The Seven Sisters conveyancing solicitors that I appointed last week on my purchase in Seven Sisters have without warning closed. I only went with them because I needed a lawyer on the Co-operative conveyancing panel and my family Seven Sisters lawyer was not. I cut them a cheque for £250 in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know immediately so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Co-operative conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to help.
Do I need to pay for insurance to address the risk of chancel repairs when acquiring a house in Seven Sisters?
Unless a prior purchase of the house took place after 12 October 2013 you could expect solicitors conducting conveyancing in Seven Sisters to remain encouraging a chancel search and or insurance against a claim.
I used Arc property Solicitors a few years past for my conveyancing in Seven Sisters. I now require my papers but the law firm has closed. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Seven Sisters of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Seven Sisters is where the house is located. Can you shed any light on this issue?
Flying freeholds in Seven Sisters are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Seven Sisters you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Seven Sisters may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I'm converting the mortgage on my existing home to a BTL loan with Britannia and I will use the rest of the raised equity towards a second property. The location we are talking about is Seven Sisters. Will your lawyers be able to act for both sets of banks and tie in the conveyances?
Do use our search tool on this page to ensure that the lawyers are approved by both lenders. On the basis that they are the solicitor should be able to tie up the two conveyancing matters but you should talk with you conveyancer and communicate your expectations and needs.
I only have Seventy years remaining on my flat in Seven Sisters. I am keen to extend my lease but my landlord is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. However, you will be required to prove that you or your lawyers have used your best endeavours to locate the freeholder. For most situations an enquiry agent should be helpful to try and locate and to produce an expert document which can be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a property lawyer both on proving the landlord’s disappearance and the application to the County Court overseeing Seven Sisters.
I own a a ground floor purpose built flat in Seven Sisters. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount payable for a lease extension?
You certainly can. We are happy to put you in touch with a Seven Sisters conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Seven Sisters property is 22 Wakefield Road in January 2012. Following a vesting order Clerkenwell and Shoreditch County Court under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993 on 9th May 2011 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £17,400 This case was in relation to 2 flats. The unexpired term as at the valuation date was 74.13 years.