Various web forums that I have visited warn that are the main cause of stalling in Gidea Park house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances in the conveyancing process. Local searches are unlikely to feature in any slowing down conveyancing in Gidea Park.
I have todaybeen informed that Arc property Solicitors have been shut down. They carried out my conveyancing in Gidea Park for a purchase of a leasehold flat 9 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to check if the premises is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Gidea Park conveyancing specialists.
The estate agent has sent us the confirmation of our purchase of a new build flat in Gidea Park. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here is a sample of a selection of leasehold new build questions that you should expect your new-build leasehold conveyancing in Gidea Park
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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. There must be mutual enforceability of lessee’s covenants.
I opted to have a survey done on a property in Gidea Park prior to instructing conveyancers. I have been advised that there is a flying freehold element to the house. The surveyor advised that some mortgage companies may not grant a mortgage on this type of house.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Gidea Park. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Gidea Park to see if the conveyancing will be more expensive.
My husband and I are FTB’s - agreed a price, but the property agent advised that the vendor will only issue a contract if we use the agent's preferred lawyers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street conveyancer with experience of conveyancing in Gidea Park
We suspect that the owner is not behind this requirement. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Contact the vendors directly and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances arranged © you are chain free (d) you wish to move quickly (e)however you intend to appoint your preferred Gidea Park conveyancing lawyers - not the ones that will earn their negotiator at the agency a kickback or hit his conveyancing thresholds pre-set by corporate headquarters.
I am buying a house mortgage free. I have provided lawyer with two distinct forms of photographic identification, bank statement, endless utility bills. Now he requires a copy from a probate lawyer acknowledging that the funds are in place and that it has come from inheritance and not selling fake watches.
In today’s world you will not be able to complete any Gidea Park conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering Regulations.