I am getting closer to an exchange on a property in Finsbury and my mum and dad have transferred the ten percent deposit to my property lawyer. I am now informed that as the deposit has been sent from someone other than me my solicitor needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancer is obliged to check with the bank to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My mortgage company has recommended a law firm on their panel based in Finsbury but I would rather choose a conveyancing lawyer in Finsbury round the corner to me. Are you able to assist?
Not all Finsbury conveyancing practices are on all lender’s conveyancing panel. Please make the most of the above find an approved solicitor tool to choose a Finsbury conveyancing solicitor on the on the mortgage company panel.
This question may be naive but I am unexperienced as FTB of a two bedroom flat in Finsbury. Do I receive the keys to the house on completion from my solicitor? If this is the case, I will appoint a local conveyancing solicitor in Finsbury?
On the day of completion you do not need to attend the conveyancers office in Finsbury. Your solicitors will arrange to send the completion advance to the owner’s lawyers, and once they have received this, you will be invited to pick up the keys from the Estate Agents and start moving into the property. Usually this occurs between 1 and 3pm.
We are purchasing a 4 bedroom semi-detached house in Finsbury. We would like to convert the garage to an office at the property.Will the conveyancing process involve investigations to see if these works were previously refused?
Your solicitor will review the deeds as conveyancing in Finsbury can on occasion identify restrictions in the title documents which prohibit categories of works or need the consent of another owner. Certain extensions require local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
How can we tell if a Finsbury conveyancing solicitor on the Nottingham panel is any good?
When it comes to conveyancing in Finsbury getting recommendations is a sensible start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always suggest that you speak with the solicitor handling your transaction.
I used Wolstenholmes a few years ago for my conveyancing in Finsbury. Now, I need the documents but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Finsbury of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Just had an offer accepted on a new build apartment in Finsbury. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Finsbury
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £275,000 garden flat in Finsbury on Friday in a week. The landlords agents has quoted £348 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Finsbury?
Finsbury conveyancing on leasehold flats more often than not involves the purchaser’s solicitor sending questions for the landlord to answer. Although the landlord is under no legal obligation to address such questions the majority will be willing to do so. They are entitled to charge a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is over three hundred pounds, in some situations it is above £800. The management information fee invoiced by the landlord must be accompanied by a summary of entitlements and obligations in relation to administration charges, without which the invoice is not strictly payable. In reality you have little choice but to pay whatever is requested of you if you want to exchange contracts with the buyer.
I have had difficulty in negotiating a lease extension in Finsbury. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the sum to be paid.
An example of a Lease Extension case for a Finsbury flat is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case was in relation to 1 flat. The remaining number of years on the lease was 66.8 years.