I have been recommended a conveyancing solicitor in Archway. I I am struggling to find out if they are on the Virgin Money conveyancing panel. Can you advise?
The first thing you should do is contact the lawyer and ask them whether they are on the lender panel. Otherwise please get in touch with Virgin Money who may be able to confirm.
I need some quick conveyancing in Archway as I am faced with an ultimatum to complete within 4 weeks. Thankfully I do not need a mortgage. Is it possible to decline from having conveyancing searches to save fees and time?
As you are not getting a home loan you have the choice not to have searches conducted although no lawyer would recommend that you don't. With plenty of history conveyancing in Archway the following are examples of what can crop up and adversely impact future saleability: Enforcement Actions, Overdue Charges, Overdue Grants, Road Schemes,...
Over the last few months I have been searching for a flat up to £235,500 and found one close by in Archway I like with amenity areas and station in the vicinity, however it's only got 51 remaining years left on the lease. I can't really find anything else in Archway suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan that many years will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you can ask them to commence the lease extension formalities 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 solicitor regarding this.
My husband and I are novice buyers - had an offer accepted, but the estate agent told us that the owners will only proceed if we use the agent's preferred conveyancers as they need an ‘expedited deal’. Our preferred option is to instruct a family solicitor used to conveyancing in Archway
It is highly unlikely the owners are driving this. If they desire ‘a quick sale', turning down a motivated purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you have nothing to sell (d) you wish to move quickly (e)however you intend to instruct your own,trusted Archway conveyancing firm - as opposed tothe ones that will earn their estate agent a commission or achieve conveyancing thresholds demanded by head office.
All being well we will complete the sale of our £425,000 apartment in Archway on Monday in a week. The freeholder has quoted £384 for Landlord’s certificate, insurance certificate and 3 years service charge statements. Is the landlord entitled to charge an administration fee for a flat conveyance in Archway?
Archway conveyancing on leasehold apartments more often than not requires the purchaser’s solicitor sending enquiries for the landlord to address. Although the landlord is under no legal obligation to respond to such questions most will be willing to assist. They are at liberty to invoice a reasonable administration fee for responding to questions or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some cases it is in excess of £800. The management information fee invoiced by the landlord must be sent together with a synopsis of rights and obligations in relation to administration charges, without which the invoice is not strictly payable. In reality you have no option but to pay whatever is demanded if you want to sell the property.
Having spent months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Archway. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to decide the sum to be paid.
An example of a Lease Extension decision for a Archway flat is Flat 2A 19 Shepherds Hill in June 2014. The tribunal concluded in accordance with section 48 and schedule 13 of the Leasehold Reform,Housing and Urban Development Act (the 1993 Act) that the premium payable in respect of the grant of a new lease for the Flat be £24,303 (twenty four thousand three hundred and three pounds) This case related to 1 flat. The unexpired residue of the current lease was 67.85 years.
What is the reason for my conveyancing practitioner requiring numerous items of ID before they can proceed with my conveyancing in Archway?
Archway lawyers are required by the Law Society, SRA, HMLR and current AML legislation to record that the have checked the identity of their clients. It will also be a condition of your mortgage offer. In addition they have to complete various forms, particularly those relating to Land Tax and need to have information such as your full names, NI number and date of birth.