My Twickenham solicitor has spotted an inconsistency when comparing the information in the home valuation survey and what is revealed within the title deeds. My lawyer has advised that he needs to ensure that the bank is happy with this discrepancy and is still content to lend. Is my lawyer’s approach right?
Your solicitor must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
Are there restrictive covenants that are commonly identified as part of conveyancing in Twickenham?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Twickenham. 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 have been on the look out for a ground for flat up to £245,000 and identified one close by in Twickenham I like with open areas and station in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Twickenham for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may 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 and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
Is it possible to switch firm as I need to instruct a firm on the Nottingham Building Society conveyancing panel. I instructed a high street conveyancing solicitor in Twickenham round the corner but the firm is not accepted by Nottingham Building Society
It would be our pleasure to assist you select a conveyancing solicitor in Twickenham on the Nottingham Building Society panel. Please note that the law firms that we on the directory do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who oversee all conveyancing solicitors in Twickenham. Using search facility on this website, you can compare fees for conveyancing solicitors in Twickenham and throughout England and Wales.
We're FTB’s - agreed a price, yet the agent informed us that the owners will only go ahead if we appoint their recommended lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local conveyancer who is familiar with conveyancing in Twickenham
We suspect that the owner is not behind this request. Should the seller want ‘a quick sale', taking such a hostile approach to a serious purchaser is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are genuine buyers (b)you are excited to move forward, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you will continue to appoint your preferred Twickenham conveyancing firm - not the ones that will give their negotiator at the agency a referral fee or meet his conveyancing targets demanded by corporate headquarters.
We expect to complete the disposal of our £250,000 apartment in Twickenham next Monday. The landlords agents has quoted £300 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Twickenham?
Twickenham conveyancing on leasehold apartments often requires the purchaser’s lawyer sending enquiries for the landlord to answer. Although the landlord is under no legal obligation to answer such questions most will be content to assist. They are at liberty to invoice a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average costs for the information that you are referring to is over three hundred pounds, in some transactions it is above £800. The administration charge levied by the landlord must be sent together with a summary of entitlements and obligations in respect of administration charges, otherwise the charge is not strictly payable. In reality one has no choice but to pay whatever is demanded if you want to sell the property.
We have reached the end of our tether in trying to reach an agreement for a lease extension in Twickenham. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing freeholder or where there is dispute about the premium for a lease extension, 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 assess the price.
An example of a Lease Extension case for a Twickenham property is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case affected 1 flat. The unexpired term as at the valuation date was 60.45 years.