When it comes to mortgage companies such as Nottingham, do Tufnell Park conveyancing practitioners incur a yearly amount to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.
The mortgage over my property is with Clydesdale for my property in Tufnell Park. Conveyancing was finalised months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Clydesdale?
You must advise Clydesdale before letting out your property as this is likely to be a breach of Clydesdale’s mortgage conditions. It may be that Clydesdale will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. It should not be necessary to do this via a Clydesdale conveyancing panel lawyer.
The formalities of my remortgage has taken place for my property in Tufnell Park. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. Ordinarily complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
I need some expedited conveyancing in Tufnell Park as I am faced with an ultimatum to exchange contracts in less than 3 weeks. A mortgage is not required. Can I 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 carried out although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in Tufnell Park the following are examples of what can be revealed and therefore affect market value: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
The estate agent has sent us the confirmation of our purchase of a new build flat in Tufnell Park. Conveyancing is daunting 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.
Set out below are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Tufnell Park
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Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please supply a car parking plan. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants.
In my capacity as executor for the estate of my aunt I am disposing of a property in Cardiff but live in Tufnell Park. My conveyancer (who is 200 miles from merequires that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Tufnell Park who can attest and place their company stamp on the document?
strictly speaking you should not need to have the documents attested by a conveyancing solicitor. Normally any notary public or qualified solicitor will be fine regardless of whether they are Tufnell Park based
I've recently bought a leasehold flat in Tufnell Park. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Tufnell Park. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to assess the price.
An example of a Lease Extension decision for a Tufnell Park flat is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case affected 1 flat. The remaining number of years on the lease was 64.77 years.
Is planning consent necessary to split a single dwelling into two flats in Tufnell Park? This has taken place to a house opposite to a relative in Tufnell Park and was ignorant of the conversion until it was complete.
Planning permission is required for converting a single house in Tufnell Park into apartments but possibly not for reverting once again to single dwelling-house so, in answer to your query, yes.