My wife and I are due to exchange buying a property in Hendon but as a result of wreckage from the recent storms I have managed to agree compensation from the seller in the sum of £2k by way of a deduction in the price. I had intended this to be dealt with as part of a side agreement yet Nationwide are not allowing this. Should they have been notified?
Any solicitor that is on the Nationwide approved list is required to inform Nationwide of any changes to the purchase price. If you prohibit your conveyancer to notify the reduction to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new lawyer for your conveyancing in Hendon.
Can your site be used to recommend a Conveyancing solicitor in Hendon even if I’m not buying or selling a house, for instance if I intend to buy an office in Hendon with a mortgage from Nottingham Building Society?
Our search tool is mainly there to find residential conveyancing solicitors in Hendon but we have recorded towards the end of this page a few Hendon commercial conveyancing firms. You will need to speak with the company directly to check if they can also act for Nottingham Building Society
Please explain the implications if my lawyer’s firm is expelled from the Bank of Ireland Solicitor panel ahead of completing my conveyancing in Hendon?
The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Me and my brother have a semi-detached Victorian property in Hendon. Conveyancing practitioner represented me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold with the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hendon and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the situation with the conveyancing lawyer who carried out the work.
I am buying my first flat in Hendon with the aid of help to buy. The sellers would not reduce the price so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not reveal to my solicitor about this deal as it would adversely affect my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I today plan to offer on a house that seems to meet my requirements, at a great price which is making it all the more appealing. I have just found out that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Hendon. Conveyancing solicitors have not yet been appointed. Will they explain the issues?
Most houses in Hendon are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Hendon in which case you should be looking for a Hendon conveyancing practitioner and be sure that they are used to transacting on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the freeholder’sconsent to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer will report to you on the legal implications.
My wife and I have hit a brick wall in seeking a lease extension in Hendon. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We are happy to put you in touch with a Hendon conveyancing firm who can help.
An example of a Lease Extension case for a Hendon property is First Floor Flat 61 Wilberforce Road in March 2014. The premium payable was £10,130 and the case was remitted back to the Willesden County Court to effect the Vesting Order (Claim No 3W103100). This case related to 1 flat. The number of years remaining on the existing lease(s) was 71 years.