I own a freehold property in Harlesden but still pay rent, why is this and what is this?
It is rare for properties in Harlesden and has limited impact for conveyancing in Harlesden but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
Two weeks ago we had a mortgage agreed in principle with TSB. Harlesden conveyancing lawyers have been selected. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB completed the valuation? Have you advised TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am due to exchange contracts on my apartment. I had a double glazing fitted in November 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, HSBC are being pedantic. The Harlesden solicitor who is on the HSBC conveyancing panel is saying indemnity insurance will be fine but HSBC are requiring a building regulation certificate. Why do HSBC have a conveyancing panel if they don't accept advice from them?
It is probably the case that HSBC have referred the matter to their valuer. The reason why HSBC 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.
At last I have had an offer on a flat in Harlesden agreed to, but there is a chain. The vendors have put an offer on on an apartment, however it’s not yet tied up, and are looking at other properties in the pipeline. I have instructed a high street conveyancing solicitor in Harlesden. What do I do now? At what point do I apply for the mortgage with HSBC?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Harlesden conveyancing search charges, etc). First, you should ensure that your conveyancing practitioner is on the HSBC approved list. As to the subsequent stages this very much depends on the specifics of your transaction, desire for the property and on the state of the market. In a buoyant market the majority of home buyers would apply for a home loan with HSBC and arrange for the valuation and only if it was satisfactory would they request their lawyer to press on with searches.
I am purchasing a property and the conveyancer has referenced Chancel Repair for which the property could be obligated to pay given it’s proximity to the area of such a church. She has mentioned insurance. Is this strictly necessary for conveyancing in Harlesden
Unless a prior acquisition of the house completed after 12 October 2013 you may assume that conveyancing practitioners delivering conveyancing in Harlesden to remain encouraging a chancel search and or insurance against a claim.
I am buying my first flat in Harlesden with a mortgage from HSBC Bank. The sellers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not reveal to my lawyer about this extras as it may jeopardize my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder 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.
I am selling my property. My former solicitors has retired. I am in need of a recommendation of a conveyancing firm. Im based in Harlesden if that affects matters.
Do use our search tool to help you choose a solicitor for your conveyancing in Harlesden. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.