My partner and I are getting closer to an exchange on a property in East Acton and my parents have sent the exchange deposit to my conveyancing practitioner. I am now told that as the deposit has not come from me my lawyer needs to disclose this to my bank. Apparently, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the bank regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your property lawyer is legally required to check with mortgage company to ensure that they know that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
We are purchasing a house and need a conveyancing solicitor in East Acton who is on the Leeds Building Society solicitor panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Leeds Building Society . We don't recommend any particular firms conducting conveyancing in East Acton.
My brother-in-law has suggested I instruct a conveyancing solicitor in East Acton. I I am struggling to find out if they are on the Barclays Direct approved list of lawyers. Can you advise?
You should call the solicitor and ask them if they can act for the lender. Alternatively you can call Barclays Direct who may be able to confirm.
Various internet forums that I have frequented warn that are the primary reason for hinderance in East Acton house deals. Is this right?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the common causes of delays in the conveyancing process. Searches are not likely to feature in any delay in conveyancing in East Acton.
I am employed by a busy estate agency in East Acton where we see a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local East Acton conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord 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 buyer.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a East Acton conveyancing firm to assist?
Most certainly. We are happy to put you in touch with a East Acton conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a East Acton flat is 49 Long Drive in March 2014. The tribunal concluded that the price payable for the freehold interest in the Property should be £26,491 divided as to £12,546 in respect of the ground floor flat and £13,945 in respect of the first floor flat This case affected 2 flats. The unexpired term as at the valuation date was 68.47 years.
What can I do to establish who is the owner of a house in East Acton?
Provided the property is registered with the Land Registry, and you have the information of the location of the property, you should be able to view results from the HMLR of the recorded owner for a a minimal charge.