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Recently asked questions about conveyancing in Knightsbridge

I note that there are debates on Chancel Insurance on online forums. Am I compelled to take this when purchasing a house in Knightsbridge? or Apparently there is a law dating back centuries that means some homeowners residing in a parish church boundary may be liable to contribute towards maintenance to the chancel in proximity to the church. Is this suitable for conveyancing in Knightsbridge?

Unless a previous acquisition of the house took place after 12 October 2013 you can take it that conveyancing practitioners conducting conveyancing in Knightsbridge to remain encouraging a chancel search and or insurance against a claim.

Just bought a detached house in Knightsbridge , how long should it take for the Land Registry to deal with the formalities evidencing my ownership? My Knightsbridge conveyancing solicitor has been very slow, so I want to be certain the post completion formalities are concluded.

As far as conveyancing in Knightsbridge is concerned, registration is no quicker or slower than the rest of the country. As opposed to being determined by geographic area, timeframes can vary depending on who lodges the application, whether it is in order and if the Land registry must send notices to any third parties. As of today approximately three quarters of submission are fully dealt with in less than three weeks but some can be subject to protracted delays. Registration occurs once the purchaser is living at the property so an expedited registration is not typically top priority yet where it is urgent that the the registration takes place urgently then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.

As co-executor for the estate of my father I am disposing of a property in Cardiff but live in Knightsbridge. My solicitor (who is 235 kilometers awayhas requested that I sign a statutory declaration ahead of completion. Can you recommend a conveyancing lawyer in Knightsbridge who can witness and place their company stamp on the document?

strictly speaking you should not need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are Knightsbridge based

I am attracted to a two maisonettes in Knightsbridge both have in the region of fifty years unexpired on the leases. Do I need to be concerned?

There are plenty of short leases in Knightsbridge. The lease is a right to use the property for a prescribed time frame. As the lease shortens the value of the lease reduces and results in it becoming more costly to acquire a lease extension. For this reason it is advisable to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you seek professional assistance from a solicitor and surveyor with experience in this arena.

I have given up trying to purchase the freehold in Knightsbridge. Can the Leasehold Valuation Tribunal adjudicate on premiums?

in cases where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to arrive at the price.

An example of a Lease Extension decision for a Knightsbridge property is Flat 3 47 Cadogan Square in December 2010. the Tribunal determined that the premium payable to the landord by the leaseholder for the lease extension was £732,935 This case related to 1 flat. The number of years remaining on the existing lease(s) was 13.33 years.

My wife and I soon to complete on the purchase a house in Knightsbridge but as a consequence of wreckage from the recent storms I have agreed compensation from the seller of four thousand pounds in the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process yet my bank will not permit this. Should they have been informed?

The property lawyer listed on the bank approved list is required to inform the bank of any variations to the purchase amount. In the event that you prohibit your solicitor to report the reduction to your lender then they would need to discontinue representing you and the mortgage company.

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