My apartment in Clapton is up for sale and I have a purchaser. Will my lawyer have to be on the Leeds Building Society conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Leeds Building Society conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently at the moment.
I have been on the look out for a leasehold apartment up to £305k and identified one near me in Clapton I like with open areas and transport links nearby, the downside is that it only has 51 remaining years left on the lease. I can't really find anything else in Clapton for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a mortgage the remaining unexpired lease term may be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you can ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I am downsizing from my home. My past conveyancers have shut. I am in need of a recommendation of a conveyancing firm. I happen to live in Clapton if that affects matters.
Do use our search tool to help you find a solicitor for your conveyancing in Clapton. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs smoothly.
In my capacity as executor for the estate of my grandfather I am disposing of a house in Neath but I am based in Clapton. My solicitor (based 235 kilometers from merequires that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing practitioner in Clapton to witness this legal document for me?
strictly speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will do regardless of whether they are Clapton based
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Clapton. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee freeholder 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 judgment on the price payable.
An example of a Freehold Enfranchisement decision for a Clapton residence is 104 Nightingale Road in May 2009. The Tribunal's Decision is that the premium torbe paid for the enfranchisement in this case is £112,174 This case related to 10 flats. The unexpired term was 71.25 years.
What makes a Clapton lease unmortgageable?
There is nothing unique about leasehold conveyancing in Clapton. All leases are individual and drafting errors can result in certain provisions are not included. The following missing provisions could result in a defective lease:
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Insurance obligations A provision for the recovery of money spent for the benefit of another party.
A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. Halifax, Norwich and Peterborough Building Society, and Barclays Direct all have very detailed requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is problematic they may refuse to grant the mortgage, forcing the buyer to pull out.
A licensed conveyancer handled my conveyancing in Clapton half a dozen years ago having stored my title documents but has now closed – What can I do to get hold of them?
Deeds, as such, no longer exist as the majority of homes in Clapton are registered digitally at Land Registry. Where you need to prove evidence of proprietorship or are selling or re-mortgaging your conveyancer will need to obtain up to date copies of the register from the Land Registry in any case.
If you feel there may be other documents or you have any other queries please e-mail your request with details of the transaction and documents you need to filerequest@clc-uk.org. The CLC will let you know what information they have and any additional information they may need before they are in a position to identify and send the documents to you. Following an intervention it may take some time for the CLC to access archived files and documents, but your request will be actioned as quickly as possible.