Why would I appoint a South Hackney conveyancing firm given that online conveyancers are less overpriced?
To take your time to find scrutinise conveyancing costs in South Hackney and you should seek an affordable quote but don’t become consumed with hunting for the cheapest South Hackney conveyancer. Appointing the right conveyancer can mark the distinction between a smooth and a distressing house move. You need to ensure that you have expert advice from a trusted conveyancer. An e-mail can never be as helpful as a telephone conversation and are no substitute for a one to one meeting. Our partner firms will find you a qualified and experienced conveyancing solicitor who can deal with your conveyancing from beginning to end, providing a level of personalised service that you rarely receive from an online conveyancer. He or She will inform you on headway making sure that you are ensuring that you are updated at regular intervals. If you ever need to phone the firm you will be sure who you need to speak to and we'll endeavour to make sure that you're not left wondering what's going on.
What does my ID and proof of funds have anything to do with my conveyancing in South Hackney? Why is this being asked of me?
Anti-terror and anti-money-laundering laws require solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with prior to agreeing to accepting their conveyancing instruction. The Client Care letter that you are required to sign should reaffirm this. Your lender will also require certain documents to be checked. Where you are unwilling to hand over ID verification documents, your conveyancer would not be able to accept instructions from you.
We are purchasing a 3 bedroom semi in South Hackney. Our aim is to an extension at the rear at the property.Will the conveyancing process involve investigations to see if these alterations are allowed?
Your solicitor should check the deeds as conveyancing in South Hackney will occasionally reveal restrictions in the title documents which prevent categories of alterations or necessitated the consent of another owner. Many additions call for local authority planning consent and approval in accordance building regulations. Certain areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be prudent to check these things with a surveyor ahead of any purchase.
I am currently in the process of buying my council flat in South Hackney. I have a mortgage offer with Bank of Ireland. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Bank of Ireland, you will need to appoint a solicitor on the Bank of Ireland conveyancing panel.
I have instructed a South Hackney property lawyer having made sure that they are on the Principality conveyancing panel. Does my lawyer arrange the survey of the property?
Principality will need an independent valuation of the property. Your lawyer will not arrange this. Usually Principality will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your solicitor will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your South Hackney postcode. As you are getting a mortgage with Principality, you could contact them to see if they have a list of approved surveyors in South Hackney.
I require fast conveyancing in South Hackney as I am faced with pressure to sign on the dotted line inside one month. Fortunately I do not need a mortgage. Is it possible to decline from having conveyancing searches to save money and time?
As you are not getting a home loan you are at liberty not to have searches conducted although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in South Hackney the following are instances of what can be revealed and adversely affect future saleability: Refused Planning Applications, Overdue Charges, Overdue Grants, Unadopted Roads,...
The estate agent has sent us the confirmation of our purchase of a new build flat in South Hackney. 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in South Hackney
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Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. 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 confirm the Lease plans are surveyor prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I am tempted by the attractive purchase price for a couple of maisonettes in South Hackney both have about fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in South Hackney is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the marketability of the property. The majority of buyers and lenders, leases with under 75 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 property 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 South Hackney conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend 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 the agreed 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 am the proprietor of a first floor flat in South Hackney. 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 South Hackney conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a South Hackney premises is 150 Amhurst Road in December 2013. The tribunal concluded that the premium to be paid by the applicant for the enfranchisement of the subject property was £43,500. This case was in relation to 4 flats. The unexpired term as at the valuation date was 90 (or thereabouts).