My conveyancer has uncovered a a problem with the lease for the flat we are buying in Ravenscourt Park. The seller’s lawyers have put forward title insurance as a workaround. We are happy with insurance and will pay for it. Our lawyer says that he must be satisfied that the mortgage company is happy with this solution. Are we the client or is the lender?
Even though you have a mortgage offer from the mortgage company does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook provisions. You and the bank are the client. The appropriate lender specifications must be adhered to.
A relative informed me that in buying a property in Ravenscourt Park there may be various restrictions preventing external alterations to the property. Is this right?
There are a number of properties in Ravenscourt Park which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Ravenscourt Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
Is it the case that all Ravenscourt Park solicitor practices on the Yorkshire BS conveyancing panel are governed by the SRA?
As a firm of solicitors, in order to be on the Yorkshire BS approved list of solicitors they would need to be governed by the SRA. Some banks do permit licenced conveyancers on their panel in which case such organisation would be regulated by the CLC.
Nottingham have agreed my mortgage in principle, my offer on a house in Ravenscourt Park has been accepted, now what?
Your estate agent will want to know who your solicitors are (ensure that the solicitors are on the lender’s panel). Telephone Nottingham or the broker and complete any outstanding documentation. Nottingham will sellect a valuer who will get in touch with the selling agent or seller to arrange a time for the valuation to happen. Once carried out (assuming no problems) it takes on average ten days to receive the mortgage offer. Nottingham will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Ravenscourt Park.
It has been 2 months following my purchase conveyancing in Ravenscourt Park took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Should I be suspicious by estate agents that I am dealing with are suggesting an internet conveyancing firm rather than a local Ravenscourt Park conveyancing company?
As is the case with lots of professional services, often referrals from connections can be worth their weight in gold. But there are many people with a keen interest in a conveyancing deal; estate agents, mortgage brokers and banks might all suggest solicitors to select. On occasion these conveyancers might be known to one of the organisations as one of the best in their field, but occasionally there may be a commercial relationship behind the endorsement. You are free to choose your preferred conveyancer. You need to be aware that most banks specify a panel list of conveyancers you are obliged to use for the mortgage related work in your home move.
Having checked my lease I have discovered that there are only 68 years remaining on my flat in Ravenscourt Park. I now want to extend my lease but my landlord is missing. What are my options?
If you qualify, 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 extended by the magistrate. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to find the freeholder. In some cases an enquiry agent may be useful to try and locate and to produce a report which can be accepted by the court as evidence that the landlord is indeed missing. It is wise to seek advice from a solicitor both on investigating the landlord’s disappearance and the application to the County Court covering Ravenscourt Park.
I am the proprietor of a ground flat in Ravenscourt Park. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
Absolutely. We can put you in touch with a Ravenscourt Park conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Ravenscourt Park property is 19 Crisp Road in June 2009. Following a vesting order (Under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993) The tribunal determined that the premium payable for the acquisition of the freehold was £33,756,apportioned as to£12,285 for the lower at and £21,471for the upper fat. This case was in relation to 2 flats. The remaining number of years on the lease was 68.32 years.
My wife and I have recently appointed a conveyancing solicitor in Ravenscourt Park. I I would like to check if they are listed on the bank's approved list of lawyers. Could you or the lender confirm if they are on the panel?
One option is to contact the conveyancer and ask them if they are on the lender's panel. If that does not help get in touch with us and we can make some checks for you. If they are not on the conveyancing panel we can certainly arrange a quality conveyancing solicitor in Ravenscourt Park on the panel for your mortgage company.