My house in Fairlop is up for sale and I have a purchaser. Does the property lawyer have to be required to be on the Barclays conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
It has been 4 months following my purchase conveyancing in Fairlop concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Fairlop differ for new build properties?
Most buyers of new build property in Fairlop approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the premises is built. This is because house builders in Fairlop tend to buy the land, 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 conveyancers 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 Fairlop or who has acted in the same development.
Am I best advised to appoint a Fairlop conveyancing solicitor in close proximity to the house I am buying? An old friend can conduct the conveyancing however her office is a couple of hundredmiles drive away.
The primary upside of using a high street Fairlop conveyancing practice is that you can pop in to sign documents, hand in your ID and apply pressure on them if necessary. They will also have local knowledge which is a benefit. However it's more important to get someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were impressed that should outweigh using an unknown Fairlop conveyancing lawyer just because they are Fairlop based.
What are your top tips when it comes to choosing a Fairlop conveyancing firm to deal with our lease extension?
If you are instructing a property lawyer for lease extension works (regardless if they are a Fairlop conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Fairlop conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
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If they are not ALEP accredited then what is the reason?
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Fairlop conveyancing firm to assist?
Absolutely. We are happy to put you in touch with a Fairlop conveyancing firm who can help.
An example of a Lease Extension decision for a Fairlop flat is 104 Coventry Road in July 2014. The Tribunal determined that the lease extension permium should be £22,896.15 This case related to 1 flat. The unexpired term as at the valuation date was 60.29 years.
Would local authority consent be needed to split a house into a couple of flats in Fairlop? This has occurred to a house adjacent to a relative in Fairlop and was ignorant of it happening until it was done.
Planning consent is needed for converting a single dwelling in Fairlop into apartments but possibly not for converting back to single dwelling-house so, in answer to your query, yes,a it is needed.