I am obtaining a offer of a home loan from Santander. I hope to enlist the help of a Licensed Conveyancer in Teddington. Does the Santander Conveyancing panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, represented by the CML or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Having sold my house in Teddington last January yet the purchaser is whats apping daily to say his conveyancer needs to hear from mylawyer. What should have happened now that I have sold?
After completion of your sale your solicitor is obliged to send the transfer documentation and all supplemental paperwork to the purchaser's lawyers. Where relevant, your lawyer must also send confirmation that the home loan has been redeemed to the purchasers conveyancers. There is unlikely to be post completion requirements peculiar conveyancing in Teddington.
I'm the only recipient of my late mum's will with all property in now in my sole name, including the house in Teddington. Conveyancing formalities meant that the Land Registry date was in October. I want to move. I do know about the CML 6 month 'rule', meaning my property ownership will be regarded the same way as if I'd bought the property in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How practical a view lenders take of it, depend on the mortgage company as this clause is primarily there to capture the purchase and immediately sell or the quick reselling of property.
How can we know in advance if a Teddington conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Teddington getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always advocate that you speak with the lawyer conducting your transaction.
We have agreed to purchase a house in Teddington. A rare aspect is that the roof has a solar panel. Principality have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Principality your lawyer must follow the conveyancing instructions contained in Part two of UK Finance Lenders’ Handbook for Principality. The Council of Mortgage Lenders’ Handbook includes minimum specifications for solar panel roof-space leases, and property lawyers are required to report to Principality where a lease fails to meet these specifications. The requirements relate to the installation of panels on properties nationwide and is not isolated to Teddington.
I bought my house on 2 May and my personal details is not yet registered. Any reason for this? My conveyancing solicitor in Teddington expressed confidence that it will be registered inside ten days. 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 depending on the party submitting the application, whether there are errors and if the Land registry must send notices to any 3rd parties. As of today approximately three quarters of submission are fully addressed in less than three weeks but some can be subject to protracted hold-ups. Historically registration occurs after the purchaser has moved in to the premises therefore post completion formalities is not usually primary concern but if there is a degree of urgency associated with the registration then you or your solicitor can communicate with the Registry to express the reasoning for the application to be prioritised.
Should I be wary by third parties that I am dealing with are recommending an internet conveyancing firm as opposed to a High Street Teddington conveyancing firm?
As is the case with many professional services, often suggestions from family and friends can be extremely useful or valuable. But there are lots of players in a conveyancing transaction; estate agents, financial adviser and mortgage companies might all recommend conveyancers to appoint. On occasion the lawyers might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the endorsement. You have the discretion to appoint your preferred lawyer. However, bear in mind that some lenders operate an approved list of solicitors you must use for the mortgage related work in your conveyancing.
We expect to complete the sale of our £325,000 garden flat in Teddington in just under a week. The management company has quoted £408 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Teddington?
For most leasehold sales in Teddington conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Answering pre-contract enquiries
Where consent is required before sale in Teddington
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the proprietor of a basement flat in Teddington. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
if there is a absentee freeholder or where 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 First-tier Tribunal (Property Chamber) to calculate the price payable.
An example of a Lease Extension case 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 was in relation to 1 flat.