We are selling our house in Kentish Town. Does the property lawyer have to be required to be on the Bank of Ireland conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
I am close to exchanging contracts on the sale of our property in Kentish Town and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Kentish Town conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a web based conveyancing outfit as opposed to a conveyancing solicitor in Kentish Town. Having lived in Kentish Town for six years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification need.
It would appear that you have a conveyancing firm already. What do they say? You must 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 purchased my house on 10 January and my personal details is yet to be on the land registry website. Any reason for this? My conveyancing solicitor in Kentish Town said it would be formalised in a couple of weeks. Are transfers in Kentish Town particularly slow to register?
There is nothing unique about conveyancing in Kentish Town registration formalities. As opposed to being determined by geographic area, timescales can differ according to who lodges the application, whether there are errors and if the Land registry need to notify any other persons or bodies. Currently approximately 80% of such applications are completed in less than three weeks but occasionally there can be longer delays. Registration is effected once the purchaser has moved in to the property therefore registration formalities is not usually primary concern but where there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for an expedited registration.
Just had an offer accepted on a new build flat in Kentish Town. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below are examples of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Kentish Town
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
Hoping to buy a property located in Kentish Town and I am already nervous. I couldn't find anything specific about Kentish Town. Conveyancing will be needed in due course but do you know about the Kentish Town area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Kentish Town. In the meantime here are some basic statistics that we found
I've found a house that appears to be perfect, at a reasonable figure which is making it more attractive. I have since discovered that it's a leasehold rather than freehold. I am assuming that there are issues buying a leasehold house in Kentish Town. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Kentish Town ?
The majority of houses in Kentish Town are freehold rather than 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 clear that you are buying in Kentish Town in which case you should be shopping around for a Kentish Town conveyancing solicitor and check that they have experience in 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 requiring the freeholder’sconsent to conduct 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 lawyer should report to you on the legal implications.
My wife and I have hit a brick wall in trying to purchase the freehold in Kentish Town. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to judgment on the price payable.
An example of a Lease Extension matter before the tribunal for a Kentish Town premises 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 related to 1 flat. The unexpired residue of the current lease was 64.77 years.