Me and my partner are purchasing a 2 bedroom flat in Teddington with a mortgage. We have a Teddington lawyer, however the bank says she’s not on their "panel". We have to appoint one of the lender panel solicitors or retain our Teddington lawyer as well as pay for one of their panel ones to act for them. We regard this is unjust; is there anything we can do?
Unfortunately,no. Your mortgage offer is subject to its terms and conditions, one of which will be that lawyers will on the lender’s conveyancing panel. Until recently, most lenders had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your Teddington conveyancing lawyer to apply to be on the conveyancing panel.
Have completed on a a terraced house in Teddington , how long will it take for the Land Registry to record my ownership? My Teddington conveyancing solicitor works at snail pace, so I want to check that my ownership is recorded.
As far as conveyancing in Teddington is concerned, registration is no quicker or slower than the rest of the country. Rather than based on location, timeframes can vary subject to who lodges the application, whether there are errors and if the Land registry communicate with any third persons or bodies. Currently roughly three quarters of such applications are fully dealt with within two weeks but occasionally there can be extensive delays. Registration is effected once the buyer has moved in to the property so 'speed' is not always top priority but if it is urgent that the the registration takes place urgently then you or your lawyers must contact the land registry and explain the circumstances.
I am looking for a leasehold apartment up to £235,500 and found one near me in Teddington I like with open areas and transport links nearby, however it's only got 51 remaining years left on the lease. I can't really find anything else in Teddington for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a home loan the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
I have been pointed in your direction by numerous property agents in Teddington to choose a property lawyer on your site. What’s the financial incentive for Estate Agents to offer your services over and above a competitor’s?
We don’t make any commission for directing people to this site. We found it would be just too difficult a fee as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
My wife and I purchased a leasehold house in Teddington. Conveyancing and Barnsley Building Society mortgage organised. I have received a letter from someone saying they have taken over the freehold. Attached was a demand for arrears of ground rent dating back to 1996. The conveyancing practitioner in Teddington who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to be sure that this person is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Teddington conveyancing practitioner to do this as it can be done on-line for a few pound. You should note that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
After years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Teddington. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Teddington conveyancing firm who can help.
An example of a Lease Extension decision 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.
I am looking to buy a property and require a conveyancing solicitor in Teddington who is on the mortgage company conveyancing panel. Can you recommend a Teddington or local Teddington solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the mortgage company who conduct conveyancing in Teddington. We dont recommend any particular conveyancing practice.