I have just started taking steps with the aim of transferring my domestic mortgage to a Buy to Let Bank of Scotland mortgage. The bank has said that I must appoint a solicitor as part of the process. I had a chat my former White City conveyancing solicitor who dealt with the legals when I first bought the house. The costs illustration e-mailed to me of just over five hundred pounds has surprised me as its a refinance than a sale or purchase.
The estimate does seem a tad steep. If you are content to expend time comparing charges you might trim some of the cost by say a hundred pounds. On the other hand, providing that you were pleased with the conveyancing the firm gave you maylive to rue choosing an an unknown lawyer. If is important to check the firm can act for Bank of Scotland. You can use our search tool to locate a White City conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in White City.
We note that you have a search directory identifying law firms on the Virgin Money conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in White City?
We are a listing service only for law firms wishing to communicate if they are on the Virgin Money conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in White City.
My wife and I have a renovated Edwardian property in White City. Conveyancing lawyer acted for me and Aldermore. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in White City and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing solicitor who conducted the conveyancing.
I'm purchasing a new build house in White City with a loan from Birmingham Midshires. The developers refused to reduce the amount so I negotiated five thousand pounds worth of extras instead. The house builders rep suggested that I not inform my lawyer about this side-deal as it will affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Having checked my lease I have discovered that there are only 68 years remaining on my lease in White City. I am keen to extend my lease but my freeholder is can not be found. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the magistrate. However, you will be required to demonstrate that you or your lawyers have used your best endeavours to track down the landlord. In some cases an enquiry agent would be helpful to carry out a search and to produce an expert document to be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a property lawyer both on investigating the landlord’s absence and the vesting order request to the County Court overseeing White City.
I have given up trying to purchase the freehold in White City. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We can put you in touch with a White City conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a White City residence is 23 & 23A Collingbourne Road in June 2013. Tribunal was dealing with the assessment of the value of the freehold reversion and determination of the terms of the acquisition pursuant to an Order of District Judge Lightman dated 25 February 2013 vesting the freehold interest in the property in the applicant. The tribunal assessed the price of the freehold (to which any arrears or other sums due to the missing landlord under the leases should be added) at £81,638. This case was in relation to 2 flats. The number of years remaining on the existing lease(s) was 64.5 years.
Why can I not complete our conveyancing in White City on a bank holiday?
This is due to the fact that on completion the purchase price needs to pass between the banks of the purchaser and seller's conveyancing practitioner and currently this can only happen on a working day. So you can't complete on a weekend either.