I am buying a end of terrace house in Ravenscourt Park. The intention is to carry out an extension to the side at the property.Will the conveyancing process include checks to see if these works are prohibited?
Your property lawyer should check the registered title as conveyancing in Ravenscourt Park can on occasion reveal restrictions in the title documents which prevent categories of works or necessitated the permission of a 3rd party. Certain extensions call for local authority planning consent and approval in compliance with building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be sensible to check these issues with a surveyor prior to committing yourself to a purchase.
I'm the single recipient of my late mum's will and I have everything in my name alone, including the house in Ravenscourt Park. Conveyancing formalities meant that the Land Registry date was in May. I now wish to sell up. I do know about the Mortgage Lenders 6 month 'rule', which means that my proprietorship may be considered the same way as if I'd bought the property in May. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be caught by that. many lenders would take a sensible view as this obligation is chiefly there to pick up on subsales or the quick reselling of property.
I am due to exchange contracts on my apartment. I had a double glazing fitted in January 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Virgin Money are being pedantic. The Ravenscourt Park solicitor who is on the Virgin Money conveyancing panel is saying indemnity insurance will be fine but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?
It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Are there restrictive covenants that are commonly identified as part of conveyancing in Ravenscourt Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Ravenscourt Park. 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 purchasing a new build house in Ravenscourt Park with a mortgage from Barclays Direct. The sellers refused to reduce the amount so I negotiated 6k of additionals instead. The estate agent told me not reveal to my solicitor about the deal as it would adversely affect my loan with the lender. 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 17 days into a leasehold purchase having been recommend to a firm by the estate agent to do our conveyancing in Ravenscourt Park. I am am extremely disappointed with the level of service. Could you you assist me in finding new lawyers?
They would need to be very poor in order to consider diss instructing them. Has your mortgage offer been generated? In the event that it has you need to make them aware of the new contact details and get the loan are re-issued. The solicitor ideally needs to be on the lenders approved list to avoid escalating expenses and complications. So that should be your first question of the new lawyers. The search tool will assist you in finding a bank approved conveyancer for your home move in Ravenscourt Park
I want to let out my leasehold flat in Ravenscourt Park. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
A small minority of properties in Ravenscourt Park do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably withhold but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
After years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Ravenscourt Park. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to calculate the price.
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.
Should I stop the direct debit for my mortgage with Barclays as soon as a completion date for my sale in Ravenscourt Park has been agreed?
No, you should maintain meeting any mortgage payments to Barclays until the mortgage is redeemed from the proceeds of sale as part of your Ravenscourt Park conveyancing.