I am need of leasehold conveyancing for a flat in a fairly new development (seven years built) in Tottenham. 95% of the properties are already sold. Do I need carry out the neighbourhood searches as part of conveyancing in Tottenham?
If you are acquiring a property with the assistance of a loan, your bank will insist on some (many) of the searches so you'll have no choice. If not, then Tottenham conveyancing searches are optional. Your solicitor, will ’encourage’, perhaps strongly, that you should have the searches done, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you insist that your lawyer to proceed without searches then your lawyer will have to follow your instructions or ask you to appoint a different lawyer for your conveyancing in Tottenham.
It is is a decade since I acquired my property in Tottenham. Conveyancing solicitors have just been appointed on the sale but I can't locate my title documents. Will this cause complications?
Don’t worry too much. First there is a chance that the deeds will be with your mortgage company or they may be in the possession of the lawyers who acted in the purchase. Secondly in all probability the title will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Nearly all conveyancing in Tottenham involves registered property but in the rare situation where your property is unregistered it is more of a problem but is not insurmountable.
I'm the only recipient of my late mum's will with all property in now in my sole name, including the house in Tottenham. Conveyancing formalities meant that the Land Registry date was in February. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my proprietorship will be treated the same way as if I'd bought the house in February. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be caught by that. many mortgage companies would take a practical view as this provision is primarily there to capture subsales or the wholesaling and assigning of property.
I am due to exchange contracts on my apartment. I had a double glazing fitted in February 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Barclays are being pedantic. The Tottenham solicitor who is on the Barclays conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Barclays are insisting on a building regulation certificate. Why do Barclays have a conveyancing panel if they don't accept advice from them?
It is probably the case that Barclays have referred the matter to their valuer. The reason why Barclays may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
I was told two weeks ago that my mortgage has been agreed to by Yorkshire BS. Is it usual for Yorkshire BS to only issue the offer once my solicitor in Tottenham is approved on their conveyancing panel? Yorkshire BS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Yorkshire BS to deal with your lawyer's application to be on the Yorkshire BS conveyancing panel. There's no guarantee that your solicitor will be accepted.
I am downsizing from our house in Tottenham and according to the buyers it appears that there is a risk of it being constructed on contaminated land. A high street Tottenham conveyancer would know that there is no such problem. For the life of me I don't know why the buyers used an internet conveyancing practice as opposed to a conveyancing solicitor in Tottenham. We have lived in Tottenham for 4 years we know of no issue. Do we get in touch with our local Authority to get clarification that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
I have recentlydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Tottenham for a purchase of a freehold house 9 months ago. How can I check that the property is not still registered in the name of the former proprietor?
The quickest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Tottenham conveyancing specialists.
I am looking for a ground for flat up to £235,500 and found one round the corner in Tottenham I like with a park and station nearby, however it's only got 49 remaining years left on the lease. I can't really find anything else in Tottenham in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan that many years may be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.