What is the first thing I need to know concerning purchase conveyancing in West London?
You may not hear this from too many lawyers but conveyancing in West London and elsewhere in London is an adversarial process. In other words, when it comes to conveyancing there is plenty of opportunity for conflict between you and other parties involved in the transaction. E.g., the vendor, property agent and on occasion your lender. Appointing a law firm for your conveyancing in West London should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the process whose responsibility is to look after your legal interests and to protect you.
Sometimes a potential adversary may try and sway you that it is in your interests to do things their way. For instance, the selling agent may claim to be helping by claiming that your solicitor is wrong. Or your financial adviser may try to convince you to do something that is against your lawyers recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
Can you point me to a directory of Bank of Ireland panel solicitors in West London on the Building Society Association’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association websites. Very few lenders make their panel listings available over the internet. If you are looking for a West London solicitor on the Bank of Ireland please make the most of our tool.
I have decided to exercise my right to buy my property in West London off the council. I have a mortgage agreed with Bank of Ireland. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
Leeds Building Society have agreed my mortgage in principle, my offer on a house in West London has been accepted, now what?
Your estate agent will need to know who your solicitors are (be sure the conveyancers are on the lender’s approved list). Telephone Leeds Building Society or your financial adviser and finish off any relevant paperwork. Leeds Building Society will appoint a valuer who will get in touch with the estate agent or seller to schedule an appointment. Once conducted (assuming no problems) it takes approximately a fortnight for the mortgage offer to be issued. Leeds Building Society will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in West London.
five months have gone by since my purchase conveyancing in West London concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in West London. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in West London
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I'm refinancing my primary property to a BTL mortgage with Bank of Ireland and I will use the ballance of the raised equity as a deposit on a second house. The neighborhood we are interested in is West London. Will your lawyers be able to act for the two banks and tie in the transactions?
Make use of our search tool on this page to be sure that the conveyancers are on the relevant lender panels. Having checked that they are your lawyer should be able to connect the two deals but you should talk with you conveyancer and communicate your expectations and requirements.
What advice can you give us when it comes to finding a West London conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a West London conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non West London conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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How familiar is the practice with lease extension legislation? Can they put you in touch with clients in West London who can give a testimonial?
I have given up seeking a lease extension in West London. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to assess the price payable.
An example of a Lease Extension matter before the tribunal for a West London residence is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case related to 2 flats. The number of years remaining on the existing lease(s) was 72.39 years.