What is the optimum way to check that the solicitor carrying out my conveyancing in Hainault is on the lender’sapproved panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Scotland thus paying £187.00 plus VAT in further legal costs.
You should make use of the find a lender approved solicitor tool on this page. Pick the mortgage company and type ‘Hainault’ or your preferred area and you will be presented with a number of lawyer located in Hainault or near you.
Various web forums that I have come across warn that are the main reason for delay in Hainault 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 top 10 causes of hindrances in the conveyancing process. Searches are not likely to be the root cause of slowing down conveyancing in Hainault.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Hainault?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Hainault. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My husband and I are first time buyers - agreed a price, yet the property agent informed us that the owners will only proceed if we instruct the agent's chosen solicitors as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Hainault
We suspect that the seller is unaware of this demand. Should the vendor desire ‘a quick sale', turning down a serious buyer is not the way to achieve this. Contact the vendors directly and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you intend to use your own,trusted Hainault conveyancing solicitors - as opposed tothose that will earn the estate agent a introducer fee or meet his conveyancing thresholds set by senior management.
I have just started marketing my 2 bed apartment in Hainault. Conveyancing lawyers have not yet been instructed, but I have just received a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you discharge the invoice as usual because all ground rent and service charges will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Hainault. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We can put you in touch with a Hainault conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Hainault premises is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case affected 2 flats. The unexpired term as at the valuation date was 69.26 years.
We own a leasehold flat in Hainault. Conveyancing was finalised in last year. I have heard that I should not allow the lease length fall too short. What is the reasoning?
Hainault domestic long term leases are for a fixed term - usually just under one hundred years when they started. However many appartments in Hainault were constructed or converted 25 or more years ago and so these leases now have under 80 years remaining. That may sound like a long time but Banks, Building Societies and other mortgage institutions tend to require leases to have at least seventy five years remaining to adequate security. Accordingly when you come to sell the property you will need to extend the term of your lease if you are getting close to 75 years. To optimize the marketability of your property you should be thinking about whether to extend your lease long before you come to sell it. Furthermore advantages to taking action before the lease hits 80 years as when the lease is below 80 years the amount you have to pay to extend starts to get a lot more expensive.