We are a couple about to exchange contracts for a ground floor flat in Seven Sisters. We encountered a stumbling block. The loan offer with Bank of Scotland expires on 23/6/2025 but the owners are suggesting a completion date of 25/6/2025. Can one extend the mortgage offer?
The best person to address this question is your solicitors who will hopefully determine whether he or she is better off negotiating with the mortgage broker, seller’s solicitors, estate agents or indeed all parties taking into account the history of your house move as of today.
Are the Seven Sisters conveyancing solicitors identified as being on the Santander conveyancing panel, together with their details provided by Santander?
Seven Sisters conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
What is your number one tip for choosing a conveyancing solicitor in Seven Sisters
Do not opt for the cheapest Seven Sisters conveyancing quote. You really do get what you’re paying for when it comes to property lawyers. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in advance.
We had chosen conveyancing lawyers located in Seven Sisters on the Kent Reliance solicitor approved list. They are now charging me a further fee for the legal aspects of the Kent Reliance mortgage. Is this an additional conveyancing fee set by Kent Reliance?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your solicitor may levy a fee for this. This fee is not set by Kent Reliance but by your Seven Sisters conveyancing practitioner. Plenty of firms on the Kent Reliance panel will levy ’dealing with mortgage’ fee but plenty of firms include it on their overall fee.
My offer was accepted on a house in Seven Sisters on 6/3/2025, valuation was booked five days after, received a clean bill of health. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Leeds Building Society and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Leeds Building Society conveyancing panel. Can the lender hold off the offer?
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Leeds Building Society to deal with your lawyer's application to be on the Leeds Building Society conveyancing panel. There's no guarantee that your solicitor will be accepted.
My company is looking to lease a unit on a shopping parade. Can you recommend solicitors offering fixed fees for non-domestic conveyancing in Seven Sisters for less than 2k?
We are happy to recommend firms who host a wealth of experience of commercial conveyancing in Seven Sisters, including the disposal and acquisition of businesses as well as simply premises. Whether you are intending to purchase or lease a shop, pub, restaurant, office, retail premises or a complete business we will find you the right solicitor. As for the costs these will vary based on the structure and nuances of the proposed transaction. Let us have your details or phone us so that we may furnish you with a detailed commercial conveyancing quote.
My husband and I are novice buyers - had an offer accepted, yet the property agent told us that the owners will only proceed if we instruct the agent's chosen conveyancers as they want an ‘expedited deal’. Our preferred option is to instruct a high street solicitor who is accustomed to conveyancing in Seven Sisters
It is unlikely the vendors are driving this. If they want ‘a quick sale', turning down a genuine purchaser is counter productive. Avoid the agents and go straight to the sellers and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are chain free (d) you intend to proceed fast (e)however you intend to appoint your own,trusted Seven Sisters conveyancing solicitors - not the ones that will provide the estate agent a referral fee or hit his conveyancing figures set by senior management.
I am looking at a couple of maisonettes in Seven Sisters both have in the region of fifty years left on the leases. Will this present a problem?
There are no two ways about it. A leasehold apartment in Seven Sisters is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the marketability of the property. For most purchasers and lenders, leases with under eighty years become less and less marketable. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Seven Sisters conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Seven Sisters conveyancing firm to represent me?
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 flat 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 affected 2 flats. The unexpired term was 74.13 years.