We were just about to sign contracts for a property in Tufnell Park. We encountered a problem. Our mortgage offer with Chelsea Building Society runs out on 10/2/2025 but the sellers are insisting on a completion date of 12/2/2025. Is it possible to extend the mortgage offer?
The best person to address this concern is your lawyer who should assess if he or she is better off negotiating with the lender, vendor’s representatives, property agents or possibly all parties given the circumstances your transaction as of today.
I am intent on selling our property in Tufnell Park and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Tufnell Park lawyer would know this is not the case. For the life of me I don't know why the buyers instructed an online conveyancing outfit as opposed to a conveyancing solicitor in Tufnell Park. Having lived in Tufnell Park for three years we know of no issue. Is it a good idea to get in touch with our local Authority to get confirmation need.
It would appear that you have a conveyancing solicitor currently acting for you. What do they say? You should check with 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)
3 months have elapsed since my purchase conveyancing in Tufnell Park completed. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Tufnell Park differ for new build properties?
Most buyers of new build property in Tufnell Park contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is finished. This is because developers in Tufnell Park typically buy the land, 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 conveyancing solicitors 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 used to new build conveyancing in Tufnell Park or who has acted in the same development.
Having had my offer accepted I require leasehold conveyancing in Tufnell Park. Before I set the wheels in motion I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Tufnell Park - 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.
I have given up seeking a lease extension in Tufnell Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a missing landlord or where there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to arrive at the amount due.
An example of a Lease Extension case for a Tufnell Park property 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 unexpired lease term was 64.77 years.
My aim is to acquire a ground floor flat in Tufnell Park. Conveyancing solicitor is waiting for, from the owner, building insurance documents. This morning I was advised that the seller needs to send the insurance documents for the flat above also. Why would my conveyancer need to check the insurance for the flat above? Is it strictly required? We have been waiting for the previous fortnight…
It is not unheard of in leasehold conveyancing in Tufnell Park to discover Conveyancing in Tufnell Park in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats rather than the landlord insuring the complete block - which is clearly preferable. Do double check with your solicitor but it would seem that your conveyancing practitioner is seeking to verify that the complete building is insured. Insuring a ground floor flat is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt due to lack of insurance.