We previously selected conveyancing lawyers locally in Tufnell Park on the RBS solicitor panel. They have just invoiced me a further fee for the legal aspects of the RBS mortgage. Is this a supplemental conveyancing fee set by RBS?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your solicitor is entitled to charge a fee for this. This charge is not dictated by RBS but by your Tufnell Park property lawyer. Numerous firms on the RBS panel will charge an ‘acting for lender’ fee but many firms incorporate it on their overall fee.
Two weeks ago we had a mortgage agreed in principle with Barclays. Tufnell Park conveyancing solicitors are chosen. How long does it take for Barclays to send the offer to the solicitor?
Some lenders take longer than others. Have Barclays conducted the valuation? Have you informed Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am purchasing a property in Tufnell Park. A rare aspect is that the roof has a solar panel. Clydesdale have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Clydesdale your lawyer must comply with the conveyancing instructions outlined in Section 2 of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook sets out minimum conditions for solar panel roof-space leases, and property lawyers are required to report to Clydesdale where a lease fails to comply with these requirements. The provisions relate to the installation of panels on properties countrywide and is not restricted to Tufnell Park.
Are there restrictive covenants that are commonly identified during conveyancing in Tufnell Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Tufnell Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the input of my in-laws I had a survey completed on a property in Tufnell Park in advance of retaining lawyers. I have been informed that there is a flying freehold element to the property. The surveyor advised that some lenders tend not grant a loan on a flying freehold home.
It varies from the lender to lender. Santander has different requirements from Nationwide. If you contact us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Tufnell Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Tufnell Park to see if the conveyancing costs will increase in light of this.
I am downsizing from my house. My previous solicitors closed down. I would be grateful for any recommendation of a conveyancing firm. Im based in Tufnell Park if that makes things easier.
Do use our search tool to help you choose a solicitor for your conveyancing in Tufnell Park. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
My husband and I are four weeks into a freehold purchase having been recommend to conveyancers by the selling agent to handle our conveyancing in Tufnell Park. We are not happy. Can you you assist me in finding new solicitors?
A solicitor would need to be really bad to suggest replacing them. Has the loan offer been issued? In the event that it has you must make them aware of the new contact details and get the offer are re-issued. The conveyancer needs to be on the lenders approved list to avoid added charges and complications. So that should be your first question of the new lawyers. Our search tool should assist you in finding a lender approved lawyer for your conveyancing in Tufnell Park
Do you have any advice for leasehold conveyancing in Tufnell Park with the aim of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Tufnell Park can be avoided where you get in touch lawyers as soon as you market your property and ask them to collate the leasehold information needed by the purchasers’ lawyers. Many landlords or Management Companies in Tufnell Park levy fees for providing management packs for a leasehold home. You or your lawyers should find out the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual reason for frustration in leasehold conveyancing in Tufnell Park. You may think that you are aware of the number of years remaining on your lease but it would be wise to double-check by asking your conveyancers. A purchaser's lawyer will not be happy to advise their client to to exchange contracts if the lease term is below 80 years. In the circumstances it is essential at an as soon as possible that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. If there is a history of conflict with your freeholder or managing agents it is very important that these are resolved prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a property where a dispute is ongoing. You may need to swallow your pride and pay any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the buyers, but it is better to present the dispute as over rather than unresolved.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Tufnell Park conveyancing firm to help?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to judgment on the sum to be paid.
An example of a Lease Extension decision for a Tufnell Park premises 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 related to 1 flat. The unexpired residue of the current lease was 64.77 years.