Can you explain why leasehold purchase conveyancing in Brent Park costs more?

Brent Park leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.

What happens if my solicitor is removed from the Co-operative Solicitor panel ahead of completing my conveyancing in Brent Park?

The first thing to point out is that, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.

How does conveyancing in Brent Park differ for new build properties?

Most buyers of new build premises in Brent Park approach us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is built. This is because developers in Brent Park usually acquire the site, 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 conveyancing solicitors 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 Brent Park or who has acted in the same development.

I have just started marketing my basement flat in Brent Park. Conveyancing has not commenced, but I have recently had a quarterly service charge demand – what should I do?

Your conveyancing lawyer is likely to suggest that you should pay the maintenance contribution as usual as all ground rent and service invoices 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 management companies will not acknowledge the buyer until 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 inherited a garden flat in Brent Park. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?

Most certainly. We can put you in touch with a Brent Park conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a Brent Park flat is 7 Craven Park in June 2009. The tribunal considered it unnecessary to value the garage as an independent investment or to value each flat separately, providing that the marriage value calculation uses only the participating flats. Accordingly, the price determined by the Tribunal was £41,140 This case affected 5 flats. The unexpired lease term was 73.14 years.

We had our home loan approved on Monday with our bank. We instructed a long established conveyancer in Brent Park yesterday. A couple of hours ago, our mortgage adviser called to say that the bank said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we had no idea that the bank had some control over our choice Is this permitted?

You can actually select any conveyencer you wish to select including the said conveyancer in Brent Park nevertheless if your lender aren't happy with them you would have to fork out additional cost so the bank can appoint their own lawyers. sometimes it is possible your solicitor may apply to get included on to the lender list of approved firms. Do make the most of internet search facilities including lenderpanel.com to find a conveyancing solcitor in Brent Park on the mortgage company panel. You can go into your local bank branch in Brent Park. They can recommend conveyancing solicitors in Brent Park on the bank panel.