My family solicitor has given a fee calculation of £1350 for leasehold conveyancing in Seven Sisters. I am selling a Victorian property for £275,000. Is this too much? Is it above what I should be paying for conveyancing in Seven Sisters?
The quote is slightly on the steep side. If you shop around you could reduce the fees slightly by say £100 plus VAT. That being said, you maycome to regret choosing an a cheaper conveyancer. If is important to check that the firm can also act for your bank. Do employ our search tool to choose a Seven Sisters conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Seven Sisters.
I am the single beneficiary of my late grandmother’s will with all property in now in my sole name, including the house in Seven Sisters. The Seven Sisters property was put into my name in February. I now wish to sell up. I understand that there is a CML six month 'rule', which means that my property ownership will be regarded the same way as though I had purchased the property in February. Do I have to wait 6 months to sell?
The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you may be caught by that. How sensible a view lenders take of it, depend on the bank as this provision is principally there to pick up on the purchase and immediately sell or the wholesaling and assigning of property.
Completion of my remortgage has taken place for my property in Seven Sisters. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. Who do I contact should I wish to lodge a complaint?
All banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
Our offer on a semi in Seven Sisters has been agreed to, but there is a chain. The owners have offered on a property, however it’s not yet agreed to, and are looking at other properties booked. I have chosen a local conveyancing solicitor in Seven Sisters. What do I do now? When do I get the mortgage application with TSB started?
It is understandable to have anxieties where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of £1k, then survey, Seven Sisters conveyancing search costs, etc). The first course of action is to ensure that your solicitor is on the TSB conveyancing panel. As to the subsequent steps this very much dictated by the uniqueness of your transaction, attraction to this property and on the state of the market. During a rising market some purchasers would apply for a home loan with TSB and arrange for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to proceed with the conveyancing in Seven Sisters.
Just acquired a detached house in Seven Sisters , how long should it take for the Land Registry to register my proprietorship? My Seven Sisters conveyancing solicitor works at snail pace, so I want to check that my purchase is registered.
As far as conveyancing in Seven Sisters is concerned, registration is no quicker or slower than anywhere else in England and Wales. As opposed to being determined by geographic area, timescales can differ depending on who lodges the application, whether there are errors and if the Land registry communicate with any 3rd parties. At present in the region of three quarters of submission are fully dealt with within 12 days but some can be subject to longer delays. Registration is effected once the buyer has moved in to the premises therefore 'speed' is not usually top priority yet where it is urgent that the the registration takes place urgently then you or your solicitor must speak with the land registry and explain the circumstances.
I have been on the look out for a flat up to £245,000 and found one round the corner in Seven Sisters I like with a park and transport links nearby, the downside is that it only has 51 years on the lease. I can't really find anything else in Seven Sisters suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
How difficult is it to swap solicitor as I need to select one who is on the National Westminster Bank conveyancing panel. I was using a local conveyancing solicitor in Seven Sisters round the corner but she is not accepted by National Westminster Bank
We will our best to assist in finding you a conveyancing solicitor in Seven Sisters on the National Westminster Bank panel. Please note that the conveyancers that we on the directory do not pay us commission if you instruct them and are authorised and regulated by the SRA who regulate all conveyancing solicitors in Seven Sisters. In making use of the find a conveyancing solicitor tool on this website, you can compare and instruct different solicitors and conveyancers both nationally and in Seven Sisters.
What is the reason for my conveyancer requiring a list of items of ID ahead of starting selling or buying a property in Seven Sisters?
Seven Sisters property lawyers are obliged by the Law Society, Solicitors Regulation Authority, the Land Registry and current AML legislation to certify that the have verified the identity of their clients. It will also be a requirement of your lender where you are taking a mortgage. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have information such as your full names, national insurance number and date of birth.