Having sold my house in Edgware last June yet the purchaser is whats apping every few hours to say her lawyer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your sale your conveyancer is committed to deliver the transfer deeds and all of the paperwork to the buyer’s conveyancer. Where relevant, your conveyancer must also confirm that the home loan has been repaid to the buyers conveyancers. There is unlikely to be post completion tasks just for conveyancing in Edgware.
The Edgware conveyancing solicitors that I recently instructed on my purchase in Edgware have without warning closed. I chose them because I needed a firm on the Clydesdale conveyancing panel and my previous Edgware lawyer was not. I gave my credit card details for them to take £195 for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Clydesdale conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
I have been told that property searches are a common reason for hinderance in Edgware conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of delays in the conveyancing process. Searches are unlikely to be the root cause of holding up conveyancing in Edgware.
I'm buying my first flat in Edgware with a loan from Platform Home Loans Ltd. The developers would not budge the amount so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not disclose to my lawyer about this side-deal as it could put at risk my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Can you offer any advice when it comes to finding a Edgware conveyancing practice to deal with our lease extension?
If you are instructing a property lawyer for your lease extension (regardless if they are a Edgware conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Edgware conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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If they are not ALEP accredited then what is the reason? Can they put you in touch with clients in Edgware who can give a testimonial?
I inherited a two-bedroom flat in Edgware. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the sum payable for the purchase of the freehold?
You certainly can. We can put you in touch with a Edgware conveyancing firm who can help.
An example of a Lease Extension case for a Edgware premises 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 related to 1 flat. The unexpired term as at the valuation date was 71.73 years.
A mortgage offer from a lender for the refinancing of my 3 bedroom garden flat is due imminently. Can you suggest a cheap remortgage conveyancing lawyer in Edgware ?
This site is not designed to help in pursuit of the cheapest conveyancing in Edgware. Our intention is to offer value for money conveyancing but we do not advertise as being the cheapest. Do not be fooled by brokers offering £99 conveyancing in Edgware.At best, in opting for cheap conveyancing, you will get what you pay for and at worst you will end up invoiced for extras and still not receive the service you were looking for.