We are due to complete on the purchase of a property in King's Cross but as a consequence of wreckage from a small fire at the property I have was able negotiate compensation from the vendor of three thousand pounds in the form of a reduction in the price. I had intended this to be addressed as part of amending the contract but RBS are not allowing this. Should they have been informed?
Any conveyancing practitioner being on the RBS approved list is duty bound to advise RBS of any amendments to the sale price. If you were to refuse your conveyancer to notify the price change to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancer for your conveyancing in King's Cross.
I am purchasing a new build flat in King's Cross. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in King's Cross you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in King's Cross.
My wife and I are downsizing from our home in King's Cross and the buyers lawyers are claiming that there is a possibility that the property was built on contaminated land. A high street King's Cross lawyer would know that there is no such problem. It does beg the question why the buyers used a factory type conveyancing practice rather than a conveyancing solicitor in King's Cross. Having lived in King's Cross for 5 years we know of no issue. Is it a good idea to get in touch with our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing firm 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 life insurance to cover that same ailment)
I have a renovated Edwardian property in King's Cross. Conveyancing lawyer represented me and Barnsley Building Society. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, the second leasehold under the matching property. I thought I was buying a freehold how can I check?
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in King's Cross and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with the conveyancing lawyer who conducted the work.
I have been on the look out for a leasehold apartment up to £195,000 and found one near me in King's Cross I like with open areas and transport links nearby, the downside is that it's only got 51 years on the lease. There is not much else in King's Cross for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan that many years will likely be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of 2 years you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
My lender have just issued us with a mortgage offer. We instructed a local conveyancer in King's Cross yesterday. A couple of hours ago, our mortgage adviser phoned to advise us that the bank said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we had no idea that the lender had a say Is this legal?
You can actually appoint any conveyencer you wish to select including the said conveyancer in King's Cross nevertheless if they are not on the your bank's panel you must incur an extra fee so your lender can retain their own solicitors as well to protect their interest. sometimes it is possible your preferred conveyancing firm to get added to the lender panel. Do make the most of internet search facilities including lenderpanel.com to find a conveyancing solcitor in King's Cross on the mortgage company panel. You can go into your high street lender branch in King's Cross. They will know some good conveyancing solicitors in King's Cross on the mortgage company panel.