We are getting closer to an exchange on a house in Enfield Town and my parents have transferred the exchange deposit to my conveyancer. I am now advised that as the deposit has not arrived from me my conveyancing practitioner needs to make a notification to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I advised the bank regarding my parents' contribution when I applied for the home loan, so is it really necessary for him to raise this?
Your solicitor is legally required to clarify with the bank to make sure that they know that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
A relative informed me that in purchasing a property in Enfield Town there may be various restrictions affecting the ability to carry out external changes to the property. Is this right?
There are a number of properties in Enfield Town which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Enfield Town should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I recently had an offer accepted on a house in Enfield Town. My mortgage broker recommended their conveyancers. I paid an upfront payment of £175. Shortly after, the lawyer called me embarrassingly acknowledging that they were not on the Nationwide conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nationwide panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Nationwide have agreed my home loan in principle, my offer on a apartment in Enfield Town has been agreed to, now what?
The property agent will wish to know who your solicitors are (ensure that the conveyancers are on the lender’s panel). Telephone Nationwide or the broker and finish off any relevant documentation. Nationwide will instruct a valuer who will get in touch with the estate agent or vendor to schedule an appointment. Once conducted (assuming no problems) it takes approximately ten days to get a mortgage offer. Nationwide will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Enfield Town.
I have recentlybecome aware that Stirling Law have closed. They carried out my conveyancing in Enfield Town for a purchase of a freehold house 18 months ago. How can I establish that the property is in my name in the name of the previous owner?
The easiest method to see if the property is registered to you, 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 Enfield Town conveyancing specialists.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and found one near me in Enfield Town I like with amenity areas and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in Enfield Town suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage that many years will be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
Expecting to exchange soon on a ground floor flat in Enfield Town. Conveyancing lawyers have said that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Enfield Town should include some of the following:
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You should know whether the lease permits you to add or improve anything in the property- you must be made aware as to whether any restrictions applies to all alterations or just structural alteration, and whether consent is mandated necessary Who has the liability to repair and maintain the main walls and foundations. It is essential for you to know who is duty bound to repair and maintenance of every part of the building Does the lease require carpeting throughout thus preventing wood flooring? Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? specifics of the parties to the lease, for example these could be the leaseholder, superior lessor, freeholder
We have reached the end of our tether in seeking a lease extension in Enfield Town. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee 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 Leasehold Valuation Tribunal to judgment on the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Enfield Town 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 affected 1 flat. The remaining number of years on the lease was 81.79 years.
I'm selling a house in Enfield Town. I can find my conveyancer's company on the CLC list, but I can't find my lawyer's name on the list. Should I be concerned?
Not all staff in the practice must be listed by the regulator. Provided there is someone qualified to 'oversee' the work, the actual day-to-day activity can be undertaken by unlicensed staff.