My solicitor has uncovered a a legal deficiency with the lease for the property we are purchasing in South Ruislip. The seller’s lawyers have suggested title insurance as a workaround. We are happy with insurance and will cover the costs. Our conveyancing practitioner has advised that he must check that the bank is content with this solution. Who is the client here, us or the bank?
Notwithstanding that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the bank are the client. The appropriate lender provisions have to be complied with.
Our bank has suggested solicitors on their panel based in South Ruislip but I would rather choose a conveyancing lawyer in South Ruislip or nearer to where I live. Can you help?
Far from all South Ruislip conveyancing solicitors are approved and listed on all banks conveyancing panel. Please make use of the above find an approved solicitor tool to find a South Ruislip conveyancing firm on the on the mortgage company panel.
I used Stirling Law a few years ago for my conveyancing in South Ruislip. I now require my file but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in South Ruislip of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a flat up to £235,500 and found one near me in South Ruislip I like with amenity areas and railway links nearby, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in South Ruislip for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a home loan the shortness of the lease may be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for at least twenty four months you can 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 concerning this matter.
We expect to complete the sale of our £150,000 garden flat in South Ruislip next week. The management company has quoted £372 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a flat conveyance in South Ruislip?
South Ruislip conveyancing on leasehold flats normally requires the purchaser’s conveyancer sending enquiries for the landlord to answer. Although the landlord is not legally bound to address such questions most will be content to assist. They may invoice a reasonable administration fee for responding to enquiries or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is over three hundred pounds, in some situations it is in excess of £800. The administration charge required by the landlord must be sent together with a summary of rights and obligations in relation to administration fees, otherwise the charge is not strictly payable. In reality you have little choice but to pay whatever is requested of you if you want to complete the sale of your home.
I have given up negotiating a lease extension in South Ruislip. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We are happy to put you in touch with a South Ruislip conveyancing firm who can help.
An example of a Lease Extension decision for a South Ruislip property is Flat 72 Queens Walk in January 2013. The Tribunals calculated the premium payable to be £22,090. This case was in relation to 1 flat. The unexpired term was 53.26 years.
I have been looking for South Ruislip online conveyancing estimates. Can I be confident that all the South Ruislip practices that are identified on your directory are on the mortgage company conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the mortgage company panel and agreed to advise us to take down their listing in the event of removal off of the bank panel. To date we have not been informed by either a lender or a member of the public that the data about a specific South Ruislip conveyancing solicitor being on the mortgage company conveyancing panel is incorrect.