Why do I have to pay up front for my conveyancing in Putney Vale?
If you are buying a property in Putney Vale your lawyer will ask you to provide them with funds to cover the the cost of the conveyancing searches. Generally this is needed to cover the fees of the conveyancing searches. If any down payment is payable against the total price then this will be required shortly ahead of contracts are exchanged. The closing balance that is due will be payable shortly before completion.
I am in the process of remortgaging my flat in Putney Vale, does my lawyer have to be on the Kent Reliance Solicitor panel?
There is nothing to stop you using your solicitor, but Kent Reliance will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I completed on my apartment on 1 June and my personal details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Putney Vale said it would be registered in a couple of weeks. Are transfers in Putney Vale uniquely lengthy to register?
As far as conveyancing in Putney Vale is concerned, registration is no faster or slower than the rest of the country. Rather than based on location, timeframes can differ subject to who lodges the application, whether there are errors and if the Land registry have to notify any interested persons or bodies. Currently roughly 80% of such applications are fully addressed within two weeks but some can be subject to protracted delays. Registration is effected after the purchaser has moved in to the premises thus an expedited registration is not always top priority but where it is urgent that the the registration takes place urgently then you or your solicitor should contact the land registry and explain the circumstances.
I'm remortgaging my primary home to a buy to let mortgage with Norwich and Peterborough Building Society and intend to use the remaining equity towards further house. The area we are talking about is Putney Vale. Will your lawyers be able to act for the two mortgage companies and tie in the transactions?
Make use of our comparison tool on this site to ensure that the solicitors are on the relevant lender panels. On the basis that they are your lawyer will be able to simultaneously deal with the two transactions but you should have a chat with you lawyer and communicate your expectations and needs.
I've recently bought a leasehold house in Putney Vale. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Putney Vale conveyancing firm to help?
in cases where there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to decide the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Putney Vale property is 158 West Hill in November 2010. the Tribunal held that the premium to be paid for the freehold reversion should be £99,650 This case related to 7 flats. The remaining number of years on the lease was 75.88 years.