I plan on acquiring an apartment in Edgware. My lawyer is not on the bank approved panel. Can I still appoint my Edgware conveyancing solicitor even though they are not on the bank panel of approved conveyancing solicitors?
Your options include
- Carry on with your existing Edgware conveyancer but your mortgage company will undoubtedly retain a conveyancer on their approved panel. The net result is additional fees and probable interruption.
- Appoint a new solicitor to conduct the conveyancing, making sure they are on the bank conveyancing panel.
- Appeal to your property lawyer to attempt to join the bank panel
Do the Building Society Association intend to launch a searchable register to to identify firms on the Loughborough BS conveyancing panel for instance in Edgware?
We are not aware of any intention on the part of the BSA to develop such a search facility.
A colleague advised me that where I am buying in Edgware I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally included in the estimate for your Edgware conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Edgware around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Edgware Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Edgware Education with plans and statistics, Local Amenities and other useful information concerning Edgware.
Are there restrictive covenants that are commonly identified as part of conveyancing in Edgware?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Edgware. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the encouragement of my in-laws I had a survey completed on a house in Edgware in advance of retaining lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some banks tend not grant a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Nationwide. Should you wish to call us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Edgware. Conveyancing may be slightly more expensive based on your lender's requirements.
I am hoping to sign contracts shortly on a leasehold property in Edgware. Conveyancing solicitors have said that they are sending me a report on Monday. What should I be looking out for?
The report on title for your leasehold conveyancing in Edgware should include some of the following:
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The unexpired lease term. You should be advised as what happens when the lease ends, and aware of the importance of the 80 year mark You should be told what is to be regarded as a Nuisance in the lease Repair and maintenance of the flat Changes to the premises Whether the lease restricts you from letting out the flat, or working from home
I own a two-bedroom flat in Edgware. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
Most definitely. We can put you in touch with a Edgware conveyancing firm who can help.
An example of a Lease Extension case for a Edgware flat is Ground Floor Maisonette 17 Milton Road in January 2014. The Tribunal determined the premium payable by the Applicant to the should be £13,299 This case affected 1 flat. The unexpired lease term was 71.73 years.