I am buying a garden flat in Muswell Hill. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Muswell Hill you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Muswell Hill.
three months have gone by following my purchase conveyancing in Muswell Hill completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking for a leasehold apartment up to £235,500 and found one near me in Muswell Hill I like with amenity areas and transport links nearby, however it's only got 51 years unexpired on the lease. There is not much else in Muswell Hill for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
Do I need to be wary that estate agents that I am dealing with are encouraging me to use a factory type conveyancing firm as opposed to a local Muswell Hill conveyancing practice?
As with many professional services, often suggestions from connections can be very helpful. Yet there are lots of people with a keen interest in a conveyancing deal; estate agents, financial adviser and lenders may suggest solicitors to use. On occasion the lawyers might be known to one of the organisations as being good in their field, but sometimes there exists a commercial relationship behind the recommendation. You have the right to choose your own conveyancer. You need to be aware that the majority of lenders operate an approved list of conveyancers you are obliged to use for the lender aspect of your conveyancing.
We're new to the buying process - had an offer accepted, but the selling agent told us that the vendor will only proceed if we use the agent's recommended conveyancers as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family solicitor who is familiar with conveyancing in Muswell Hill
It is unlikely the sellers are driving this. If they require ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Contact the vendors directly and explain that (a)you are genuine purchasers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you are going to appoint your own,trusted Muswell Hill conveyancing firm - as opposed tothe ones that will provide their negotiator at the agency a introducer fee or meet his conveyancing targets pre-set by senior management.
I am an executor of my recently deceased parent's Will, with a house in Muswell Hill which will be marketed. The house is unregistered at the Land Registry and I'm told that some estate agents will insist that it is completed before they will proceed. What's the procedure for this?
In the circumstances that you have set out it seems sensible to apply to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.