All was ready to move into my new home in Hounslow next Thursday. My lawyer now wants me to supply her with proof of content and building insurance for the property as as she informs me that she is duty bound to validate that it is in order for the mortgage company. What risks does the lender expect the insurance to cover?

All property lawyers on acting for lenders would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in a lender’s Part 2 instructions. These requirements are not limited to conveyancing in Hounslow.

My mortgage company has recommended solicitors on their panel based in Hounslow but I would rather choose a conveyancing lawyer in Hounslow round the corner to me. Can you help?

The minority of Hounslow conveyancing solicitors are listed all banks conveyancing panel. Do make the most of our find an approved solicitor tool to find a Hounslow conveyancing solicitor on the on the bank panel.

How does conveyancing in Hounslow differ for newly converted properties?

Most buyers of new build or newly converted property in Hounslow come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is ready to move into. This is because new home sellers in Hounslow tend to purchase 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 Hounslow or who has acted in the same development.

I am looking for a flat up to £235,500 and found one round the corner in Hounslow I like with a park and railway links nearby, however it's only got 51 remaining years left on the lease. There is not much else in Hounslow 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 that many years will likely be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.

What are your top tips when it comes to finding a Hounslow conveyancing firm to deal with our lease extension?

When appointing a property lawyer for your lease extension (regardless if they are a Hounslow conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of work. We advise that you talk with several firms including non Hounslow conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be useful:

Can they put you in touch with clients in Hounslow who can give a testimonial? If they are not ALEP accredited then why not?

Following months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Hounslow. Can we issue an application to the Residential Property Tribunal Service?

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

An example of a Lease Extension decision for a Hounslow residence is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case related to 1 flat. The unexpired term as at the valuation date was 60.45 years.