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Conveyancing in Burnt Oak : Keep it Local

Main reasons to let us help you select a local conveyancing solicitor in Burnt Oak

  • 1 The accumulation of transactions means that Burnt Oak solicitor have established valuable working relationships with Burnt Oak local estate agents, banks, building societies, landlords and house builders enabling them to liaise at speed with all parties involved in the process of dealing with your conveyancing in Burnt Oak.
  • 2 Burnt Oak property lawyers are likely to be familiar with the local Land Registry Office, Local Authority and selling agents
  • 3 The Burnt Oak conveyancing firms that are listed are dedicated to providing the most cost, efficient and accessible conveyancing service to borrowers, sellers and investors in Burnt Oak
  • 4 Peace of mind comes when you select the very best, most recommended conveyancing solicitors. Burnt Oak has a number to pick from, but for a truly professional and reliable service many local people have been use the recommendation of this site.
  • 5 Our site is the first site offering you the ability to ensure that your conveyancing in Burnt Oak will be carried out by a law firm on your bank member panel.

Examples of recent conveyancing in Burnt Oak since October 2020*

Recently asked questions about conveyancing in Burnt Oak

I do hope you can help me. My Burnt Oak conveyancer is advising me that he is legally obliged toorder Burnt Oak conveyancing searches becausethe firm are on the Santanderapproved lawyer panel. Is my conveyancer right?

You have limited options available to you. Given that you are taking out a loan with a bank your lawyer has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancer would have previously signed the Terms and Conditions of your lender’s conveyancing panel appointment which obliges them to comply with the CML Handbook provisions . Even if you were a cash buyer you would be ill advised not to carry out Burnt Oak conveyancing searches.

About to place a bid on a leasehold apartment in Burnt Oak. The property agents advise that it is usual for flats in Burnt Oak to have less than 75 years unexpired on the lease. I am expecting a loan with Nationwide Building Society. Will the property be mortgageable given that the lease has Seventy One years unexpired.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Nationwide Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 21/1/2021 the requirements read as follows :

- Our minimum unexpired lease term is 55 years.
- There must be at least 30 years remaining at the end of the mortgage term (regardless of the length of lease at the start).

Where the unexpired lease term is different to that recorded on the mortgage offer, the following clarifies if we need to be informed:

Second hand property:
- If the unexpired lease term on the offer is 85 years or more - only advise us if the actual lease term is less than 85 years
- if the unexpired lease term on the offer is less than 85 years – advise us if the actual lease term is different than reported
- For equity share applications - advise us if the actual lease term is different than reported on the offer

New build property:
- If the unexpired lease term stated on the offer is 125 years (flat) / 250 years (house) or more - only advise us if the actual lease term is less than 125 years (flat) / 250 years (house)
- For equity share applications - always advise us if the actual lease term is different than reported on the offer

Lease terms such as ground rent and event fees must be reasonable at all times during the term of the lease and adhere to our requirements below. If you’re unsure as to whether the terms of a lease are unreasonable or onerous, please refer the details to us in plain English for Valuer consideration. If the potentially onerous terms are in relation to the ground rent please include the current ground rent figure per annum, how often it will be reviewed and the price structure it will be reviewed against. See the guidance below.

SECOND HAND PROPERTIES

Unacceptable - advise Issuing Office (Will be declined):
- Unexpired lease term less than 55 years
- Less than 30 years remaining at the end of the mortgage term
- Ground Rent greater than 0.5% of the property value
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI
- Ground Rent review period is less than or equal to 5 years

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Unexpired lease term is 55 to 85 years
- Ground Rent greater than 0.1% and less than or equal to 0.5% of the property value
- Ground Rent escalation is linked to any indices greater than RPI
- Ground Rent escalation is linked to the value of the building*
- Ground Rent review period is greater than 5 and less than 10 years
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial, etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything that appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than 85 years
- Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than or equal to 10 years
- Ground Rent escalation less than or equal to RPI

NEW BUILD PROPERTIES (includes office conversions)

Unacceptable - advise Issuing Office (Will be declined)
- Unexpired lease term less than 125 years on a new build flat or less than 250 years on a new build house (does not apply to Shared Ownership)
- Starting Ground Rent greater than 0.1% of the property value
- Ground Rent review period less than or equal to every 5 years
- Ground Rent doubles less than every 20 years (e.g. doubles every 5, 10 or 15 years) - acceptable if doubles every 20 years or more
- Ground Rent is compounded RPI

Refer to Issuing Office (Valuer will consider any impact on valuation figure and marketability):
- Ground Rent is linked to any indices greater than RPI
- Ground Rent is linked to the value of the building*
- Event clauses exist for normal use e.g. changing the carpet, installing a TV aerial etc
- Estate Rent Charges greater than £500 p/a (please provide details of what the charges cover)
- Service Charges greater than 0.5% of property value p/a (please provide details of what the charges cover)
- Anything else appears onerous, unusual or out of the ordinary

Acceptable (no requirement to advise Issuing Office):
- Unexpired lease term greater than or equal to 125 years on a new build flat or greater than or equal to 250 years on a new build house
- Starting Ground Rent less than or equal to 0.1% of the property value
- Ground Rent review period greater than 5 years
- Ground Rent escalation less than or equal to RPI

* Where the Ground Rent escalation is linked to the value of the building, please provide the following:
- How is the value of the block/unit currently calculated and if the assessment relates to the block(s), how is the Ground Rent calculated/apportioned per property?
- The current valuation and Ground Rent for each unit
- What is the mechanism for future valuations of the block and how is the Ground Rent calculated/apportioned?
- What is the right of appeal? And is this a documented process within the lease?
- Who bears the cost of the valuation (and appeal) process?
- Confirmation the review period is not less than twenty years.

The deeds to our house are lost. The lawyers who did the conveyancing in Burnt Oak 4 years ago have long since closed. What do I do?

In today’s world there are duplicates made of almost everything, and your conveyancer will be aware exactly where to locate all the appropriate paperwork so you may purchase or sell your property without a hitch. Where copies can’t be found, your conveyancer can arrange cover in the form of insurance or indemnities protecting you against future claims on the property.

How does conveyancing in Burnt Oak differ for newly converted properties?

Most buyers of new build residence in Burnt Oak contact us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is built. This is because builders in Burnt Oak tend to acquire the real estate, 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 accustomed to new build conveyancing in Burnt Oak or who has acted in the same development.

Is it best to appoint a Burnt Oak conveyancing practitioner based in the location that I am purchasing? An old friend can deal with the conveyancing but his firm is located a couple of hundredmiles away.

The primary upside of using a local Burnt Oak conveyancing practice is that you can attend the office to sign paperwork, present your identification documents and pester them where appropriate. Having local Burnt Oak know how is a plus. However it's more important to get someone that will do a good and efficient job. If if people you trust used your friend and the majority were content that must trump using an unknown Burnt Oak conveyancing lawyer solely due to them being based in the area.

Last July I purchased a leasehold property in Burnt Oak. Am I liable to pay service charges relating to a period prior to my ownership?

Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

I am the registered owner of a second floor flat in Burnt Oak. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?

in cases where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to determine the premium.

An example of a Lease Extension case for a Burnt Oak flat is 20 Orchard Court Stonegrove in June 2009. The tribunal decided that a premium of £11,040 should be payable for the new lease This case related to 1 flat. The number of years remaining on the existing lease(s) was 71.55 years.

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Residential Landlord and Tenant Conveyancing solicitors in Burnt Oak

The firms listed below are a non-comprehensive list of solicitors in Burnt Oak practicing in landlord and tenant law and on the regulations governing different types of tenancies. This should include advice on service charge disputes and the right to manage

  • Landlord Action Limited, Concorde House, Grenville Place, London, NW7 3SA
  • Saul Marine & Co Solicitors, Churchill House, 120 Bunns Lane, Mill Hill, London, Greater London, NW7 2AS
  • Cadem Hope Limited, 4a The Broadway, Mill Hill, London, NW7 3LL
  • Carpenters Rose, 26 The Broadway, Mill Hill, London, NW7 3NL
  • Waller Pollins Limited, Berkeley House, 18-24 High Street, Edgware, Middlesex, HA8 7RP

Residential Licensed Conveyancers in Burnt Oak regulated by the Council of Licensed Conveyancers

Please be aware that the listed conveyancers do not limit their work for conveyancing in Burnt Oak but also conveyancing across England and Wales.
  • Home 2 Home Property Lawyers Limited, 32 Millais Gardens, HA8 5SY
  • House Owners Conveyancers Limited, Dephina House, N3 2JU
  • House Owners Conveyancers Limited, 56 Windermere Avenue, N3 3RA
  • Horizon Law Limited, 214 High Street, EN5 5SZ
  • Quality Conveyancing Ltd, Westgate House, W5 1YY

Planning law solicitors in Burnt Oak regulated by the Solicitors Regulation Authority

The list below is a small selection of solicitors in Burnt Oak specialising in planning law. The solicitors can give expert legal advice on all aspects of planning, including planning applications and appeals
  • Moerans, 123 Station Road, Edgware, Middlesex, HA8 7JR
  • Pindoria Solicitors Limited, 1st Floor, 502 Honeypot Lane, Stanmore, Middlesex, HA7 1JR
  • Yugin & Partners, Jubilee House, Merrion Avenue, Stanmore, Middlesex, HA7 4RY
  • Ellistons Slp Solicitors Limited, 51-53 The Broadway, Stanmore, Middlesex, HA7 4DJ
  • Barnett Alexander Conway Ingram Llp, Sovereign House, 1 Albert Place, Ballards Lane, London, N3 1QB

*Source acknowledgement: House price data produced by Land Registry as well data supplied by Lexsure Ltd.

© Crown copyright material is reproduced with the permission of Land Registry under delegated authority from the Controller of HMSO.