I used Arc property Solicitors a few years past for my conveyancing in Barbican. Now, I need my files but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Barbican of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Barbican differ for new build properties?
Most buyers of new build or newly converted property in Barbican contact us having been asked by the builder to sign contracts and commit to the purchase even before the residence is built. This is because house builders in Barbican typically purchase 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 Barbican or who has acted in the same development.
Due to the input of my in-laws I had a survey completed on a house in Barbican before instructing conveyancers. I have been told that there is a flying freehold element to the property. The surveyor has said that some mortgage companies tend not grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions for example to Nationwide. If you e-mail us we can look into this further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Barbican. Conveyancing will be smoother if you use a solicitor in Barbican especially if they are familiar with such properties in Barbican.
I am looking to sell my property. My former solicitors closed down. It would be helpful to have a recommendation of a conveyancing firm. Im based in Barbican if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Barbican. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
I am a negotiator for a long established estate agency in Barbican where we have witnessed a number of leasehold sales derailed due to short leases. I have received conflicting advice from local Barbican conveyancing solicitors. Can you shed some light as to whether the owner of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
After years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Barbican. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We are happy to put you in touch with a Barbican conveyancing firm who can help.
An example of a Lease Extension decision for a Barbican flat is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The remaining number of years on the lease was 72.39 years.
Me and my wife have recently had a bid accepted on our first home in Barbican, and need to get solicitors instructed. We have utilised the various comparison tools and the results are from all over the country. Is it important to have a Barbican property lawyer local to the prospective property? I am fine to do everything electronically, but I am thinking at some point we may be required to physically go into the lawyer's office to sign papers?
Usually there is no requirement to physically visit the office of your property lawyer, they can post any relevant contracts to you, which you can sign and send back. Many buyers and sellers choose to instruct a locally based solicitor, but it's by no means essential for conveyancing in Barbican.