I am in a contract race with another buyer for a property in Edmonton. What can I do to speed up matters?
Where the seller is applying a tight deadline for your conveyancing it is advisable to make sure that your lawyer is familiar with the location as they will have local relationships and insight. It is even conceivable that they would have handled previoushomes in the same road. Therefore consider using a Edmonton conveyancing solicitor. Second, make sure that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that 18% of Edmonton conveyancing transactions are frustrated or jeopardised after finding out that a buyer’s solicitor was not on their mortgage lender’s member panel. In many cases this discovery resulted in the transaction being held up by almost three weeks. It is believed that this issue affects in the region of 100,000 home sales annually. Many Edmonton conveyancing practices can not represent certain lenders so do check as early as possible.
We note that you have a search directory identifying solicitors on the Principality conveyancing panel. Do firms pay you a referral fee if I instruct them for our own conveyancing in Edmonton?
We are a listing service only for law firms wishing to communicate if they are on the Principality conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Edmonton.
The Edmonton conveyancing firm that I recently instructed on my house acquisition in Edmonton have without warning closed. I only went with them because I needed a solicitor on the Aldermore conveyancing panel and my previous Edmonton lawyer was not. I paid them 275 plus VAT in advance. What should be my next steps?
If you have an estate agent involved 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. Hopefully they will 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 Aldermore 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 lawyers may be able to assist.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Edmonton I like with a park and station nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Edmonton suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease will likely be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you could request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
I am thinking of appointing a conveyancing solicitor in Edmonton for my home move. Can I see a solicitor's record with the legal regulator?
You can see documented Solicitor Regulator Association (SRA) decisions arising from investigations commenced on or after Jan 2008. Visit Check a solicitor's record. For information Pre 2008, or to check a firm's record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The SRA could monitor telephone calls for training reasons.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £125,000 garden flat in Edmonton next week. The freeholder has quoted £324 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Edmonton?
Edmonton conveyancing on leasehold maisonettes normally involves fees being levied by management companies :
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Completing conveyancing due diligence enquiries
Where consent is required before sale in Edmonton
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a ground-floor 1950’s flat in Edmonton. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the amount due for a lease extension?
Most certainly. We can put you in touch with a Edmonton conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold matter before the tribunal for a Edmonton property is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case was in relation to 2 flats. The remaining number of years on the lease was 80.01 years.