We were about to choose a conveyancing solicitor in Enfield Highway recommended on your site but stumbled across some other quotes via the web seem cheaper – how come?
There are plenty of solicitors promoting so-called cut-price conveyancing, unfortunately it’s common in such cases for supplementalfees end up with the final fee being inflated. Conveyancers are obliged to make sure that fees outlined in terms of engagement should be equitable raised The law firms that we list for conveyancing in Enfield Highway genuinely set out all legal fees for a standard conveyancing transaction.
The vendors of the house we are purchasing are using a conveyancing firm in Enfield Highway who has recommended a preliminary agreement with a non-refundable deposit 6,000. Is it wise to enter into such agreements?
There are a couple of primary drawbacks with signing a lock out agreement (also termed a shut-out contract) is that it takes away the focus from moving forward with the conveyancing process, so in the absence of it needing minimal or no negotiation then it may transpire to be unhelpful. It is not promoted amongst Enfield Highway conveyancing solicitors as a result. The other main issue is the extent of the remedies available - an aggrieved purchaser is not likely to obtain an injunction to prevent the vendor completing the sale to an alternative purchaser, so the only remedy available under the contract will be the recovery of wasted costs and, in limited circumstances, the additional payment of damages.
We have a mortgage agreed in principle with Lloyds. Enfield Highway conveyancing lawyers were selected. What is the average time that one could expect to receive a mortgage offer from Lloyds?
There is no definitive answer here. Have Lloyds conducted the survey? Have you informed Lloyds as to your lawyers' details and checked that your lawyers are on the Lloyds conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
My wife and I are at the point of looking at houses in Enfield Highway and I am about to put in an offer. Should I already have a property lawyer appointed at this point? I intend to finance via a home loan with Barclays.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their details on to the EA. As you are taking out a mortgage with Barclays, ask your prospective lawyers if they are on the Barclays conveyancing panel otherwise they can't do the mortgage legal work.
Virgin Money have agreed my mortgage in principle, my offer on a house in Enfield Highway has been agreed to, what are the next steps?
Your property agent will want to know who your solicitors are (make sure the property lawyers are on the lender’s panel). Contact Virgin Money or your financial adviser and finish off any appropriate documentation. Virgin Money will appoint a valuer who will get in touch with the estate agent or vendor to schedule a slot for the valuation to take place. Once conducted (assuming no problems) it takes on average a week to get a mortgage offer. Virgin Money will send the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Enfield Highway.
I am buying a new build apartment in Enfield Highway. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Enfield Highway
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply a car parking plan. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier?
I opted to have a survey done on a house in Enfield Highway before instructing lawyers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some banks may not give a mortgage on this type of home.
It depends who your proposed lender is. Santander has different requirements 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 Enfield Highway. Conveyancing will be smoother if you use a solicitor in Enfield Highway especially if they are acquainted with such properties in Enfield Highway.
I only have 68 years left on my flat in Enfield Highway. I need to extend my lease but my landlord is can not be found. What options are available to me?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. However, you will be required to demonstrate that you have made all reasonable attempts to locate the lessor. On the whole a specialist would be helpful to try and locate and prepare an expert document which can be accepted by the court as evidence that the freeholder can not be located. It is wise to seek advice from a solicitor in relation to devolving into the landlord’s absence and the application to the County Court covering Enfield Highway.
We have reached the end of our tether in trying to purchase the freehold in Enfield Highway. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Enfield Highway conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold decision for a Enfield Highway premises 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 affected 2 flats. The unexpired term was 80.01 years.