I am in a contract race with another buyer for a property in Enfield. What can I do to speed up the buying process?
First, If you are under pressure for your conveyancing we would recommend that your solicitor is familiar with the location as they will benefit local relationships and know-how. It is possible that they may have conducted otherhomes in the same road. You would be best advised to use a Enfield conveyancing lawyer. In addition, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is said that nearly one in five of Enfield conveyancing transactions are held up or jeopardised after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the buying process being delayed by an average of 21 days. It is estimated that this issue affects approximately 100,000 home sales annually. Many Enfield conveyancing practices can not represent certain lenders so do check at the outset.
Why do I have to pay up front for conveyancing in Enfield?
If you are buying a property in Enfield your solicitor will ask you put them with funds to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is as part of the sale price then this will be needed immediately in advance of contracts are exchanged. Any further balance that is due should be transferred a couple of days ahead of the completion date.
What does a local search tell me about the house we're buying in Enfield?
Enfield conveyancing often commences with the ordering local authority searches directly from your local Authority or through a personal search company for example Xpress Legal The local search plays a central part in most Enfield conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search will reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen topic areas.
Yesterday I discovered that there is a flying freehold element on a house I have offered on last month in what should have been a straight forward, no chain conveyancing. Enfield is where the house is located. Is there any guidance you can give?
Flying freeholds in Enfield are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Enfield you must be sure that your lawyer goes through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Enfield may ascertain 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.
My father has recommend that I appoint his conveyancing solicitors in Enfield. Should I choose my own conveyancer?
Much as we are happy to recommend a Enfield conveyancing lawyer it’s preferable to select a conveyancing solicitor is to have guidance from friends or family who have experience in using the conveyancer that you are contemplating using.
I've recently bought a leasehold property in Enfield. Am I liable to pay service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
We have reached the end of our tether in seeking a lease extension in Enfield. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We are happy to put you in touch with a Enfield conveyancing firm who can help.
An example of a Lease Extension case for a Enfield flat is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case affected 1 flat. The remaining number of years on the lease was 81.79 years.