We were just about to exchange contracts for a property in Kingsbury. We encountered a problem. Our loan offer with Barclays Direct expires on 12/10/2026 but the owners are putting forward a completion date of 14/10/2026. Can one prolong the loan expiry date?
The best person to deal with your question is your lawyer who will hopefully determine whether he or she is corresponding with the lender, vendor’s solicitors, selling agents or conceivably all parties given the history of your conveyancing as of today.
I am the registered owner of a freehold premises in Kingsbury yet charged rent, why is this and what is this?
It’s unusual for properties in Kingsbury and has limited impact for conveyancing in Kingsbury 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 have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I am told that my conveyancing solicitors will need to check that the building insurance for my purchase of a house in Kingsbury. My lender is Chelsea Building Society
Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook. As of 12/8/2026, the requirements read as follows :
I'm purchasing my first flat in Kingsbury with the aid of help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of extras instead. The estate agent told me not disclose to my solicitor about the side-deal as it could jeopardize my mortgage with the bank. 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 decided to have a survey done on a house in Kingsbury before instructing solicitors. I have been advised that there is a flying freehold element to the house. Our surveyor has said that some lenders may not give a mortgage on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Nationwide. If you e-mail us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Kingsbury. Conveyancing will be smoother if you use a solicitor in Kingsbury especially if they regularly deal with such properties in Kingsbury.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Kingsbury. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the LVT to judgment on the premium.
An example of a Lease Extension matter before the tribunal for a Kingsbury property is 27B Hillside in February 2010. the resulting premium, all other aspects of the valuation having been agreed between the parties was set at £8,250 This case related to 1 flat. The unexpired term as at the valuation date was 70.25 years.
In relation to leasehold conveyancing in Kingsbury what are the most frequent lease defects?
There is nothing unique about leasehold conveyancing in Kingsbury. All leases are individual and drafting errors can result in certain sections are wrong. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain elements of the property Maintenance charge proportions which don’t add up to the correct percentage
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Lloyds TSB Bank, Barnsley Building Society, and TSB all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to provide security, obliging the buyer to withdraw.