It is 10 years ago since I bought my home in North Harrow. Conveyancing lawyers have now been instructed on the sale but I am unable to find the deeds. Will this cause complications?
Don’t worry too much. First there is a chance that the deeds will be retained by your lender or they could be archived with the lawyers who handled your purchase. Secondly the chances are that the title will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Nearly all conveyancing in North Harrow relates to registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
I am purchasing a semi-detached house in North Harrow. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in North Harrow you will have to appoint a solicitor on your lender'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 North Harrow.
I opted to have a survey carried out on a property in North Harrow in advance of appointing solicitors. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks will not grant a mortgage on a flying freehold property.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you e-mail us we can look into this further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in North Harrow. Conveyancing will be smoother if you use a solicitor in North Harrow especially if they regularly deal with such properties in North Harrow.
Should I be wary that estate agents that I am dealing with are suggesting an online conveyancing firm as opposed to a High Street North Harrow conveyancing company?
As with many service providers, often input from connections can be worth their weight in gold. Nevertheless there are numerous people with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders may recommend conveyancers to use. Sometimes these lawyers might be known to one of the organisations as being good in their field, but sometimes there might be a commercial relationship behind the endorsement. You are free to appoint your preferred lawyer. However, bear in mind that many banks have an approved list of law firms you are obliged to use for the mortgage related work in your conveyancing.
I am the proprietor of a ground-floor 1960’s flat in North Harrow. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
if there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to determine the price payable.
An example of a Lease Extension case for a North Harrow property is flat 93b Welldon Crescent in May 2009. The Tribunals valuation for a 90-year lease extension of this fat was £13,171 This case was in relation to 1 flat. The unexpired term was 75.25 years.
What makes a North Harrow lease problematic?
Leasehold conveyancing in North Harrow is not unique. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain provisions are not included. For example, if your lease is missing any of the following, it could be defective:
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A provision to repair to or maintain elements of the building Maintenance charge proportions which don’t add up to the correct percentage
A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, Skipton Building Society, and Platform Home Loans Ltd 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, forcing the purchaser to pull out.
My fiance and I are hoping to buy a 2 bedroom flatin North Harrow with a residential mortgage from a mortgage company. We like our solicitor in North Harrow however our mortgage company inform us now that he's not on their "panel". It seems we have little choice but to instruct one of the our bank panel solicitors or stay with our North Harrow solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that our mortgage company use our North Harrow lawyer?
Unfortunately,no. The bank mortgage offered to you is subject to conditions, one of which will be that lawyers will on the bank's conveyancing panel. Until recently, most banks had open panels, including many conveyancing solicitors in North Harrow : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your mortgage company.