I am the single beneficiary of my late mum's estate with all property in now in my sole name, including the my former home in Hampstead. The Hampstead property was put into my name in February. I want to move. I do know about the CML six month 'rule', which means that my property ownership will be treated the same way as if I'd bought the property in February. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook obliges solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be impacted by that. many mortgage companies would take a sensible view as this provision primarily exists to pick up on subsales or the wholesaling and assigning of property.
I currently have a mortgage with Lloyds for my property in Hampstead. Conveyancing has been completed a year ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Lloyds?
Lloyds must be informed of your intention prior to renting your property as this is likely to be a breach of Lloyds’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Lloyds directly. It should not be necessary to do this via a Lloyds conveyancing panel firm.
I recently had an offer accepted on an apartment in Hampstead. My financial adviser recommended their conveyancers. I paid an advanced payment of £175. A couple of days later, the lawyer called me sheepishly admitting that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My partner and I are planning on selling our property in Hampstead and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. Any high street Hampstead lawyer would know this is not the case. For the life of me I don't know why the purchasers used a factory type conveyancing practice rather than a conveyancing solicitor in Hampstead. Having lived in Hampstead for six years we know of no issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I am looking for a ground for flat up to £195,000 and found one near me in Hampstead I like with open areas and railway links in the vicinity, however it's only got 49 years unexpired on the lease. There is not much else in Hampstead for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
Is it possible to change conveyancer as I have to find a firm on the Skipton Building Society conveyancing panel. I hired a local conveyancing solicitor in Hampstead round the corner but the firm is not accepted by Skipton Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Hampstead on the Skipton Building Society panel. Please note that the conveyancers that we on the directory do not pay us fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who regulate all conveyancing solicitors in Hampstead. In making use of search facility on this website, you can contrast charges for conveyancing solicitors in Hampstead and beyond.
I need to appoint a conveyancing solicitor for residential conveyancing in Hampstead. I've chance upon a site which appears to be the perfect solution If there is a chance to get all formalities completed via web that would be ideal. Should I be wary? What should out be looking out for?
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?
We are about to buying a house in Hampstead. Can our property lawyer have the amount we are are buying for a secret from sites such as Zoopla. How could this be achieved ?
The Land Registry by statute are required to note price sold data on a register of the title for domestic properties countrywide including homes in Hampstead. The register of title is an open document, so HMLR would be breaching their statutory obligations if they did not grant access to the register.
You can make a request of HMLR to hide the amount paid entry but the answer would be a No.