My Conveyancer in Kingston Park has never been on on the Alliance & Leicester Conveyancing Panel. Can I still continue with my family solicitor even though they are excluded from the Alliance & Leicester list of approved lawyers?
Your options are as follows:
- Complete the purchase with your existing Kingston Park lawyers but Alliance & Leicester will need to retain a solicitor on their panel. This will inevitably rack up the overall legal fees as well as cause delays.
- Find a new practitioner to to deal with the conveyancing, remembering to check they are Alliance & Leicester approved.
- Try to convince your Alliance & Leicester solicitor to attempt to join the Alliance & Leicester panel
About to purchase a new build flat in Kingston Park. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Kingston Park
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Over the last few months I have been searching for a ground for flat up to £235,500 and identified one near me in Kingston Park I like with open areas and railway links in the vicinity, the downside is that it only has 52 remaining years left on the lease. I can't really find anything else in Kingston Park for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease will be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and then assign 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 concerning this matter.
I'm refinancing my existing house to a buy to let loan with Chelsea Building Society and I will use the ballance of the raised equity towards another house. The neighborhood we are interested in is Kingston Park. Will your lawyers be able to act for the two mortgage companies and link together the two deals?
Do use our comparison tool on this site to be sure that the lawyers are approved by both banks. Assuming that they are the solicitor will be able to simultaneously deal with the two conveyancing matters but you should talk with you solicitor and specify your expectations and needs.
When it comes to my conveyancing in Kingston Park should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Kingston Park conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the solicitor's time in submitting the funds this way.