My partner’s brother is a conveyancing practitioner. I suspect that I will receive preferential fee for conveyancing, However if that does not come materialise, what kind of costs would I typically be looking at for conveyancing in Brent Park?
You should compare pricing. Do use our search tool on this page. Whilst amounts may be different but the service one can expect differ between property lawyers as is the case with most professions.
My lawyer has uncovered a defect with the lease for the property we are purchasing in Brent Park. The seller’s lawyers have offered title insurance as a solution. We are content with insurance and will pay for it. Our conveyancer has advised that he must ensure that the lender is content with this solution. Are we the client or is the bank?
Regardless of the fact that you have a mortgage offer from the lender does not mean to say that the property will meet their conditions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook specifications. You and the bank are the client. The appropriate lender specifications have to be complied with.
I purchased a freehold house in Brent Park but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Brent Park and has limited impact for conveyancing in Brent Park but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
Should my lawyer be raising questions about flooding during the conveyancing in Brent Park.
The risk of flooding is if increasing concern for lawyers dealing with homes in Brent Park. There are those who buy a property in Brent Park, completely expectant that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the premises. Steps can be carried out during the course of a house purchase to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a various checks that may be initiated by the purchaser or by their lawyers which should give them a better understanding of the risks in Brent Park. The standard information given to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the seller to discover whether the property has suffered from flooding. If flooding has previously occurred and is not notified by the seller, then a buyer may issue a legal claim for losses stemming from an misleading reply. The purchaser’s lawyers may also order an environmental report. This should reveal if there is any known flood risk. If so, additional investigations should be conducted.
three months have gone by following my purchase conveyancing in Brent Park concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.