Can you help? My North Harrow conveyancer is informing me me that he is legally obliged toorder North Harrow conveyancing searches becausethe firm are on the Lloydsapproved lawyer panel. Is my conveyancer correct?
Unfortunately both you and your lawyer have little choice here. Given that you are taking out a loan with a lender your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your lawyer would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook conditions . Even if you were a cash buyer you would be ill advised not to carry out North Harrow conveyancing searches.
I opted to have a survey completed on a property in North Harrow ahead of instructing conveyancers. I have been advised that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies tend refuse to grant a loan on such a house.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you contact us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in North Harrow. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in North Harrow to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in North Harrow cover?
North Harrow conveyancing for business premises incorporates a broad range of advice, provided by regulated solicitors, relating to business premises. For example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Back In 2000, I bought a leasehold house in North Harrow. Conveyancing and TSB mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1995. The conveyancing solicitor in North Harrow who previously acted has now retired. Any advice?
First contact the Land Registry to make sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a North Harrow conveyancing firm to do this as you can do this on the Land Registry website for £3. You should note that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
After years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in North Harrow. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to make a decision on the price.
An example of a Lease Extension decision for a North Harrow residence is flat 93b Welldon Crescent in May 2009. The Tribunals valuation for a 90-year lease extension of this fat was £13,171 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 75.25 years.
Do I cancel the direct debit for my mortgage with UBS as soon as a completion date for my home sale in North Harrow has been set?
You would be well advised to keep paying any mortgage sums to UBS pending the mortgage being paid off out of the proceeds of sale as part of your North Harrow conveyancing.