Having been suggested to visit your company we were about to go ahead with a conveyancing solicitor in East Barnet listed using your comparison tool but have come across alternative costs illustrations on the internet seem less expensive – why is this?
You can find numerous solicitors advertising what appear to be the cheapest conveyancing in East Barnet. We suggest that you give due consideration as to how much you respect your own move to want to take 'cheap' risks in relation to the standard of the legal work. Some embed extras well inside the terms of business. The solicitors that we put forward for conveyancing in East Barnet neverbehave this way.
We are a couple about to exchange contracts for a leasehold flat in East Barnet. We encountered a problem. Our mortgage offer with Nationwide Building Society runs out on 29/3/2023 but the vendors are suggesting a completion date of 31/3/2023. Is it possible to extend the mortgage expiry date?
The person best placed to address this concern is your solicitors who should assess if they should be discussing with the bank, seller’s lawyers, selling agents or possibly all parties taking into account the circumstances your conveyancing as of today.
As someone not used to the East Barnet conveyancing process what’s your top tip you can impart concerning the house moving process in East Barnet
You may not hear this from too many lawyers but conveyancing in East Barnet or throughout North London is an adversarial process. In other words, when it comes to conveyancing there is plenty of opportunity for conflict between you and others involved in the transaction. For example, the vendor, estate agent and even potentially the mortgage company. Appointing a lawyer for your conveyancing in East Barnet should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the process whose responsibility is to act in your best interests and to keep you safe.
Every so often a potential adversary may try and sway you that you should follow their advice. For example, the selling agent may claim to be helping by suggesting your lawyer is slow. Or your mortgage broker may advise you to do something that is contrary to your conveyancers recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
Just had an offer accepted on a new build flat in East Barnet. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in East Barnet
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Please confirm the Lease plans are surveyor prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in East Barnet I like with amenity areas and station nearby, the downside is that it only has 61 years on the lease. I can't really find anything else in East Barnet for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan that many years may be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
What advice can you give us when it comes to finding a East Barnet conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a solicitor for your lease extension (regardless if they are a East Barnet conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with two or three firms including non East Barnet conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions could be of use:
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How experienced is the firm with lease extension legislation? What volume of lease extensions have they completed in East Barnet in the last twenty four months?
I am the registered owner of a basement flat in East Barnet. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
You certainly can. We can put you in touch with a East Barnet conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a East Barnet property is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case related to 2 flats. The number of years remaining on the existing lease(s) was 70.31 years.