My wife and I purchased a 4 bedroom Victorian house in North Kensington. Conveyancing lawyer represented me and TSB. I did a free Land Registry search last week and there are two entries: the first freehold, the second leasehold with the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in North Kensington and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing practitioner who conducted the work.
How does conveyancing in North Kensington differ for new build properties?
Most buyers of new build property in North Kensington approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is finished. This is because developers in North Kensington typically purchase the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in North Kensington or who has acted in the same development.
I'm refinancing my current house to a BTL mortgage with Leeds Building Society and I will use the ballance of the raised equity as a deposit on a second property. The area we are talking about is North Kensington. Will your lawyers be able to act for the two banks and tie in the two deals?
Make use of our search tool on this site to check that the solicitors are on the relevant lender panels. Having checked that they are your conveyancer should be able to simultaneously deal with the two deals but you should have a chat with you lawyer and make clear your expectations and requirements.
In sourcing the web for the term on line conveyancing in North Kensington it brings up numerous property lawyerslocally. With so much choice what is the best way to find the suitable conveyancer for purchase transaction?
The best method of choosing the right conveyancer is through a personal referral, so ask colleagues and relatives who have purchased a property in North Kensington or a respected estate agent or mortgage broker. Charges for conveyancing in North Kensington vary, so it's a good idea to request at least four quotes from varying types of solicitors. Dont forget to clarify that the fees are fixed.
Whilst your website is a good idea there are many lawyers listed near North Kensington being on the mortgage company conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our lender?
We do not recommend specific North Kensington firms as the right North Kensington conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with North Kensington knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..