I am the only recipient of my late father’s estate with all property in now in my sole name, including the house in Norwood Green. The Norwood Green property was put into my name in June. I plan to dispose of the house. I understand that there is a Mortgage Lenders six month 'rule', meaning my proprietorship will be regarded the same way as if I'd bought the house in June. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires 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 sensible a view banks take of it, depend on the bank as this clause is principally there to capture subsales or the flipping of properties.
Are all Norwood Green Conveyancing Quality Solicitors on the TSB conveyancing list of approved firms?
A selection of lenders now use the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.
I have decided to exercise my right to buy my property in Norwood Green off the council. I have a mortgage agreed with TSB. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use 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.
Are there restrictive covenants that are commonly picked up during conveyancing in Norwood Green?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Norwood Green. 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…’
About to purchase a new build apartment in Norwood Green. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Norwood Green
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The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I'm refinancing my current home to a buy to let loan with The Royal Bank of Scotland and intend to use the remaining equity as a down payment on further property. The neighborhood we are talking about is Norwood Green. Will your conveyancers be able to act for the two banks and link together the transactions?
Make use of our search tool on this page to check that the conveyancers are approved by both banks. Having checked that they are the solicitor should be able to simultaneously deal with the two conveyancing matters but you should have a chat with you lawyer and communicate your expectations and needs.
I need to find a conveyancing solicitor for residential conveyancing in Norwood Green. I've discover a web site which looks to be the perfect offering If it is possible to get all this stuff completed via web that would be preferable. Should I be wary? What should out be looking out for?
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?
I've found a house that seems to meet my requirements, at a great figure which is making it all the more appealing. I have just discovered that the title is leasehold as opposed to freehold. I would have thought that there are issues buying a leasehold house in Norwood Green. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
The majority of houses in Norwood Green are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. We note that you are purchasing in Norwood Green so you should seriously consider shopping around for a Norwood Green conveyancing practitioner and be sure that they have experience in advising on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example obtaining the landlord’sconsent to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the property is located on an estate. Your conveyancer will report to you on the legal implications.
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Norwood Green. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a Norwood Green conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Norwood Green flat is 6 Jessamine Road in August 2013. The Tribunals valuation (as annexed to the decision) calculated the amount payable as £18,355 for the freehold reversion This case affected 2 flats. The unexpired lease term was 72.39 years.