As someone unfamiliar with conveyancing in Temple Fortune what is your top tip you can impart for the legal transfer of property in Temple Fortune
You may not hear this from too many lawyers but conveyancing in Temple Fortune and elsewhere in North London is an adversarial experience. Put another way, when it comes to conveyancing there exists plenty of room for confrontation between you and others involved in the transaction. For instance, the seller, estate agent and sometimes a lender. Choosing a lawyer for your conveyancing in Temple Fortune is a critical decision as your conveyancer is your adviser, and is the ONE party in the transaction whose responsibility is to protect your best interests and to protect you.
We are witnessing a worrying increase of a "blame" culture- someone must be at fault for the process being so protracted. We recommend that you must always trust your lawyer ahead of the other parties when it comes to the legal assignment of property.
Should our conveyancer be raising enquiries concerning flooding as part of the conveyancing in Temple Fortune.
The risk of flooding is if increasing concern for conveyancers dealing with homes in Temple Fortune. Plenty of people will purchase a house in Temple Fortune, completely aware that at some time, it may be flooded. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, however there are a numerous checks that can be carried out by the buyer or by their conveyancers which will figure out the risks in Temple Fortune. The standard information supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a usual inquiry of the owner to discover if the premises has suffered from flooding. In the event that the premises has been flooded in past and is not disclosed by the seller, then a purchaser may bring a claim for damages stemming from an misleading reply. A buyer’s conveyancers may also commission an environmental report. This should reveal whether there is a recorded flood risk. If so, more detailed investigations should be conducted.
How does conveyancing in Temple Fortune differ for newly converted properties?
Most buyers of new build property in Temple Fortune contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is built. This is because builders in Temple Fortune usually buy the site, 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 Temple Fortune or who has acted in the same development.
I'm remortgaging my current property to a buy to let loan with Chelsea Building Society and intend to use the remaining equity as a down payment on a second house. The area we are talking about is Temple Fortune. Will your lawyers be able to act for the two lenders and tie in the conveyances?
Make use of our comparison tool on this page to check that the lawyers are on the appropriate lender panels. Assuming that they are the solicitor will be able to connect the two deals but you should talk with you solicitor and specify your expectations and requirements.
Expecting to complete next month on a studio apartment in Temple Fortune. Conveyancing lawyers inform me that they are sending me a report next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Temple Fortune should include some of the following:
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You should have a good understanding of the insurance obligations Repair and maintenance of the flat The physical extent of the premises. This might be the flat itself but might include a attic or storage are if applicable. What the implications are if you are in breach of your lease terms? How long the lease is. You should be advised as what happens when the lease ends, and aware of the importance of not letting the lease term falling below eighty years
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can a leaseholder make an application to the Leasehold Valuation Tribunal? Can you recommend a Temple Fortune conveyancing firm to assist?
You certainly can. We are happy to put you in touch with a Temple Fortune conveyancing firm who can help.
An example of a Lease Extension decision for a Temple Fortune flat is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case affected 1 flat. The unexpired lease term was 76 years.
We today become aware that one of the directors of the solicitors handling the purchase conveyancing in Temple Fortune is an uncle of the owners that we are purchasing from. Is this allowed?
On the basis that there is no conflict of interest this is allowable. If you are requiring mortgage finance then the bank may have a say as many lenders have specific instructions concerning this. For example for Leeds Building Society as of 20/12/2025, the requirements read as follows :
• a different person deals with the conveyance (i.e. not the borrower or a member of the borrower's immediate family);
• there is no conflict of interest and none arises during the transaction; and
• the Law Society guidelines are followed.