I am under pressure from the owner of a property in Enfield to exchange within four weeks. What can I do to speed up matters?
In a situation where you are under pressure for your conveyancing we would recommend that your lawyer is familiar with the area as they will benefit local contacts and insight. It is even conceivable that they could have transacted previousproperties in the same road. Therefore consider using a Enfield conveyancing lawyer. Second, make sure that the lawyer is on the on the approved list for your mortgage company. It is estimated that nearly one in five of Enfield conveyancing transactions are suspended or derailed after discovering a buyer’s lawyer was not on their banks list of approved solicitors. In many cases this discovery resulted in the legal process being frustrated by an average of 21 days. It is believed that this issue impacts approximately 100,000 home moves every year. Almost all Enfield conveyancing firms can not act for certain banks so do check at the outset.
Do lenders provide you with an approved list of Enfield conveyancing solicitors? How do you know who is on the Kent Reliance conveyancing panel?
Enfield conveyancing firms themselves provide us confirmation that they are on the Kent Reliance conveyancing panel as opposed to being supplied with a list from Kent Reliance directly.
I am buying a garden flat in Enfield. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Enfield you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Enfield.
It has been 2 months following my purchase conveyancing in Enfield concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Enfield is where the house is located. Is there any advice you can give?
Flying freeholds in Enfield are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Enfield you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Enfield may decide 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 premises.
Last December I purchased a leasehold property in Enfield. Am I liable to pay service charges relating to a period prior to completion of my purchase?
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. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure 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).
After months of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Enfield. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We can 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 unexpired term as at the valuation date was 81.79 years.