I am expecting a mortgage with Nat West. My intention is to use a Licensed Conveyancer in Whitton. Does the Nat West Conveyancing panel exclude conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
Will my conveyancer be asking questions regarding flooding as part of the conveyancing in Whitton.
Flooding is a growing risk for lawyers dealing with homes in Whitton. Plenty of people will purchase a house in Whitton, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to impart advice on flood risk, however there are a various checks that can be initiated by the purchaser or by their lawyers which will figure out the risks in Whitton. The conventional set of property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a standard question of the owner to determine if the property has suffered from flooding. If flooding has previously occurred and is not revealed by the vendor, then a buyer could bring a compensation claim resulting from an incorrect answer. A buyer’s lawyers may also order an environmental report. This should reveal if there is a recorded flood risk. If so, further inquiries will need to be carried out.
It has been 2 months following my purchase conveyancing in Whitton concluded. I have checked the Land Registry site 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 premises 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.
What does commercial conveyancing in Whitton cover?
Whitton conveyancing for business premises incorporates a broad array of advice, supplied by qualified solicitors, relating to business premises. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
I am looking at a two apartments in Whitton both have in the region of 50 years remaining on the leases. Will this present a problem?
There are plenty of short leases in Whitton. The lease is a right to use the premises for a prescribed time frame. As the lease shortens the saleability of the lease deteriorates and results in it becoming more costly to acquire a lease extension. This is why it is advisable to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders may be reluctant to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this field.
Having spent months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Whitton. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a absentee landlord or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to arrive at the amount due.
An example of a Lease Extension decision for a Whitton residence 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 residue of the current lease was 60.45 years.
We are thinking of choosing an online solicitor ahead of a Whitton conveyancing firm. Am I making a mistake?
Numerous benefits exist in being able to visit a local Whitton conveyancing solicitor for example
- signing papers on short notice
- getting face-to-face explanations of things that need explaining
- the ability to complain if things are not going as expected
When comparing fees, look carefully for hidden extras. The majority decent Whitton high street solicitors give an all-inclusive price. Many online agents seem to offer discounted prices, but have burried 'extras' in the small print.