We are a couple about to sign contracts for a garden flat in Kentish Town. We have hit a snag. Our loan offer with Platform Home Loans Ltd expires on 17/3/2025 but the owners are suggesting a completion date of 19/3/2025. Is it possible to prolong the loan offer?
The person best placed to address this concern is your lawyer who will hopefully calculate if he or she is should be discussing with the mortgage company, vendor’s lawyers, property agents or conceivably all parties taking into account the history of your transaction as of today.
I am the registered owner of a freehold property in Kentish Town yet invoiced for rent, why is this and what is this?
It is rare for properties in Kentish Town and has limited impact for conveyancing in Kentish Town but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Is the implication that I have to appoint their panel lawyer as I would prefer to use a Kentish Town based conveyancing firm?
Do check but the the likelihood is that give you one of their panel conveyancers where you take up the "fee-free" deal. Speak to the mortgage company and determine if they offer you a cash alternative. It is not unheard for a lender to give a £250 cashback as a further option in which case you could put that amount towards the cost for your conveyancing solicitor in Kentish Town.
My wife and I are purchasing a flat in Kentish Town. I might seem paranoid but how we can trust a conveyancer? On the day of competition we have to put funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
What is the difference between a licensed conveyancer and conveyancing solicitor in Kentish Town
There are many recorded licenced Conveyancers in Kentish Town and Solicitor partnerships in Kentish Town to choose from It is important to make clear that the two are supervised by regulatory bodies with both specialising in the legal work in the home buying process. They may both also conduct associated property related work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am the only beneficiary of my late mum's will and I have everything in my name now, including the house in Kentish Town. The Kentish Town property was put into my name in December. I now wish to sell up. I do know about the CML 6 month 'rule', meaning my proprietorship will be considered the same way as though I had purchased the house in December. Do I have to wait 6 months to sell?
The CML 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 could be caught by that. How practical a view mortgage companies take of it, depend on the bank as this clause is principally there to identify subsales or the flipping of property.
How do I identify a Kentish Town law firm on the Aldermore conveyancing panel? I have a car and am happy to travel upto 25miles to meet the conveyancer.
You can use the facility on this page. Please select a lender and your location and you will see a number of Kentish Town conveyancing lawyers based on proximity. We have listed some Kentish Town conveyancing firms towards the end of this page and you can contact them to see whether they are on the Aldermore panel
I have just appointed agents to market my ground floor flat in Kentish Town. Conveyancing solicitors are to be appointed soon, however I have just received a yearly maintenance charge invoice – what should I do?
The sensible thing to do is discharge the service charge as you normally would given that all ground rent and service charges should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the proprietor of a ground flat in Kentish Town. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium due for a lease extension?
in cases where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to assess the amount due.
An example of a Lease Extension decision for a Kentish Town property is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case was in relation to 1 flat. The unexpired residue of the current lease was 64.77 years.