My husband and I are planning to purchase a home in Maida Hill and are in fact using a Maida Hill conveyancing practice. Within the last couple of days our lawyer has forwarded the sale agreement to be signed with a detailed report with the expectation that exchange is imminent. Coventry Building Society have this evening contacted us to inform me that there is now an issue as our Maida Hill lawyer is not on their conveyancing panel. Is this a problem?
When purchasing a property with the benefit of a mortgage it is conventional for the purchasers' lawyers to also act for the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your solicitor should contact your bank and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred Maida Hill lawyers, in which case it will likely add costs, and it will likely delay the transaction as you have another set of people involved.
We are due to move house in March. Should my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you put forward a removal company in Maida Hill. Conveyancing solicitor was organised before I stumbled across this site.
On the afternoon of completion you will need to pick up the keys from the property agent however this should only happen when the sellers conveyancers advise the agent that they have the completion monies and the keys can be released. After that you can advise the removal men that they can start moving you in. As a matter of policy we do not suggest a particular removal organisation but can assist you in locating a residential property solicitor in Maida Hill or a lawyer that specialises in conveyancing in Maida Hill.
I happen to be the sole recipient of my late father’s estate and I have everything in my name now, including the house in Maida Hill. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I do know about the CML six month 'rule', which means that my proprietorship will be considered the same way as if I'd bought the house in December. Will no one buy the property for half a year?
The CML handbook requires 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 may be caught by that. many banks would take a pragmatic view as this provision is principally there to identify subsales or the flipping of property.
At last I have had an offer on a flat in Maida Hill accepted, but there is a chain. The owners have put an offer on somewhere, however it’s not yet tied up, and have viewings of other apartments in the pipeline. I have chosen a bricks and mortar conveyancing solicitor in Maida Hill. What should be my next step? At what stage do I apply for the mortgage with Principality?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs prematurely (mortgage application is approx one thousand pounds, then survey, Maida Hill conveyancing search charges, etc). The first course of action is to check that your lawyer is on the Principality approved list. Regarding the subsequent phase this very much depends on the uniqueness of your transaction, attraction to the property and on the state of the market. In a hot market many purchasers will apply for the mortgage with Principality and pay for the valuation and only if it was satisfactory would they request their property lawyer to move forward with searches.
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Maida Hill is where the house is located. What do you suggest?
Flying freeholds in Maida Hill are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Maida Hill you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Maida Hill 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 residence.
I need to find a conveyancing solicitor for leasehold conveyancing in Maida Hill. I happened to land on a web site which appears to be the ideal solution If there is a chance to get all this stuff done via web that would be ideal. Should I be wary? What are the potential pitfalls?
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?
I only have Sixty One years remaining on my flat in Maida Hill. I now wish to get lease extension but my landlord is can not be found. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to prove that you or your lawyers have done all that could be expected to track down the lessor. In some cases a specialist may be helpful to carry out a search and to produce an expert document which can be accepted by the court as evidence that the landlord can not be located. It is wise to seek advice from a property lawyer in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Maida Hill.
My wife and I have hit a brick wall in trying to purchase the freehold in Maida Hill. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to assess the price payable.
An example of a Lease Extension case for a Maida Hill property is Flat 1 57 Oxford Gardens in January 2014. the Tribunal decided that the premium to be paidfor a new lease is £61,650.00. This case related to 1 flat. The remaining number of years on the lease was 60 years.
How do I search for a Maida Hill conveyancing solicitor on the mortgage company conveyancing panel? I have a car and am prepared to travel up to 25miles to meet the lawyer.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Maida Hill and you will see a number of lawyer located nearest Maida Hill. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the bank solicitor panel.