Our conveyancer has identified a a problem with the lease for the property we are buying in Richmond Upon Thames. The other side have offered title insurance as a solution. We are content with insurance and will pay for it. Our has advised that he must check that the lender is willing to move forward with this solution. Who is the client here, us or the bank?

The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your will have no choice but to discontinue acting for you.

Can I use your services to find a Conveyancing solicitor in Richmond Upon Thames even if I’m not purchasing or selling a house, for instance where I intend to buy an office in Richmond Upon Thames with a loan from ?

The service is primarily used to help choose domestic conveyancing solicitors in Richmond Upon Thames but we have listed at the bottom of this page a few Richmond Upon Thames commercial conveyancing firms. You should enquire with the solicitors directly to check if they can also act for

Just bought a terraced house in Richmond Upon Thames , how long should it take for the Land Registry to deal with the formalities evidencing the transfer to my name? My Richmond Upon Thames conveyancing solicitor works at snail pace, so I want to check that my purchase is registered.

As far as conveyancing in Richmond Upon Thames registration is no quicker or slower than anywhere else in the country. Rather than based on location, timeframes can adjust according to who lodges the application, whether there are errors and whether the Land registry need to notify any other parties. At present roughly 80% of submission are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Registration is effected after the purchaser is living at the premises thus 'speed' is not usually an essential issue but where there is a degree of urgency associated with the registration then you or your conveyancer could contact the land registry and explain the circumstances.

Just had an offer accepted on a new build flat in Richmond Upon Thames. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Set out below are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Richmond Upon Thames

Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.

I've found a house that seems to tick a lot of boxes, at a reasonable price which is making it more attractive. I have since found out that it's a leasehold as opposed to freehold. I would have thought that there are particular concerns buying a leasehold house in Richmond Upon Thames. Conveyancing advisers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in Richmond Upon Thames ?

The majority of houses in Richmond Upon Thames are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Richmond Upon Thames so you should seriously consider looking for a Richmond Upon Thames conveyancing practitioner and check that they are used to dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer should advise you fully on all the issues.

I inherited a 1 bedroom flat in Richmond Upon Thames, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding flats in Richmond Upon Thames with over 90 years remaining are worth £165,000. The ground rent is £45 charged once a year. The lease runs out on 21st October 50

You have 50 years remaining on your lease we estimate the price of your lease extension to be between £36,100 and £41,800 plus legals.

The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first getting professional advice.