We are approaching an exchange on a property in Langley and my parents have transferred the 10% deposit to my lawyer. I am now informed that as the deposit has not arrived from me my property lawyer needs to make a notification to my lender. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the lender concerning my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
The conveyancer is obliged to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
I purchased a freehold premises in Langley but still charged rent, why is this and what is this?
It is rare for properties in Langley and has limited impact for conveyancing in Langley 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 hundreds of years, but the Rent Charge Act 1977 barred the creation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
I am looking into buying my first house which is in Langley and I am already nervous. I couldn't find anything specific about Langley. Conveyancing will be needed in due course but do you know about the Langley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Langley. In the meantime here are some basic statistics that we found
In my capacity as executor for the will of my aunt I am selling a house in Cardiff but I am based in Langley. My solicitor (who is 260 miles awayrequires that I sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing lawyer in Langley to attest this legal document for me?
Technically speaking you are unlikely to need to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or solicitor will be fine regardless of whether they are Langley based
Can you provide any advice for leasehold conveyancing in Langley with the aim of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Langley can be avoided if you instruct lawyers the minute you market your property and request that they start to collate the leasehold documentation which will be required by the buyers’ lawyers. The majority of freeholders or Management Companies in Langley charge for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the fee that they propose to charge. The management pack sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to receive management information is three weeks. It is the most common cause of delay in leasehold conveyancing in Langley. If you have carried out any alterations to the property would they have required Landlord’s permission? In particular have you laid down wooden flooring? Most leases in Langley state that internal structural alterations or laying down wooden flooring necessitate a licence issued by the Landlord acquiescing to such changes. Should you dont have the consents to hand do not communicate with the landlord without checking with your lawyer before hand. You may think that you are aware of the number of years left on your lease but you should verify this by asking your solicitors. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is under 80 years. It is therefore essential at an early stage that you consider whether the lease term requires a lease extension. If it does, contact your solicitors before you put your premises on the market for sale. Some Langley leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.
I am the registered owner of a ground floor flat in Langley. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
Most definitely. We can put you in touch with a Langley conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Langley residence is 164 Nestles Avenue in October 2013. The tribunal agreed with the proposed price of £20,158 for the freehold and determined that that sum is the amount to be paid into court This case related to 2 flats. The unexpired term as at the valuation date was 69 years.
I am searching for a trustworthy conveyancing lawyer in Langley to assist me in selling my apartment. I I am fearful of appointing the wrong one and there are so many Langley conveyancing organisations to pick from...who's the best?
Where you’ve never instructed a solicitor in the past, a trustworthy recommendation via family or friends is a preferable starting point and is often a good gauge of quality. Alternatively, take a look at the client testimonials published on your solicitor’s website or use our search tool to select a conveyancing solicitor in Langley.