We went with a high street solicitor for our conveyancing in Colney Hatch yesterday. After carefully reading the fine print it is apparent thatI am liable for costs even if the movefalls through. Should I ditch them and use an internet conveyancing company offering no-sale-no-fee conveyancing in Colney Hatch?
Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the conveyancing charges will generally be higher to counteract the transactions that do not proceed. You should be mindful that such deals generally do not cover expenses such your Colney Hatch conveyancing search expenses.
I purchased a freehold property in Colney Hatch but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Colney Hatch and has limited impact for conveyancing in Colney Hatch but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
What is the optimum way to investigate if the solicitor handling my conveyancing in Colney Hatch is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Aldermore thus spending £187.00 plus VAT in additional conveyancing fees.
Feel free to make use of the find a lender approved solicitor tool on this web page. Please choose the mortgage company and type ‘Colney Hatch’ or your location and you will see numerous conveyancers based in Colney Hatch or near you.
I have justdiscovered that Stirling Law have been shut down. They carried out my conveyancing in Colney Hatch for a purchase of a leasehold apartment 12 months ago. How can I check that the property is not still registered in the name of the former proprietor?
The quickest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Colney Hatch conveyancing specialists.
Yesterday I discovered that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a quick, chain free conveyancing. Colney Hatch is the location of the property. What do you suggest?
Flying freeholds in Colney Hatch are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Colney Hatch you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Colney Hatch may determine 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.
Planning to sign contracts shortly on a garden flat in Colney Hatch. Conveyancing lawyers assured me that they will have a report out to me next week. What should I be looking out for?
The report on title for your leasehold conveyancing in Colney Hatch should include some of the following:
Information concerning the obligations as set out in the lease to pay service charges - in respect of the block, and the more general rights a lessee has What the implications are if you have violated the provisions of the lease? Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? Responsibility to repair and maintain the building. It is essential that you know who is duty bound to repair and maintenance of all parts of the block and communal areas Whether the lease restricts you from renting out the property, or having a home office for business
I have had difficulty in trying to purchase the freehold in Colney Hatch. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Colney Hatch conveyancing firm who can help.
An example of a Lease Extension case for a Colney Hatch property is 90 & 96 Poplar Grove in June 2013. It was held by the Tribunal that the premium to be paid for the new lease in respect of each of the flats referred should be £17,942 This case was in relation to 2 flats. The remaining number of years on the lease was 68 years.