Completed the sale of my flat in Borehamwood last July but our buyer keeps calling me to say her lawyer needs to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your sale your lawyer should send the transfer deeds and all of the paperwork to the buyer’s solicitors. Depending on the transaction, your lawyer should also confirm that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There is unlikely to be post completion tasks peculiar conveyancing in Borehamwood.
I have been told that property searches are the primary reason for hinderance in Borehamwood conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) released conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Borehamwood.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a straight forward, no chain conveyancing. Borehamwood is the location of the property. Can you shed any light on this issue?
Flying freeholds in Borehamwood are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Borehamwood you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Borehamwood 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.
How do I identify a Borehamwood law firm on the The Mortgage Works conveyancing panel? I have wheels and am willing to travel upto 20kilometers to meet the conveyancer.
Feel free to make use of the search on this website. Please select a lender and your location and you will see a number of Borehamwood conveyancing lawyers locally. We have detailed some Borehamwood conveyancing firms towards the end of this page and you can call them to verify if they are on the The Mortgage Works member panel
Expecting to sign contracts shortly on a basement flat in Borehamwood. Conveyancing solicitors have said that they will have a report out to me next week. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Borehamwood should include some of the following:
You should be informed what is to be regarded as a Nuisance as far as the lease is concerned Repair and maintenance of the property Responsibility for maintaining the window frames Responsibility to repair and maintain the block. It is essential that you know who is duty bound to repair and maintenance of all parts of the block and estate What options are available to the landlord where you have violated the provisions of the lease?
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Borehamwood conveyancing firm to assist?
Where there is a absentee landlord or where there is dispute about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to arrive at the price.
An example of a Lease Extension matter before the tribunal for a Borehamwood residence is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case affected 1 flat. The number of years remaining on the existing lease(s) was 71.73 years.
I have read on numerous online forums that before selecting a conveyancing firm they need approved by your mortgage company. I am a FTB but I have an AIP from HSBC and I already have a family conveyancing solicitor in Borehamwood in place. Can Halifax need an approved conveyancer to be instructed? If so, where can I find that list for my conveyancing in Borehamwood?
You should choose a solicitor that is on the Halifax panel. Simply telephone your chosen Borehamwood conveyancing solicitor and ask if they are on the Halifax panel. If they are not approved you have numerous options open to you here:
- Complete the purchase with your preferred Borehamwood solicitor but Halifax will need to use a conveyancer from their conveyancing panel. The net result is additional cost together with likely delay.
- Appoint a fresh property lawyer to conduct the conveyancing, not forgetting to check that they are on the Halifax conveyancing panel.
- Appeal to your conveyancer to apply to join the bank panel.