We were about to retain a conveyancing solicitor in West Hendon listed on your site but have come across alternative fee calculations via the web seem less expensive – why is this?
You can find plenty of conveyancing companies advertising at first sight what seems to be extremely cheap conveyancing in West Hendon. You should give due consideration about how important this transaction is to you that want to take 'cheap' risks concerning the quality of the legal work. Many of them highlight a low fee as a headline but plant supplemental charges in the fine print..
I happen to be the sole recipient of my late grandmother’s will and I have everything in my name alone, including the house in West Hendon. Conveyancing formalities meant that the Land Registry date was in December. I now wish to sell up. I do know about the CML six month 'rule', meaning my proprietorship will be regarded the same way as though I had purchased the house in December. Will no one buy the property for half a year?
The CML handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. How practical a view mortgage companies take of it, depend on the bank as this requirement chiefly exists to pick up on subsales or the wholesaling and assigning of properties.
When it comes to mortgage companies such as Leeds Building Society, do West Hendon lawyers incur an annual charge to be on the conveyancing panel?
We are unaware of any mortgage company fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel application.
We have a mortgage agreed in principle with Lloyds. West Hendon conveyancing lawyers were selected. How long does it take for Lloyds to issue the offer to the solicitor?
There is no definitive answer here. Have Lloyds done the survey? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I've recently found out that there is a flying freehold element on a property I put an offer in last month in what was supposed to be a straight forward, no chain conveyancing. West Hendon is where the house is located. Is there any guidance you can give?
Flying freeholds in West Hendon are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in West Hendon you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in West Hendon may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am attracted to a two apartments in West Hendon which have about fifty years remaining on the lease term. Will this present a problem?
There are plenty of short leases in West Hendon. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease shortens the marketability of the lease deteriorates and it becomes more expensive to acquire a lease extension. For this reason it is generally wise to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a conveyancer and surveyor with experience in this field.
I own a first floor flat in West Hendon. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
Most certainly. We are happy to put you in touch with a West Hendon conveyancing firm who can help.
An example of a Lease Extension decision for a West Hendon premises is First Floor Flat 61 Wilberforce Road in March 2014. The premium payable was £10,130 and the case was remitted back to the Willesden County Court to effect the Vesting Order (Claim No 3W103100). This case was in relation to 1 flat. The unexpired residue of the current lease was 71 years.
Our conveyancing in West Hendon completes this Friday, but the person I am purchasing from wants to vacate the next day at afternoon. Can I agree to this?
It is not possible to complete on a Saturday due to the bank systems aren't operating.