As I am unsure how the conveyancing bit works what is the most important piece of guidance you can give me about purchase conveyancing in Kenton?
You may not hear this from too many lawyers but conveyancing in Kenton or throughout North London is an adversarial process. In other words, when it comes to conveyancing there exists lots of room for friction between you and others involved in the ownership transfer. E.g., the vendor, estate agent and sometimes your bank. Choosing a solicitor for your conveyancing in Kenton is a critical decision as your conveyancer is your adviser, and is the ONLY person in the process whose interest is to look after your legal interests and to keep you safe.
We are witnessing a definite ongoing adversarial element to conveyancing- someone has to be blamed for the process taking so long. You must always trust your solicitor above all other parties when it comes to the legal assignment of property.
We are purchasing a property in Kenton. It might be a silly question but how we can trust a lawyer? At some point we will need to deposit our life savings into their account. What is the protection we have from them run away with our monies?
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.
I am the single beneficiary of my late mum's estate and I have everything in my name alone, including the my former home in Kenton. The Kenton property was put into my name in December. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship will be considered the same way as if I'd bought the property in December. Is the property unsalable for six months?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. Most lenders would take a sensible view as this requirement is principally there to identify the purchase and immediately sell or the flipping of property.
Having read lots of house buying guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Kenton solicitor - who is on the TSB conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
TSB will need an independent valuation of the property. Your lawyer will not arrange this. Usually TSB will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your conveyancing practitioner will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Kenton postcode. As you are getting a mortgage with TSB, you could contact them to see if they have a list of approved surveyors in Kenton.
I require quick conveyancing in Kenton as I am faced with an ultimatum to exchange contracts in less than 4 weeks. Fortunately I do not need a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you have the choice not to have searches carried out although no solicitor would recommend that you don't. Drawing on our experience of conveyancing in Kenton the following are instances of what can crop up and therefore affect future saleability: Enforcement Actions, Overdue Fees, Outstanding Grants, Railway Schemes,...
The estate agent has sent us the confirmation of our purchase of a new build flat in Kenton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Kenton
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, no chain conveyancing. Kenton is where the house is located. Is there any guidance you can give?
Flying freeholds in Kenton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kenton you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kenton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I need to instruct a conveyancing solicitor for freehold conveyancing in Kenton. I happened to stumble across a site which appears to be the ideal answer If there is a chance to get all this stuff completed via email that would be ideal. Do I need to be concerned? 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?