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Ready to buy a new home in Kensal Green? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Kensal Green conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Kensal Green

My fiance and I intend to remortgage our apartment in Kensal Green with Nationwide. We have a son 18 who lives at home. Our solicitor requested us to identify any adults other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is forfeited by the lender. I have two concerns (1) Is this form unique to the Nationwide conveyancing panel as he never had to sign this form when we purchased 5 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?

On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Nationwide. This is solely used to protect Nationwide if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Nationwide had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.

In what way does my ID and proof of funds have anything to do with my conveyancing in Kensal Green? Is this really necessary?

To satisfy the Money Laundering Regulations any Kensal Green conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally satisfied by provision of a passport and an original bank statement or utility bill showing your correct address.

In accordance with Money Laundering Regulations, conveyancing solicitors are duty bound to check not simply the identity of conveyancing clients but also the origin of fund that they receive in respect of any matter. Refusal to disclose this may result in your lawyer ending their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.

Your property lawyers will have an obligation to make a disclosure to the appropriate authorities should they believe that any monies received by them may contravene the Money Laundering Regulations.

Having spent time scouring consumer advice sites for a high-quality lawyer in Kensal Green, most comment that I should instruct a CQS assured lawyer. Can you explain what CQS is?

The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing procedures via the scheme protocol Membership covers numerous partnerships who perform conveyancing in Kensal Green.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Kensal Green is the location of the property. What do you suggest?

Flying freeholds in Kensal Green are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Kensal Green you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Kensal Green may ascertain 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 property.

We are midway through purchasing a residence in Kensal Green. Conveyancing lawyer has phoned to say the property is "Leasehold". Should this make a difference on the salability of the house?

Kensal Green conveyancing does not usually involve leasehold houses. The key factor here is the unexpired lease term and the ground rent. If there are hundred of years years remaining with a peppercorn rent, it's essentially freehold, so it shouldn't impact the marketability too much.

At the other extreme, if it's, say, Sixty years it is bound to have a significant effect on the saleability, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be set out in the lease provided to your solicitor.

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Neighbouring Locations

Kensal Rise
Kilburn
Kensal Green
Wormwood Scrubs
Ladbroke Grove

Find out more about how flying freehold can affect your the value of a property.