I am acquiring a flat in Bush Hill Park. My Conveyancer is not on the lender conveyancing list. Can I still use my Bush Hill Park conveyancing solicitor even though they are not on the mortgage company list of approved lawyers?
You have a couple of choices open to you here
- Proceed with your preferred Bush Hill Park conveyancing practitioner but your bank will no doubt appoint a conveyancer on their approved panel. The net result is additional fees together with probable interruption.
- Get a fresh conveyancer to act in the purchase, ensuring that they are on the lender conveyancing panel.
- Convince your lawyer to attempt to join the mortgage company panel
Our grandson is buying a house that has just been built in Bush Hill Park with a mortgage from Clydesdale. His lawyer has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Clydesdale conveyancing panel as a standard part of the process, and to the surveyor when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Clydesdale conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Are the BSA planning on creating a search tool with a view to to identify firms on the Loughborough BS conveyancing panel for instance in Bush Hill Park?
We are not aware of any plans on the part of the BSA to promote such a tool.
About to purchase a new build flat in Bush Hill 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 is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Bush Hill Park
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. There must be mutual enforceability of lessee’s covenants. 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.
I am downsizing from my house. My past conveyancers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Bush Hill Park if that makes things easier.
You should use our search tool to help you choose a solicitor for your conveyancing in Bush Hill Park. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
I have given up trying to purchase the freehold in Bush Hill Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to judgment on the sum to be paid.
An example of a Lease Extension case for a Bush Hill Park flat is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case affected 1 flat. The unexpired residue of the current lease was 81.79 years.
What makes a Bush Hill Park lease unacceptable for security purposes?
There is nothing unique about leasehold conveyancing in Bush Hill Park. All leases are drafted differently and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Accord Mortgages Ltd, Skipton Building Society, and Godiva Mortgages Ltd all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease does not cover certain provisions they may refuse to grant the mortgage, obliging the purchaser to withdraw.