Do the conveyancing lawyers that you recommend handle right to buy conveyancing in Wood Green?
We do have a variety of conveyancing firms carrying out right to buy transactions Do call us with a view to get a costs calculation.
Can you explain why leasehold purchase conveyancing in Wood Green costs more?
Wood Green leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
We had instructed conveyancing lawyers located in Wood Green on the Nottingham solicitor approved list. They have just invoiced me an additional fee for dealing with the Nottingham mortgage. Is this an additional conveyancing fee specified by Nottingham?
Provided it is contained in their Terms of Engagement or estimate then yes your conveyancer can levy a fee for this. The charge is not set by Nottingham but by your Wood Green solicitor. Plenty of firms on the Nottingham panel will quote an ‘acting for lender’ fee and others do not.
We are getting a further advance on our mortgage from Bank of Ireland as we want to carry out renovations to our house in Wood Green. Do we need to appoint a local Wood Green solicitor on the Bank of Ireland conveyancing panel to handle the paperwork?
Bank of Ireland don't usually appoint a member of their approved list of lawyers to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Bank of Ireland list.
I am currently in the process of buying my council flat in Wood Green. I have a mortgage agreed with Skipton. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I acquired my apartment on 10 January and my personal details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Wood Green expressed confidence that it should be formalised in a couple of weeks. Are properties in Wood Green particularly slow to register?
As far as conveyancing in Wood Green registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can adjust depending on who lodges the application, whether there are errors and whether the Land registry communicate with any other parties. Currently roughly 80% of such applications are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Registration takes place after the purchaser has moved in to the premises therefore an expedited registration is not always an essential issue yet where it is urgent that the the registration takes place urgently then you or your conveyancer must contact the land registry and explain the circumstances.
I am buying a new build house in Wood Green benefiting from help to buy. The developers would not reduce the amount so I negotiated £7000 of extras instead. The property agent suggested that I not disclose to my conveyancer about this deal as it may put at risk my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been on the look out for a leasehold apartment up to £195,000 and identified one close by in Wood Green I like with amenity areas and transport links nearby, the downside is that it's only got 49 years on the lease. There is not much else in Wood Green in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a mortgage the shortness of the lease will likely be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.