My fiance and I are looking to buy a home in West Green and have appointed a West Green conveyancing practice. Within the last couple of days our conveyancer has forwarded the sale agreement to be signed with a detailed report in anticipation of exchanging contracts shortly. Platform Home Loans Ltd have this afternoon contacted us to inform me that they have now hit a problem as our West Green solicitor is not on their approved list of lawyers. Please explain?
If you are buying a property requiring a mortgage it is normal for the purchasers' lawyers to also represent the purchaser's lender. In order to act for a bank or building society a law firm has to be on that lender's conveyancing panel. An application has to be made by the law firm to the lender to become a member of the lender's panel and there are increasingly strict criteria which the firm has to satisfy and indeed some lenders now require their panel members to be part of the Law Society’s Conveyancing Accreditation Scheme. Your property lawyer should contact your mortgage company and see if they can apply for membership of their conveyancing panel, but if that is not viable they will instruct their own lawyers to represent them. You are not legally obliged to appoint a law firm on the lender’s conveyancing panel as you are at liberty to use your preferred West Green lawyers, in which case it will likely add costs, and it may delay matters as you are adding another lawyer into the mix.
We are about to exchange contracts for a semi detached house in West Green. We encountered a snag. Our mortgage offer with Chelsea Building Society runs out on 8/1/2025 but the vendors are insisting on a completion date of 10/1/2025. Is it possible to prolong the mortgage offer?
The best person to deal with your issue is your lawyer who will assess if he or she is better off negotiating with the mortgage broker, owner’s lawyers, estate agents or possibly all parties based on what has gone on in your conveyancing as of today.
Are there restrictive covenants that are commonly picked up during conveyancing in West Green?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in West Green. 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 leasehold apartment up to £245,000 and found one close by in West Green I like with open areas and railway links in the vicinity, however it's only got 52 remaining years left on the lease. There is not much else in West Green in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will be an issue. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least 2 years you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
Am I better off to go with a West Green conveyancing solicitor who is local to the property I am purchasing? We have a good friend who can perform the legal work however his firm is located 200miles drive away.
The primary upside of using a high street West Green conveyancing firm is that you can drop in to execute paperwork, present your identification documents and apply pressure on them where appropriate. Having local West Green know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and the majority were happy that must surpass using an unknown West Green conveyancing solicitor solely due to them being round the corner.
I’m about to sell my basement flat in West Green. Conveyancing lawyers have not yet been instructed, but I have recently had a yearly maintenance charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as you normally would given that all ground rent and maintenance payments will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
My wife and I have hit a brick wall in negotiating a lease extension in West Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
You certainly can. We can put you in touch with a West Green conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a West Green premises is 61 Clinton Road in April 2012. Following a vesting order Clerkenwell and Shoreditch County Court under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993 on 5th July 2011 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £17,000 This case related to 2 flats. The unexpired term was 73.88 years.