Please could you vouch for a Clydesdale accepted Osterley conveyancing solicitor that can complete within a short deadline? Would it be better to use a local Osterley firm or an online firm?
We would be happy to suggest some excellent Osterley conveyancing firms. Another option is to visit the main road in Osterley. Visit two or three law practices and request to see a conveyancing solicitor for a quote. Mention your requirements together with the reasons and get a commitment on your deadline. Select the lawyer that you are most comfortable with.
I purchased a freehold house in Osterley yet pay rent, why is this and what is this?
It’s unusual for properties in Osterley and has limited impact for conveyancing in Osterley 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 new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
Are there restrictive covenants that are commonly picked up during conveyancing in Osterley?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Osterley. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I'm buying my first flat in Osterley with a loan from Clydesdale. The developers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The estate agent advised me not to tell my conveyancer about this deal as it will affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer 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 am looking for a flat up to £245,000 and identified one close by in Osterley I like with amenity areas and railway links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Osterley suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage that many years may be problematic. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
Been searching for a conveyancing practitioner for freehold sale conveyancing in Osterley. We are selling, uncomplicated no mortgage to discharge, no rush, no onward purchase. Got a quote from a lawyer for a thousand pounds including VAT which is a little expensive considering its so straightforward. Can I pay less for conveyancing in Osterley?
Given that it’s a sale only, £425 + VAT would be about the best for a Osterley solicitor firm.