We were going to get a AIP from Leeds Building Society this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Leeds Building Society recommend any Finsbury Park solicitors on the Leeds Building Society conveyancing panel, or is it better to go independently?
You will need to appoint Finsbury Park solicitors independently although you'll need to choose one on the Leeds Building Society conveyancing panel. The solicitor represents both you and Leeds Building Society through the process.
My wife and I are spending time looking at houses in Finsbury Park and I am about to put in an offer. Is it premature to have a solicitor in place? I am planning to take a mortgage with Lloyds.
You should start obtaining conveyancing estimates from solicitors ASAP. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are seeking a mortgage with Lloyds, make sure you remember to check that your lawyer is on the Lloyds conveyancing panel.
I have today made my last payment due on my mortgage with Clydesdale. I assume I don't need a Finsbury Park conveyancer on the Clydesdale panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Clydesdale mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Clydesdale mortgage from the register. Clydesdale, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Clydesdale has sent the Land Registry the discharge electronically, and
- Clydesdale has instructed the Land Registry to do so
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when buying a property in Finsbury Park? or I am told that there is historic law that could mean that house owners living in a parish church boundary may be liable to contribute towards repairs towards the chancel within the church. Is this relevant for conveyancing in Finsbury Park?
Unless a previous purchase of the property completed after 12 October 2013 you could take it that lawyers conducting conveyancing in Finsbury Park to continue to advocate a chancel search and or insurance against a claim.
five months have gone by following my purchase conveyancing in Finsbury Park completed. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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.
I have been on the look out for a flat up to £235,500 and identified one near me in Finsbury Park I like with a park and station in the vicinity, however it's only got 61 years unexpired on the lease. I can't really find anything else in Finsbury Park for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan the shortness of the lease may be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
Planning to exchange soon on a studio apartment in Finsbury Park. Conveyancing solicitors assured me that they report fully on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Finsbury Park should include some of the following:
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Whether the landlord has obligations to ensure rights of quiet enjoyment over your premises and do you know what it means in practice? You should know whether the lease permits you to alter or upgrade aspects of the property- you should know whether it applies to all alterations or limited to structural alteration, and whether licences for alterations is required What you can do if another tenant in the building is in violation of a provision in their lease? Additions to the premises Details of the parties to the lease, for example these could be the tennant, superior lessor, freeholder
I inherited a garden flat in Finsbury Park. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
Most certainly. We can put you in touch with a Finsbury Park conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Finsbury Park premises is 51 Lorne Road in November 2009. The price Payable as decided by the tribunal for the freehold reversion was £27,000. The valuation follows the order of the County Court made on 3 April 2008 granting a vesting order. This case affected 1 flat. The unexpired lease term was 71 years.
I am planning to sell a garage which is on a separate legal title with the land registry and hope to get 20,000 or so, to clear debts. There is a mortgage with Aldermore. Is it possible for you to refer me to a cheapish conveyancer as the conventional £800-1000 reduces the return somewhat. Although I live in Finsbury Park I dont need to appoint a Finsbury Park solicitor.
The purpose of this site is limited to being a directory service for property lawyers who wish to be listed as being on the approved conveyancing panel for Aldermore in certain areas for example Finsbury Park . We dont recommend any specific solicitor.