I have given 8 weeks notice to my current landlord and must vacate my rented apartment in Haggerston by the end of next month. Conveyancing on my purchase is progressing. Can I complete in six weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not serve notice for your tenancy unless you have exchanged. Assuming that you have not previously done so, notify to your conveyancer and urge them to they seek the assistance the owners lawyers, try to get a realistic time scale from them that everyone will aim towards
I'm the single recipient of my late mum's will and I have everything in my name alone, including the my former home in Haggerston. Conveyancing formalities meant that the Land Registry date was in February. I now wish to sell up. I understand that there is a CML six month 'rule', which means that my proprietorship could be treated the same way as if I'd bought the house in February. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be caught by that. How practical a view banks take of it, depend on the lender as this requirement is principally there to identify subsales or the quick reselling of property.
I am currently in the process of buying my council flat in Haggerston. I have a mortgage agreed with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
My sealed bid on a semi in Haggerston has been agreed to, the vendors do however have an associated purchase. The sellers have placed an offer on on an apartment, however it’s not yet agreed to, and are looking at other flats booked. I have chosen a nearby conveyancing solicitor in Haggerston. What should be my next step? When do I get the mortgage application with Co-operative started?
It is understandable to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of £1k, then valuation, Haggerston conveyancing search charges, etc). First, you must ensure that your property lawyer is on the Co-operative approved list. Regarding the subsequent stages this very much dictated by the circumstances of your case, motivation for this property and on the state of the market. During a hot market many purchasers will apply for the mortgage with Co-operative and pay for the valuation and only if it comes back ok would they pay their conveyancing practitioner to proceed with the conveyancing in Haggerston.
Are there restrictive covenants that are commonly picked up during conveyancing in Haggerston?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Haggerston. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to appoint a conveyancing solicitor for purchase conveyancing in Haggerston. I have chance upon a web site which appears to be the ideal answer If there is a chance to get all the legals completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Having checked my lease I have discovered that there are only Fifty years unexpired on my lease in Haggerston. I need to get lease extension but my landlord is absent. What are my options?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the magistrate. You will be obliged to demonstrate that you have used your best endeavours to track down the lessor. On the whole a specialist would be helpful to conduct investigations and prepare an expert document to be used as evidence that the freeholder can not be located. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s absence and the vesting order request to the County Court covering Haggerston.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Haggerston conveyancing firm to assist?
if there is a absentee landlord or where there is disagreement about the premium for a lease extension, 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 calculate the premium.
An example of a Lease Extension case for a Haggerston property is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The remaining number of years on the lease was 72.39 years.
Why is it not possible to complete our conveyancing in Haggerston on a bank holiday?
Because on completion the purchase price will be transferred electronically between the banks of the purchaser and seller's solicitor and at present this can only take place on a working day. It is not possible to complete on a saturday or sunday either.