I am purchasing a property mortgage free in Colney Hatch. I have been living for the last twelve years in Colney Hatch. Conveyancing searches are expensive. Given that I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Colney Hatch conveyancing searches are at your discretion. Your conveyancer will try and steer you, no-doubt strongly, that you should have searches completed, but he is duty bound to do this. One thing to take into account; if you are intend to sell the house one day, it will be of importance to your future purchaser what the searches contain. On occasion properties with no practical issues can still reveal unfavourable search results. A competent conveyancing solicitor in Colney Hatch should be able to give you some practical advice concerning this.
Completed the sale of my flat in Colney Hatch last April yet the purchaser is e-mailing me complaining that his solicitor needs to hear from mine. What should have happened following completion?
After completion of your house sale your lawyer is duty bound to forward the transfer deeds and all supplemental paperwork to the buyer’s conveyancer. Depending on the transaction, your conveyancer should also evidence that the mortgage has been repaid to the purchasers lawyers. There are no post completion tasks just for conveyancing in Colney Hatch.
I have todaybecome aware that Action Conveyancing have closed. They carried out my conveyancing in Colney Hatch for a purchase of a leasehold flat 12 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Colney Hatch conveyancing specialists.
I am buying a new build house in Colney Hatch with a loan from Lloyds TSB Bank. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not reveal to my lawyer about the extras as it could put at risk my mortgage with Lloyds TSB Bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the UK Finance website. UK Finance form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the input of my in-laws I had a survey completed on a property in Colney Hatch in advance of instructing solicitors. I have been informed that there is a flying freehold overhang to the property. The surveyor advised that some lenders tend refuse to grant a loan on such a property.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. Should you wish to telephone us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Colney Hatch. Conveyancing will be smoother if you use a solicitor in Colney Hatch especially if they regularly deal with such properties in Colney Hatch.
Can you offer any advice when it comes to finding a Colney Hatch conveyancing practice to carry out our lease extension conveyancing?
When appointing a solicitor for lease extension works (regardless if they are a Colney Hatch conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Colney Hatch conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be helpful:
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What are the legal fees for lease extension conveyancing? How familiar is the practice with lease extension legislation?
I have had difficulty in trying to purchase the freehold in Colney Hatch. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We are happy to put you in touch with a Colney Hatch conveyancing firm who can help.
An example of a Lease Extension case for a Colney Hatch flat is 90 & 96 Poplar Grove in June 2013. It was held by the Tribunal that the premium to be paid for the new lease in respect of each of the flats referred should be £17,942 This case affected 2 flats. The number of years remaining on the existing lease(s) was 68 years.