I am in the throes of porting my current homeowner loan to a BTL Coventry Building Society mortgage. The bank has said that I require a solicitor for this. I spoke to the same Colindale conveyancing firm who dealt with the legals when I previously purchased the premises. The pricing estimate supplied of £500 has taken me by surprise as I am not require purchase conveyancing - it’s just a straightforward remortgage.
The estimate does seem a tad on the high side. If you shop around you may be able to get the conveyancing a bit cheaper by say a hundred pounds. That being said, assuming were pleased with the service the firm offered you couldcome to regret choosing an a cheaper solicitor. Don't forget to enquire the conveyancer can represent Coventry Building Society. Do use our search tool to choose a Colindale conveyancing firm on the Coventry Building Society approved list of lawyers, which can often include conveyancing solicitors in Colindale.
I am buying a property in Colindale. An unusual aspect is that the roof has a solar panel. Principality have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Principality your lawyer must follow the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Principality. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and conveyancers are required to report to Principality where a lease fails to satisfy these requirements. The conditions relate to the installation of panels on properties in England and Wales and is not limited to Colindale.
I am selling my house. I had a double glazing fitted in July 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's mortgage company, Yorkshire BS are being a right pain. The Colindale solicitor who is on the Yorkshire BS conveyancing panel is recommending indemnity insurance as a solution but Yorkshire BS are insisting on a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
About to purchase maisonette in Colindale. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Colindale property lawyer is on the Aldermore conveyancing panel.
Are there restrictive covenants that are commonly identified during conveyancing in Colindale?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Colindale. 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…’
I decided to have a survey done on a property in Colindale before instructing solicitors. I have been told that there is a flying freehold overhang to the property. Our surveyor advised that some mortgage companies may not give a mortgage on such a property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Colindale. Conveyancing may be slightly more expensive based on your lender's requirements.
I wish to sublet my leasehold apartment in Colindale. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
Even though your last Colindale conveyancing solicitor is not around you can check your lease to check if you are permitted to let out the property. The accepted inference is that if the lease is silent, subletting is permitted. Quite often there is a prerequisite that you need to obtain permission via your landlord or other appropriate person prior to subletting. The net result is you not allowed to sublet in the absence of first obtaining consent. Such consent must not not be unreasonably refused ore delayed. If your lease does not allow you to sublet you will need to ask your landlord for their consent.
I am the proprietor of a basement flat in Colindale. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
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 calculate the premium.
An example of a Lease Extension case for a Colindale flat is 27B Hillside in February 2010. the resulting premium, all other aspects of the valuation having been agreed between the parties was set at £8,250 This case was in relation to 1 flat. The remaining number of years on the lease was 70.25 years.