How up to date is your database of Oval solicitors on the Kent Reliance conveyancing panel? Do Kent Reliance send you an updated list?
Oval conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
I have justfound out that Action Conveyancing have closed. They carried out my conveyancing in Oval for a purchase of a leasehold flat 10 months ago. How can I be sure that my home is not still registered in the name of the former proprietor?
The easiest method to see if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Oval conveyancing specialists.
How do I identify a Oval solicitor on the Platform Home Loans Ltd conveyancing panel? I am a keen cyclist and am prepared to travel upto 25miles to meet the conveyancer.
You can use the tool on this website. Please choose the mortgage company and your location and you will see a number of Oval conveyancing lawyers locally. We have detailed some Oval conveyancing firms towards the end of this page and you can telephone them to check if they are on the Platform Home Loans Ltd member panel
I have just appointed agents to market my ground floor flat in Oval. Conveyancing is yet to be initiated, but I have recently received a yearly service charge invoice – what should I do?
It best that you clear the maintenance contribution as usual because all ground rent and service payments should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I own a ground floor flat in Oval. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for a lease extension?
in cases where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to calculate the sum to be paid.
An example of a Lease Extension decision for a Oval flat is Ground Floor Flat 39 Bronsart Road in May 2010. Following a vesting order by West London County Court the Leasehold Valuation Tribunal concluded that the price to be paid for the extended lease of the premises was Thirteen Thousand Two hundred pounds (£13,200) in accordance with the valuation. The extended lease was granted for a term of 90 years from the expiry date of the Lease and at a peppercorn ground rent from the date of the vesting order. This case affected 1 flat. The unexpired lease term was 74.77 years.
22 days into buying a residence in Oval. Conveyancing lawyer has told us the title is "Leasehold". Does this make a difference on our home loan valuation?
Oval conveyancing does not in most situations involve leasehold houses. The crucial factor here is the unexpired lease term and the ground rent. If it's 999 years with a nominal rent, it's almost the same as freehold, so it shouldn't impact the value significantly.
On the flip side, if it's, say, 50 years it is bound to have a adverse impact on the value, and most likely wouldn't be acceptable to the lender. The remaining lease term and ground rent will be set out in the lease provided to your conveyancing practitioner.