I have given 2 months notice to my existing landlord and must be out of my rented apartment in West London by the end of next month. Conveyancing on my purchase is progressing. Is it possible to complete in 4 weeks as don't want to have to move into temporary accommodation?
Generally one should not serve notice for your letting until you have exchanged. Assuming that you have not previously done so, contact to your lawyer and ask them to they cajole the other side, try to get a realistic time scale from them that all parties will work towards
I am thinking of mortgaging my flat in West London, does my lawyer need to be on the UBS Solicitor panel?
In theory, you could use a solicitor that is not on the UBS conveyancing panel, but UBS would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I opted to have a survey completed on a property in West London in advance of retaining conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor advised that some banks will refuse to grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you e-mail us we can look into this further via 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 West London. Conveyancing will be smoother if you use a solicitor in West London especially if they are accustomed to such properties in West London.
I own a leasehold flat in West London. Conveyancing and Barclays mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing solicitor in West London who acted for me is not around. Any advice?
First make enquiries of the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. There is no need to instruct a West London conveyancing lawyer to do this as it can be done on-line for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I own a a ground floor purpose built flat in West London. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
Where there is a absentee landlord or where there is disagreement 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 amount due.
An example of a Lease Extension case for a West London property is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The unexpired term as at the valuation date was 72.39 years.
My intention is to purchase a garden flat in West London. Conveyancing lawyer is awaiting, from the seller, building insurance paperwork. This afternoon I was informed that the seller must forward the insurance paperwork for the flat above as well. Why would my conveyancing practitioner want to check the insurance for the flat above? Is it really required? We have been stalled for the last month…
It is not impossible in leasehold conveyancing in West London to discover Conveyancing in West London in a minority of cases reveals that the lease obliges the tenant's to insure their individual flats rather than the freeholder insuring the complete property - which is clearly preferable. Do double check with your property lawyer but it would appear that your conveyancing practitioner is attempting to verify that the whole building is insured. Insuring a ground floor apartment is no help when it comes to rebuilding after a fire if the 1st floor cannot be reinstated for lack of insurance.