I moved into my house on 8 November and my personal details is yet to be registered. Need I be worried? My conveyancing solicitor in Highbury expressed confidence that it would be registered in a couple of weeks. Are transfers in Highbury particularly slow to register?
As far as conveyancing in Highbury is concerned, registration is no faster or slower than anywhere else in the country. Rather than based on location, timeframes can adjust subject to the party submitting the application, whether it is in order and if the Land registry communicate with any third parties. At present roughly 80% of submission are fully addressed within two weeks but occasionally there can be protracted delays. Historically registration occurs once the purchaser has moved in to the premises therefore an expedited registration is not always top priority but if there is a degree of urgency associated with the registration then you or your lawyers should communicate with the Registry to express the reasoning for an expedited registration.
How does conveyancing in Highbury differ for new build properties?
Most buyers of new build premises in Highbury come to us having been asked by the builder to exchange contracts and commit to the purchase even before the premises is ready to move into. This is because developers in Highbury usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Highbury or who has acted in the same development.
I decided to have a survey carried out on a house in Highbury prior to appointing conveyancers. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies tend not issue a loan on a flying freehold property.
It depends who your proposed lender is. Bank of Scotland has different requirements from Birmingham Midshires. Should you wish to call us we can investigate further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Highbury. Conveyancing will be smoother if you use a solicitor in Highbury especially if they regularly deal with such properties in Highbury.
Should I choose a Highbury conveyancing solicitor in close proximity to the house I am hoping to buy? I have an old university friend who can execute the conveyancing but her office is 300kilometers away.
The benefit of a high street Highbury conveyancing firm is that you can drop in to execute paperwork, present your ID and pester them where appropriate. Having local Highbury know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were happy that must surpass using an unfamiliar Highbury conveyancing solicitor just because they are based in the area.
I am tempted by the attractive purchase price for a two maisonettes in Highbury which have about 50 years unexpired on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As a lease gets shorter the saleability of the lease decreases and it becomes more costly to extend the lease. For this reason it is advisable to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you seek professional assistance from a conveyancer and surveyor with experience in this area.
I am the registered owner of a basement flat in Highbury. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Most certainly. We can put you in touch with a Highbury conveyancing firm who can help.
An example of a Lease Extension case for a Highbury premises is Lower Flat 16A Beatty Road in September 2012. The premium payable was £13,577. The terms of the lease has been agreed between the Applicants and the First Respondent and the Tribunal did not seek to disturb that agreement. This case was in relation to 1 flat.
The mortgage agreement from a lender for the refinancing of my 2 bedroom garden flat is coming any day now. Could you suggest a cheap remortgage conveyancing law firm in Highbury ?
You are on the wrong site if you are in need of a cheap conveyancing solicitors in Highbury. We can offer you cost effective conveyancing but we do not aim to work with the cheapest lawyers. Avoid the trap of appointing companies offering £99 conveyancing in Highbury.In your best case scenario, in opting for cheap conveyancing, you will end up with what you pay for and at worst you will end up being stung for extras and still not get the service expected.