I have given 8 weeks notice to my existing landlord and must leave my rented property in Norwood Green by the end of next month. Conveyancing for my house purchase is progressing. Is it possible to complete in six weeks as don't want to have to move into short term accommodation?
The normal practice is not to give notice for your letting unless your lawyer suggests that you should. If you have not previously done so, speak to your conveyancer and ask them to they chase the other lawyers, try to get a realistic time scale from them that everyone will aim towards
We're in Norwood Green, First timers buying with a mortgage (lender is Virgin Money , and our solicitor is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What is the difference between a licensed conveyancer and conveyancing solicitor in Norwood Green
There are many registered licenced Conveyancers in Norwood Green and Solicitor partnerships in Norwood Green offering conveyancing We would stress that both are regulated professionals specialising in the legal aspects of transferring property. The two can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
I am due to move home in November. Will my conveyancing solicitor communicate with the removal company on the day of completion. As an aside, can you suggest a removal company in Norwood Green. Conveyancing firm was organised prior to coming across this site.
On the day of completion you will need to pick up the keys from the estate agent but this can only happen when the vendors conveyancers inform the agent that the monies to complete are in and the keys can be collected. You will need to tell the removal men that they can start moving you in. As a matter of policy we do not suggest a specific removal organisation but can assist you in choosing a residential property solicitor in Norwood Green or a lawyer that specialises in conveyancing in Norwood Green.
I had a mortgage agreed in principle with UBS. Norwood Green conveyancing practitioners were chosen. How long does it take for UBS to forward the offer to the conveyancing practitioner?
Some lenders take longer than others. Have UBS done the valuation? Have you informed UBS as to your lawyers' details and checked that your lawyers are on the UBS conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
How does conveyancing in Norwood Green differ for new build properties?
Most buyers of new build residence in Norwood Green contact us having been asked by the seller to exchange contracts and commit to the purchase even before the property is ready to move into. This is because builders in Norwood Green usually purchase the real estate, 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 Norwood Green 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 Norwood Green in advance of retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some lenders will not give a mortgage on such a premises.
It varies from the lender to lender. Bank of Scotland has different instructions from Nationwide. Should you wish to telephone us we can investigate further via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Norwood Green. Conveyancing may be slightly more expensive based on your lender's requirements.
I've found a house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since found out that the title is leasehold as opposed to freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Norwood Green. Conveyancing advisers have not yet been 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 conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Norwood Green so you should seriously consider looking for a Norwood Green conveyancing practitioner and be sure that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the landlord’spermission to carry out changes to the property. You may also be required to pay a service charge towards the maintenance of the estate where the property is located on an estate. Your lawyer will appraise you on the various issues.
I am the leaseholder of a ground-floor 1950’s flat in Norwood Green. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Where there is a absentee landlord or where there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to judgment on the sum to be paid.
An example of a Freehold Enfranchisement case 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 term was 72.39 years.