I am buying a house without a mortgage in Tower Hill. I have lived for the previous 15 years in Tower Hill. Conveyancing searches are a lot of money. As I know the road and vicinity very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a home loan, then all but one or two of the Tower Hill conveyancing searches are optional. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches completed, but he has a professional duty to do this. One thing to consider; if you are intend to dispose of the house one day, it will be of importance to your future purchaser what the searches disclose. There are plenty of instances where houses with no practical issues can still show up unpredicted search results. A competent conveyancing solicitor in Tower Hill should provide you some helpful guidance in this regard.
Completed the sale of my flat in Tower Hill last September but the buyer keeps e-mailing daily complaining that his solicitor is waiting to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
After completion of your house sale your conveyancer should send the transfer documentation and all supplemental paperwork to the purchaser's lawyers. If applicable, your lawyer must also evidence that the mortgage has been repaid to the purchasers lawyers. There is unlikely to be post completion procedures unique to conveyancing in Tower Hill.
We're in Tower Hill, First timers purchasing with a mortgage (lender is Barclays , and our solicitor is on the Barclays conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barclays conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I opted to have a survey completed on a house in Tower Hill ahead of appointing lawyers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies may refuse to give a mortgage on such a house.
It depends who your proposed lender is. Santander has different requirements from Nationwide. Should you wish to telephone us we can investigate further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Tower Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tower Hill to see if the conveyancing costs will increase in light of this.
My husband and I are 18 days into a freehold purchase having been recommend to conveyancers by the local agent to do our conveyancing in Tower Hill. We are not happy. Could you help me find new conveyancers?
They would need to be very poor to suggest replacing them. Has the mortgage been generated? In the event that it has you must advise them of the new lawyer and ensure the loan are re-sent. Your solicitor ideally should be on the mortgage company panel to avoid escalating fees and complications. That should be your starting point. The search tool should help you find a lender approved solicitor for your home move in Tower Hill
Having had my offer accepted I require leasehold conveyancing in Tower Hill. Before I get started I would like to find out the remaining lease term.
If the lease is recorded at the land registry - and almost all are in Tower Hill - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Despite our best efforts, we have been unsuccessful in trying to reach an agreement for a lease extension in Tower Hill. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee landlord or if there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to arrive at the amount due.
An example of a Freehold Enfranchisement matter before the tribunal for a Tower Hill premises is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired residue of the current lease was 107 years.