I was informed today by my IFA that my Osterley Park solicitor is not on the bank Solicitor panel. What can I do to be sure that this is correct?
The sensible course of action for you to take is to contact your Osterley Park lawyer directly. It is reasonable to expect your lawyer to advise you what has happened. If they are not on the panel they may recommend you to a Osterley Park conveyancing practice that is on the conveyancing panel for your lender.
My uncle passed away last year and as sole heir and executor I was left the house in Osterley Park. The house had a small mortgage remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this possible?
If you plan to refinance then Bank of Ireland will insist on your using a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
The deeds to my house are lost. The conveyancers who dealt with the conveyancing in Osterley Park 5 years ago no longer exist. What do I do?
Gone are the days when you need to hold title original deeds to establish that you are the owner of your registered land or premises, as the Land Registry hold details of all registered land or property electronically.
I am purchasing my first flat in Osterley Park with the aid of help to buy. The builders refused to budge the amount so I negotiated £7000 of fixtures and fittings instead. The sale representative told me not disclose to my conveyancer about the extras as it will put at risk my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder 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 was advised by a few selling agents in Osterley Park to locate a property lawyer on your site. What’s the financial incentive for Estate Agents to offer your lawyers over a competitor’s?
We refuse to give any referral fee for directing people in our direction. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am in need of some leasehold conveyancing in Osterley Park. Before I get started I want to be sure as to the remaining lease term.
Assuming the lease is registered - and almost all are in Osterley Park - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
My wife and I have hit a brick wall in seeking a lease extension in Osterley Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to make a decision on the premium.
An example of a Freehold Enfranchisement case for a Osterley Park premises is 6 Jessamine Road in August 2013. The Tribunals valuation (as annexed to the decision) calculated the amount payable as £18,355 for the freehold reversion This case related to 2 flats. The unexpired residue of the current lease was 72.39 years.