A colleague pointed out to me me that in purchasing a property in Hornsey there could be various restrictions preventing external alterations to a property. Is this right?
There are anumerous of properties in Hornsey which have some sort of restriction or requirement of consent to execute external variations. Part of the conveyancing in Hornsey should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We were going to get a DIP from Principality this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Principality recommend any Hornsey solicitors on the Principality conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Hornsey solicitors independently although you'll need to choose one on the Principality conveyancing panel. The solicitor represents both you and Principality through the process.
I had an offer accepted on a property in Hornsey on 10/12/2024, valuation was booked 4 days after, received a clean bill of health. Solicitor appointed, so the only thing outstanding was my mortgage offer. Having made daily calls to Co-operative and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Co-operative conveyancing panel. Are Co-operative entitled to hold back the Mortgage pending the lawyer being on the approved list?
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Co-operative to deal with your lawyer's application to be on the Co-operative conveyancing panel. There's no guarantee that your solicitor will be accepted.
I need some fast conveyancing in Hornsey as I am under an ultimatum to complete within one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are not getting a mortgage you are at liberty not to do searches although no law firm would advise that you don't. Drawing on our experience of conveyancing in Hornsey the following are instances of what can arise and adversely affect the marketability of the property: Enforcement Notices, Overdue Fees, Overdue Grants, Railway Schemes,...
How does conveyancing in Hornsey differ for new build properties?
Most buyers of new build premises in Hornsey contact us having been asked by the developer to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because new home sellers in Hornsey typically 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 property lawyers 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 Hornsey or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Hornsey in advance of retaining lawyers. I have been informed that there is a flying freehold overhang to the property. My surveyor advised that some banks tend not grant a loan on a flying freehold house.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Hornsey. Conveyancing may be slightly more expensive based on your lender's requirements.
In my capacity as executor for the estate of my grandmother I am selling a residence in Newport but I am based in Hornsey. My conveyancer (approximately 300 kilometers awayrequires that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Hornsey who can attest and place their company stamp on the document?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are based in Hornsey
My wife and I purchased a leasehold house in Hornsey. Conveyancing and Coventry Building Society mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing practitioner in Hornsey who acted for me is not around. Do I pay?
The first thing you should do is make enquiries of HMLR to be sure that the individual purporting to own the freehold is indeed the new freeholder. There is no need to incur the fees of a Hornsey conveyancing practitioner to do this as you can do this on the Land Registry website for £3. Rest assured that in any event, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have given up trying to purchase the freehold in Hornsey. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to make a decision on the amount due.
An example of a Freehold Enfranchisement case for a Hornsey flat is 7 Aubrey Road in December 2010. By an order of the county court on 15/12/2009 the freehold interest inthe Property known as 7 Aubrey Road London N8 9HH (the Property) and registered at HM Land Registry under title number MX439124 was vested in the applicants. The Tribunal calculated that the total enfranchisement premium, assessed in accordance with Schedule 6 to the Act, was £54,633. This case affected 3 flats. The unexpired term was 73.27 years.