My friend's dad is a conveyancer. I anticipate that I will receive friends and family pricing for conveyancing, However if that does not come through, what kind of costs should I be paying for conveyancing in Cockfosters?
It’s a good idea to request two or three conveyancing estimates. Do use our search tool on this page. You will notice that amounts will be different but service levels do are distinct between property lawyers as is true with the vast majority of professional services.
My wife and I are about to exchange buying a property in Cockfosters but as a result of damage from some water damage at the property I have managed to agree compensation from the owner of £2k taking the form of a reduction in the price. This was going to be dealt with as part of the conveyancing process yet Kent Reliance are not allowing this. Should they have been notified?
Any property lawyer being on a Kent Reliance approved list is duty bound to disclose to Kent Reliance of any changes to the purchase price. If you prohibit your conveyancing practitioner to notify the price change to Kent Reliance then they would have to discontinue acting for you. In addition, Kent Reliance and you would have to appoint a new solicitor for your conveyancing in Cockfosters.
What does my ID and proof of funds have anything to do with my conveyancing in Cockfosters? Is this really necessary?
Cockfosters conveyancing solicitors and indeed property practitioners accross the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client in order to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to provide two forms of certified identification; proof of ID (usually a Passport or Driving Licence) and proof of address (typically a Utility Bill no older than three months).
Confirmation of source of funds is also necessary in accordance with the money laundering statutes as conveyancers are mandated to ensure that the monies you are using to buy a property (whether it be the deposit for exchange or the total purchase price where you are buying mortgage free) has come from an acceptable source (such as an inheritance) and is not the proceeds of criminal behaviour.
We wanted to use a conveyancing solicitor in Cockfosters for our home move. Our broker informed us that our bank Lloyds TSB Bank won't deal with them. Why is this not regarded as unduly restrictive?
A mortgage company may direct that an approved solicitor act for it. You would be expected to bear the cost of this. Try using our search facility to find a solicitor to conduct conveyancing in Cockfosters on the Lloyds TSB Bank conveyancing panel.
I used Wolstenholmes a few years past for my conveyancing in Cockfosters. Now, I need my documents however the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate 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 Cockfosters of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I work for a busy estate agent office in Cockfosters where we have experienced a few flat sales derailed due to leases having less than 80 years remaining. I have received contradictory information from local Cockfosters conveyancing firms. Could you clarify whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner 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. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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 purchaser.
I own a ground-floor 1950’s flat in Cockfosters. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
Where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to arrive at the premium.
An example of a Freehold Enfranchisement decision for a Cockfosters residence is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case was in relation to 2 flats. The unexpired residue of the current lease was 70.31 years.