After what seems like an age a loan agreement from NatWest for the remortgage of my 4 bedroom apartment is to be issued imminently. Are you able to suggest a cheap conveyancing law firm in Enfield?
You have arrived at the wrong place to search for the lowest fares for conveyancing solicitors in Enfield. Our aim is to provide affordable conveyancing but we do not advertise as being the cheapest. Resist the temptation to appoint companies enticing you with low cost conveyancing in Enfield. The optimum result, in being led by low cost conveyancing, you will end up with what you pay for and at worst it will result in you being stung for additional fees and still not end up with the service required.
Is there a reason why leasehold purchase conveyancing in Enfield is more expensive?
In summary, leasehold conveyancing in Enfield and North London usually requires extra hours of investigation compared to freehold transactions. This includes analysing the lease terms, communicating with the landlord about the service of appropriate notices, obtaining current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
My aunt passed away 10 months ago and as sole heir and executor I was left the house in Enfield. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Clydesdale, pay off the mortgage. Is this possible?
Where you plan to refinance then Clydesdale will insist on your using a conveyancer on the Clydesdale conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Clydesdale conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Clydesdale mortgage is registered as a charge at the Land Registry.
Forgive me if this question is silly but I am unseasoned as FTB of a garden flat in Enfield. Do I receive the keys to the property on the completion date from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Enfield?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will electronically transfer the purchase money to the seller's solicitors, and once they have received this, you should be able to pick up the keys from the selling Agents and move into your new home. Usually this occurs early afternoon.
Can you help - my lawyer says that flying freehold insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Enfield?
The appropriate level of flying freehold indemnity insurance should be dictated by who who your lender is. It would differ for example between Lloyds TSB Bank and The Mortgage Works. Conveyancing solicitors as opposed to borrowers take out such insurances.
We have agreed to purchase a house in Enfield. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Nationwide be concerned?
As you are obtaining a mortgage with Nationwide your lawyer must check the formal instructions contained in Section 2 of UK Finance Lenders’ Handbook for Nationwide. The CML Handbook includes minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Nationwide where a lease does not comply with these requirements. The requirements relate to the installation of panels on properties countrywide and is not restricted to Enfield.
How does conveyancing in Enfield differ for newly converted properties?
Most buyers of new build residence in Enfield approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is built. This is because developers in Enfield typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Enfield or who has acted in the same development.
I am attracted to a two maisonettes in Enfield which have about 50 years left on the leases. Will this present a problem?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As the lease shortens the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. For this reason it is advisable to increase the term of the lease. Sometimes it is difficult to sell a property with a short lease because mortgage companies may be unwilling to lend money on such properties. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a conveyancer and surveyor with experience in this field.
Having spent years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Enfield. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing landlord 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 First-tier Tribunal (Property Chamber) to calculate the price.
An example of a Lease Extension decision for a Enfield property 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 related to 1 flat. The remaining number of years on the lease was 81.79 years.