Having sold my house in Maida Vale last June yet the purchaser is telephoning daily complaining that her conveyancer needs to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your disposal your lawyer is obliged to send the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your lawyer should also send confirmation that the mortgage has been redeemed to the buyers solicitors. There are no post completion steps specific conveyancing in Maida Vale.
I am the single recipient of my late grandmother’s will with all property in now in my sole name, including the house in Maida Vale. Conveyancing formalities meant that the Land Registry date was in August. I want to move. I do know about the CML six month 'rule', which means that my proprietorship will be considered the same way as though I had purchased the property in August. Do I have to wait 6 months to sell?
The CML handbook instructs 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 lenders would take a sensible view as this provision principally exists to pick up on subsales or the quick reselling of property.
My husband and I have organised a further advance on our mortgage from TSB as we wish to carry out improvements to our property in Maida Vale. Do we need to appoint a nearby Maida Vale solicitor on the TSB conveyancing panel to deal with the legals?
TSB do not ordinarily require firms on their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the TSB conveyancing panel.
I have paid off my mortgage with Clydesdale. I assume I don't need a Maida Vale lawyer on the Clydesdale panel to discharge the mortgage at the Land Registry. Am I right?
If you have finished paying off your Clydesdale mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale mortgage from the register. Clydesdale, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Clydesdale has sent the Land Registry the discharge electronically, and
- Clydesdale has instructed the Land Registry to do so
I have been on the look out for a flat up to £195,000 and identified one close by in Maida Vale I like with open areas and transport links in the vicinity, however it only has 51 years unexpired on the lease. There is not much else in Maida Vale for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the remaining unexpired lease term will be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this.
How do I locate a Maida Vale law firm on the Bank of Scotland conveyancing panel? I am a keen cyclist and am prepared to travel upto 10kilometers to meet the lawyer.
Feel free to make use of the search on this website. Please pick a lender and your location and you will see a number of Maida Vale conveyancing lawyers located nearest you. We have detailed some Maida Vale conveyancing firms at the bottom of this page and you can contact them to check whether they are on the Bank of Scotland panel
Can you provide any advice for leasehold conveyancing in Maida Vale with the aim of expediting the sale process?
- Much of the delay in leasehold conveyancing in Maida Vale can be reduced if you appoint lawyers the minute your agents start marketing the property and ask them to collate the leasehold information which will be required by the buyers’ conveyancers. If you have the benefit of shareholding in the Management Company, you should make sure that you are holding the original share document. Arranging a new share certificate is often a time consuming process and slows down many a Maida Vale conveyancing deal. If a duplicate share certificate is necessary, you should approach the company officers or managing agents (where applicable) for this at the earliest opportunity. You may think that you are aware of the number of years left on your lease but you should double-check by asking your lawyers. A purchaser's conveyancer will be unlikely to recommend their client to to exchange contracts if the lease term is under 80 years. It is therefore essential at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your premises on the market for sale. The majority of landlords or managing agents in Maida Vale charge for providing management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack can be applied for as soon as you have a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Maida Vale. If you have had conflict with your landlord or managing agents it is essential that these are settled before the property is marketed. The purchasers and their solicitors will be nervous about purchasing a property where there is a current dispute. You will have to accept that you will have to pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the purchasers, but it is clearly preferable to present the dispute as over as opposed to unsettled.
I have given up trying to purchase the freehold in Maida Vale. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We can put you in touch with a Maida Vale conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Maida Vale property is 4 & 4A Charteris Road in June 2009. the Tribunal held that the price to be paid for the enfranchisement of 4/4a Charteris Road to be £15,510 for at 4and £15,694 for at 4a This case affected 2 flats. The unexpired term as at the valuation date was 70.02 years.
I acquired a property in Maida Vale last 3/7/2024 and to date it is still not registered with the Land Registry. It was part of a new estate and my lawyer told me that it can take one year to register. I have contacted the Land Registry directly and they say that the original application was cancelled due to questions not being addressed in time. What can I do?
It is your lawyer that you should get in touch with in order to satisfy any concerns which have been raised as part of the registration process for your Maida Vale property. Normal Maida Vale conveyancing practice includes an undertaking on the part of the seller's conveyancer that they will help resolve any registration raised by HMLR so it may be a case of seeking to enforce that undertaking if necessary.