Does a directory service exist listing HSBC panel solicitors in Kensal Rise on the UK Finance Lenders’ Handbook Website?
No. There is no such tool on the Council of Mortgage Lenders or Building Society Association sites. A small selection of banks make their panel listings open the public on the web. Where you are looking for a Kensal Rise conveyancing practitioner on the HSBC please make the most of our facility.
is it true that all Kensal Rise solicitor firms on the Virgin Money conveyancing panel are overseen by the SRA?
As solicitors, in order to be on the Virgin Money approved list of solicitors they would need to be regulated by the Solicitors Regulatory Authority. The majority of mortgage companies do allow licenced conveyancers on their panel in which case such organisation would be regulated by the Council of Licensed Conveyancers.
Nationwide have agreed my home loan in principle, my bid on a property in Kensal Rise has been accepted, what are the next steps?
The property agent will want to know who your solicitors are (be sure the property lawyers are on the lender’s panel). Contact Nationwide or your financial adviser and finalise any relevant paperwork. Nationwide will instruct a valuer who will get in contact with the estate agent or vendor to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes on average a fortnight for the mortgage offer to be issued. Nationwide will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Kensal Rise.
I have been on the look out for a flat up to £235,500 and found one round the corner in Kensal Rise I like with open areas and station in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Kensal Rise in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
My husband and I are first time buyers - agreed a price, yet the estate agent told us that the owners will only move forward if we appoint the agent's recommended lawyers as they need a ‘quick sale’. We would rather use a high street solicitor who is accustomed to conveyancing in Kensal Rise
It is improbable the sellers are driving this. If they require ‘a quick sale', turning down a genuine purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)but you will continue to instruct your own,trusted Kensal Rise conveyancing firm - not the ones that will give their negotiator at the agency a introducer fee or achieve conveyancing thresholds pre-set by HQ.
I’m about to sell my 2 bed flat in Kensal Rise. Conveyancing lawyers have not yet been instructed, but I have just received a yearly service charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should clear the invoice as you normally would as all rents and maintenance charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies 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.
Despite our best endeavours, we have been unsuccessful in trying to purchase the freehold in Kensal Rise. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee freeholder or if 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 determine the price.
An example of a Lease Extension decision for a Kensal Rise flat is 85A Chevening Road in August 2013. the Tribunals conclusions resulted in a payment of a premium for the new lease in the sum of £11,211 This case was in relation to 1 flat. The unexpired term was 84.34 years.
I am purchasing a house and cash is in place. My lawyer has been given with two distinct forms of photo ID, bank statement, numerous utility bills. Now he needs a copy from a probate lawyer advising that the money is in order and that it has come from inheritance and not dealing E's in Ibiza.
In today’s world you will not be able to complete any Kensal Rise conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Proof of your source of funds is required under Money Laundering laws.