My friend's dad is a property lawyer. I hope that I'll be able to get preferential pricing for conveyancing, However if that does not come through, what level of fees would I typically be looking at for conveyancing in Highams Park?
It’s a good idea to obtain two or three conveyancing quotes. Do use our comparison tool on this page. You will notice that prices may vary but the service one can expect differ between law firms as is the case with the vast majority of professional services.
We are purchasing a newly built duplex in Highams Park and my lawyer is telling me that she is duty bound to the mortgage company to disclose incentives from the builder. The Estate Agents are hassling me to exchange and I have no desire to delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancing practitioner. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My lender has suggested a law firm on their panel based in Highams Park but I would rather use a conveyancing lawyer in Highams Park round the corner to me. Are you able to help?
The minority of Highams Park conveyancing solicitors are listed all lender’s conveyancing panel. Use the above find an approved solicitor tool to identify a Highams Park conveyancing firm on the on the bank panel.
I am looking for a leasehold apartment up to £245,000 and identified one close by in Highams Park I like with a park and railway links in the vicinity, the downside is that it only has 51 years on the lease. There is not much else in Highams Park in this price bracket, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years will be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
I’m about to sell my basement flat in Highams Park. Conveyancing solicitors are to be appointed soon, but I have recently had a half-yearly maintenance charge demand – what should I do?
The sensible thing to do is pay the service charge as you normally would given that all rents and maintenance invoices will be allotted on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Following years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Highams Park. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Highams Park conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Highams Park flat is 48 Greenleaf Road in December 2009. the lessees sought to exercise their right to purchase the freehold from the landlord by way of collective enfranchisement in accordance with the Leasehold Reform Housing and Urban Development Act 1993.The landlord could not be found.A vesting order was granted from the Bow County Court on 10 September 2007 (Claim No: 8BO04141). The Tribunal held that the premium to be paid was £3,850 This case was in relation to 2 flats. The remaining number of years on the lease was 104 years.
I've found a house that appears to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have since discovered that it's a leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Highams Park. Conveyancing lawyers have are soon to be appointed. Will my lawyers set out the risks of buying a leasehold house in Highams Park ?
Most houses in Highams Park are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. It is clear that you are purchasing in Highams Park so you should seriously consider looking for a Highams Park conveyancing practitioner and be sure that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to conduct changes to the property. You may also be required to pay a service charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should appraise you on the various issues.