Me and my partner are about to complete on the purchase of a house in South Tottenham but as a consequence of wreckage from a small fire at the property I have managed to agree compensation from the vendor of £2k taking the form of a reduction in the price. This was going to be addressed as part of a side agreement but Kent Reliance are not allowing this. Why were they notified?
The lawyer being on a Kent Reliance approved list is obliged to inform Kent Reliance of any amendments to the purchase price. If you prohibit your lawyer to notify the reduction to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new lawyer for your conveyancing in South Tottenham.
My husband and I are purchasing a newbuild apartment in South Tottenham with a residential mortgage from TSB.We have a South Tottenham conveyancing lawyer but TSB informed us he's not on their "panel". we are left little option but to use a TSB panel lawyer or retain our preferred solicitor and pay for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that TSB use our lawyer?
No, not really. The loan offered to you contains various provisions, one of which will be that conveyancers must be on the TSB solicitor panel. Until recently, most banks had large numbers of law firms on their panels: a borrower could find one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for TSB
I am buying a house and the conveyancer has raised the issue of Chancel Repair to which the house may be obligated to contribute to given it’s proximity to the area of such a church. She has mentioned insurance. Is this really warranted for conveyancing in South Tottenham
Unless a prior purchase of the property completed after 12 October 2013 you may take it that conveyancing practitioners handling conveyancing in South Tottenham to remain encouraging a chancel search and or chancel repair liability policy.
Are there restrictive covenants that are commonly identified during conveyancing in South Tottenham?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in South Tottenham. 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…’
I've recently found out that there is a flying freehold element on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. South Tottenham is the location of the property. Can you shed any light on this issue?
Flying freeholds in South Tottenham are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South Tottenham you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Tottenham may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
We're FTB’s - agreed a price, yet the estate agent told us that the vendor will only issue a contract if we use their chosen solicitors as they are insisting on an ‘expedited deal’. Our preferred option is to instruct a local solicitor accustomed to conveyancing in South Tottenham
We suspect that the owner is unaware of this demand. If they want ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to use your own,trusted South Tottenham conveyancing firm - rather thanthose that will earn their negotiator at the agency a introducer fee or achieve conveyancing thresholds demanded by head office.