. I couldn't find anything specific about Clerkenwell. Conveyancing will be needed in due course but do you know about the Clerkenwell area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Clerkenwell. In the meantime here are some basic statistics that we found
I need to appoint a conveyancing solicitor for purchase conveyancing in Clerkenwell. I happened to stumble upon a site which appears to be the perfect answer If there is a chance to get all formalities done via email that would be ideal. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold flat in Clerkenwell. Conveyancing and TSB mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1991. The conveyancing solicitor in Clerkenwell who previously acted has now retired. What should I do?
First contact HMLR to be sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. There is no need to instruct a Clerkenwell conveyancing firm to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Having spent years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Clerkenwell. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing freeholder or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to decide the amount due.
An example of a Lease Extension decision for a Clerkenwell property is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case was in relation to 1 flat. The unexpired term was 66.8 years.
The conveyancers carrying out our conveyancing in Clerkenwell has forwarded documents to review that state the land is unregistered with epitome documents. How can it be that the property not currently recorded at HM Land Regsitry?
It is rare for premises in Clerkenwell not to be registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many Clerkenwell conveyancing lawyers should be familiar with this type of conveyancing but if any uncertainty exists the conventional advice presently seems to be for the seller’s conveyancer to deal with the registration formalities first and thereafter sell - this this chain of events will result in a significant delay.