I am purchasing an apartment in Hornsey Rise. My Conveyancer is not listed on the bank solicitor panel. Can I still retain my Hornsey Rise conveyancing solicitor notwithstanding that they are not on the bank panel?
You must have a conveyancing practitioner to deal with the legal work required if you take out a mortgage to buy your property. The solicitor will carry out all the essential due diligence on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage documentation is in order. One could appoint a Hornsey Rise property lawyer of your choice. Nevertheless, if the property lawyer appointed is not a member of the lender conveyancing panel supplemental costs will arise as separate legal representation will be need by the bank. Conveyancing panel applications may be submitted, so if your conveyancer has not in the past applied for membership they can do so.
Would the conveyancing solicitors listed on your site perform attended exchange conveyancing in Hornsey Rise?
We do have a number of conveyancing specialists who can conduct personalised exchanges. You should call us to secure a fee calculation and details as to availability.
I own a semi-detached Victorian house in Hornsey Rise. Conveyancing lawyer represented me and Lloyds TSB Bank. I did a free Land Registry search last week and there are a couple of entries: the first freehold, the second leasehold under the matching property. Is it worth asking Lloyds TSB Bank to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Hornsey Rise and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing solicitor who conducted the conveyancing.
My cousin has suggested that I use his conveyancing solicitors in Hornsey Rise. Should I use them?
Much as we are happy to recommend a Hornsey Rise conveyancing lawyer the ideal way to find a conveyancing practitioner is to seek feedback from friends or relatives who have actually previously instructed the firm you're considering.
Do you have any advice for leasehold conveyancing in Hornsey Rise with the aim of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Hornsey Rise can be avoided where you instruct lawyers the minute your agents start advertising the property and ask them to collate the leasehold information which will be required by the buyers’ representatives. A minority of Hornsey Rise leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference should make it clear that the buyer is able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors. You may think that you are aware of the number of years left on your lease but you should double-check by asking your lawyers. A purchaser's lawyer will not be happy to advise their client to to exchange contracts if the lease term is below 80 years. In the circumstances it is essential at an early stage that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you have had conflict with your freeholder or managing agents it is very important that these are settled prior to the flat being marketed. The buyers and their solicitors will be reluctant to purchase a flat where a dispute is unsettled. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as historic as opposed to unresolved.
Having spent years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Hornsey Rise. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the LVT to arrive at the premium.
An example of a Freehold Enfranchisement case for a Hornsey Rise residence is 51 Lorne Road in November 2009. The price Payable as decided by the tribunal for the freehold reversion was £27,000. The valuation follows the order of the County Court made on 3 April 2008 granting a vesting order. This case related to 1 flat. The unexpired residue of the current lease was 71 years.
I need to consider quotes for conveyancing in Hornsey Rise from three solicitor and choose one. Am I right to ask them to hold tight until I I have an offer accepted on a apartment.
We would recommend that you only ask your conveyancing practitioner to open a file and apply for searches after the offer has been agreed to on the property particularly as Hornsey Rise conveyancing searches are not inexpensive.