Do the conveyancing lawyers identified via your search tool carry out auction conveyancing in Hainault?
We know of a number of auction practitioners we can connect you with those conducting auction conveyancing. Hainault is one of our locations in which our lawyers are based.
My brother-in-law has suggested I instruct a conveyancing solicitor in Hainault. I need to find out if they are on the Aldermore approved list of lawyers. Can you assist?
The first thing to do is contact your conveyancer and ask them if they are on the lender panel. Alternatively please get in touch with Aldermore who may be able to help.
A friend advised me that in purchasing a property in Hainault there could be various restrictions prohibiting external alterations to a property. Is this right?
There are a number of properties in Hainault which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Hainault should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have decided to exercise my right to buy my property in Hainault off the council. I have a mortgage offer with Nationwide. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Nationwide, you will need to appoint a solicitor on the Nationwide conveyancing panel.
After months of negotiation I have agreed a price on an apartment in Hainault. My mortgage broker recommended their conveyancers. I paid an on account payment of £175. Not long after, the conveyancer called me sheepishly admitting that they were not on the HSBC conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the HSBC panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Due to the encouragement of my in-laws I had a survey completed on a property in Hainault in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor has said that some mortgage companies may refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can check with the relevant lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hainault. Conveyancing will be smoother if you use a solicitor in Hainault especially if they are acquainted with such properties in Hainault.
In scouring the web for the term on line conveyancing in Hainault it brings up many conveyancersin the area. With so much choice what is the best way to find the right conveyancing solicitor for purchase transaction?
The ideal way of finding a suitable conveyancer is through a personal recommendation, so ask colleagues and family who have purchased a property in Hainault or the reputable estate agent or financial adviser. Fees for conveyancing in Hainault vary, so it's sensible to obtain a minimum of four costs illustrations from different conveyancers. Make sure that you know that the fees are fixed.
I am tempted by the attractive purchase price for a couple of apartments in Hainault both have in the region of forty five years unexpired on the leases. Will this present a problem?
There is no doubt about it. A leasehold apartment in Hainault is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it reduces the marketability of the premises. For most buyers and banks, leases with under 75 years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Hainault conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I have given up trying to purchase the freehold in Hainault. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a Hainault conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Hainault residence is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case related to 2 flats. The unexpired term was 69.26 years.