We were just about to exchange contracts for a freehold house in Enfield Highway. We encountered a snag. The loan offer with Bank of Scotland expires on 22/4/2025 but the vendors are insisting on a completion date of 24/4/2025. Can one extend the loan expiry date?
The person best placed to address this issue is your lawyer who is in a position to determine if he or she is should be discussing with the bank, seller’s lawyers, selling agents or possibly all three given the history of your house move to date.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Enfield Highway?
Two types of professional can execute conveyancing in Enfield Highway namely licenced conveyancers or solicitors. The two can handle the legal services that you need to complete the sale or acquisition of property. They are both required to perform Enfield Highway conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be professionally conducted and that all necessary steps should be correctly taken.
This question may be naive but I am wet behind the ears as a first time buyer of a two bedroom flat in Enfield Highway. Do I receive the keys to the premises on completion from my solicitor? If so, I will appoint a local conveyancing solicitor in Enfield Highway?
On the day of completion you do not need to go to the conveyancers office in Enfield Highway. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s lawyers, and once they have received this, you will be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
About to purchase maisonette in Enfield Highway. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Nottingham conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Enfield Highway property lawyer is on the Nottingham conveyancing panel.
We are buying a house and the lawyer has raised the issue of Chancel Repair for which the property may be liable because it falls into the area of such a church. He has recommended insurance. Is this really required for conveyancing in Enfield Highway
Unless a prior acquisition of the premises took place after 12 October 2013 you can assume that solicitors delivering conveyancing in Enfield Highway to remain encouraging a chancel search and or chancel repair liability insurance.
I am purchasing my first flat in Enfield Highway with the aid of help to buy. The builders refused to move on the amount so I negotiated 6k of additionals instead. The house builders rep advised me not inform my solicitor about the side-deal as it could jeopardize my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML 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.
I am using a search engine for the words cheap conveyancing in Enfield Highway it brings up many solicitorsin the area. How do I determine which is the right conveyancing solicitor for the sale of my house?
The ideal method of seeking the right conveyancer is through a trusted testimonial, so ask colleagues and family who have bought a property in Enfield Highway or a local estate agent or financial adviser. Charges for conveyancing in Enfield Highway vary, so it's a good idea to obtain at least three estimates from varying types of property lawyers. Dont forget to clarify that the fees are fixed.
I work for a busy estate agent office in Enfield Highway where we have witnessed a few flat sales jeopardised due to leases having less than 80 years remaining. I have received contradictory information from local Enfield Highway conveyancing solicitors. Please can you confirm whether the seller of a flat can start the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
My wife and I have hit a brick wall in trying to purchase the freehold in Enfield Highway. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a Enfield Highway conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold case for a Enfield Highway residence is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case was in relation to 2 flats. The number of years remaining on the existing lease(s) was 80.01 years.