I went with a local lawyer for our conveyancing in Canonbury today. After carefully reading the Terms it is apparent thatwe are responsible for costs even if the movedoes not happen. Should I ditch them and select an on-line conveyancing brokerage promoting no completion no cost conveyancing in Canonbury?
Generally there is a compromise along the lines that if "No Completion No Fee" is available then the conveyancing charges will tend to be be more expensive to neutralise the transactions that do not proceed. Also remember that these promotions rarely cover expenditure such as Canonbury conveyancing search fees.
I have given 2 months notice to my existing landlord and must vacate my rented apartment in Canonbury by 14/5/2025. Conveyancing on my purchase is underway. Is it possible to complete in three weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not give notice for your tenancy until your lawyer suggests that you should. If you have not previously done so, contact to your solicitor and urge them to they cajole the owners lawyers, try to an agreed time frame that all parties will look to achieve
We are purchasing a flat and need a conveyancing solicitor in Canonbury who is on the Barclays approved panel. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for Barclays . We don't recommend any particular firms conducting conveyancing in Canonbury.
What happens if my solicitor is removed from the Bank of Ireland Conveyancing panel ahead of completing my conveyancing in Canonbury?
First, this is very unlikely to happen. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a quick, chain free conveyancing. Canonbury is the location of the property. Is there any guidance you can impart?
Flying freeholds in Canonbury are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Canonbury you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Canonbury may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Can you provide any top tips for leasehold conveyancing in Canonbury with the purpose of saving time on the sale process?
- Much of the frustration in leasehold conveyancing in Canonbury can be reduced where you instruct lawyers as soon as you market your property and request that they start to put together the leasehold information needed by the purchasers’ lawyers. You may think that you are aware of the number of years remaining on your lease but it would be advisable double-check by asking your solicitors. A buyer’s conveyancer will be unlikely to recommend their client to where the remaining number of years is less than 75 years. In the circumstances it is essential at an early stage that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. If you are supposed to have a share in the Management Company, you should ensure that you have the original share document. Obtaining a duplicate share certificate can be a time consuming process and slows down many a Canonbury home move. Where a reissued share certificate is required, do contact the company director and secretary or managing agents (if relevant) for this sooner rather than later. A minority of Canonbury leases require Landlord’s consent to the sale and approval of the buyers. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers.
Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Canonbury. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We are happy to put you in touch with a Canonbury conveyancing firm who can help.
An example of a Lease Extension case for a Canonbury premises is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case was in relation to 1 flat. The unexpired term as at the valuation date was 80.5 years.