Do lenders provide you with an approved list of West Kensington conveyancing solicitors? How do you know who is on the Nationwide conveyancing panel?
West Kensington conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
Are there restrictive covenants that are commonly identified as part of conveyancing in West Kensington?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in West Kensington. 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…’
How does conveyancing in West Kensington differ for newly converted properties?
Most buyers of new build property in West Kensington approach us having been asked by the seller to exchange contracts and commit to the purchase even before the house is built. This is because builders in West Kensington typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in West Kensington or who has acted in the same development.
I have been on the look out for a ground for flat up to £305k and found one close by in West Kensington I like with amenity areas and transport links nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in West Kensington in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
Is it simple use your search tool to locate a conveyancing lawyer in West Kensington on the panel for my bank?
First select a bank such as Halifax, Skipton Building Society or Bank of Ireland then type in your location for example West Kensington. Conveyancing organisations in West Kensington and further afield should be identified.
I happen to be an executor of my recently deceased mother’s Will, with a house in West Kensington which is to be sold. The bungalow has never been registered at HMLR and I'm told that some buyers solicitors will insist that it is completed before they'll move forward. What's the mechanism for this?
In the circumstances that you have set out it seems advisable to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.