Is the fact that my conveyancer in Teddington is not listed on my lender's conveyancing panel that there is a problem with the standard of the firm’s conveyancing?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) lack of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should simply call the Teddington conveyancing firm and ask them why they are no longer on the approved list for your bank.
I am in a contract race with another buyer for a property in Teddington. What can be done to quicken up the legal process?
In a situation where the seller is applying time constraints for your conveyancing it is highly recommended that your lawyer is familiar with the area as they will make use of local contacts and know-how. It is even conceivable that they would have handled otherproperties in the same road. Therefore consider using a Teddington conveyancing firm. Second, check that the conveyancing firm is on the lender panel. It is claimed that just under twenty per cent of Teddington conveyancing deals are suspended or jeopardised after finding out that a purchaser’s solicitor was not on their banks member panel. In many cases this discovery resulted in the conveyancing being held up by as much as 21 days. It is estimated that this issue impacts approximately 100,000 home sales annually. Almost all Teddington conveyancing firms can not act for certain banks so do check at the outset.
I purchased a freehold premises in Teddington but still pay rent, why is this and what is this?
It is rare for properties in Teddington and has limited impact for conveyancing in Teddington 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 date back many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I bought my apartment on 16 November and my personal details is not yet on the land registry website. Need I be worried? My conveyancing solicitor in Teddington expressed confidence that it should be formalised in a couple of weeks. Are titles in Teddington particularly slow to register?
There is nothing unique when it comes to conveyancing in Teddington registration formalities. Rather than based on location, timescales can vary according to the party submitting the application, whether it is in order and whether the Land registry communicate with any other parties. Currently roughly 80% of submission are fully dealt with within two weeks but some can be subject to longer delays. Registration is effected after the new owner is living at the premises so an expedited registration is not usually top priority but if there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for an expedited registration.
Given that I will soon spend £400,000 on a property in Teddington I would like to have a conversation with the lawyer regarding thehouse move ahead of appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer due to be doing your property ownership legalities in Teddington.There is no ‘factory style conveyancing’ - every client is an important individual, not a case reference. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Teddington should be the amount on the final invoice that you end up paying.
I only have 72 years remaining on my lease in Teddington. I now want to extend my lease but my landlord is missing. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you have used your best endeavours to track down the landlord. On the whole a specialist would be helpful to carry out a search and prepare a report to be accepted by the court as evidence that the freeholder can not be located. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court overseeing Teddington.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Teddington conveyancing firm to act on my behalf?
in cases where there is a missing freeholder or if there is dispute 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 Leasehold Valuation Tribunal to calculate the premium.
An example of a Lease Extension matter before the tribunal for a Teddington property is Flat D 15 Claremont Gardens in September 2013. TheTribunal determined in accordance with section48 and Schedule13 of the Leasehold Reform,Housing and Urban Development Act 1993 that the premium for the extended lease should be fourteen thousand one hundred and eighty seven pounds (£14,187.00) This case related to 1 flat.