As I am unsure how the conveyancing process works what is the most important advice you can impart about purchase conveyancing in Highbury?
You may not hear this from too many lawyers but conveyancing in Highbury and elsewhere in England and Wales is an adversarial process. In other words, when it comes to conveyancing there is an abundance of room for friction between you and other parties involved in the legal transfer of property. For example, the seller, selling agent and even potentially a bank. Selecting a solicitor for your conveyancing in Highbury should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the process whose role it is to look after your legal interests and to protect you.
Every so often a potential adversary may attempt to sway you that it is in your interests to do things their way. For instance, the property agent may claim to be assisting by claiming that your conveyancer is dragging his heels. Or your mortgage broker may tell you to do something that is against your solicitors advice. You should always trust your lawyer above all other parties in the conveyancing process.
It has been 2 months since my purchase conveyancing in Highbury concluded. I have checked the Land Registry site which shows that I paid £200,000 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'm purchasing my first flat in Highbury benefiting from help to buy. The sellers refused to reduce the amount so I negotiated five thousand pounds worth of fixtures and fittings instead. The property agent advised me not reveal to my conveyancer about this extras as it will impact my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I need to retain a conveyancing solicitor for my conveyancing in Highbury. I happened to discover a site which looks to be the ideal solution If there is a chance to get all formalities completed via email that would be preferable. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Completion is due on the sale of our £425,000 maisonette in Highbury next week. The managing agents has quoted £312 for Certificate of Compliance, building insurance schedule and previous years statements of service charge. Is it legal for a freeholder to charge such fees for a leasehold conveyance in Highbury?
Highbury conveyancing on leasehold apartments often involves the purchaser’s conveyancer submitting enquiries for the landlord to answer. Although the landlord is under no legal obligation to answer these enquiries the majority will be willing to do so. They are at liberty to charge a reasonable administration fee for answering questions or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some cases it is in excess of £800. The administration charge invoiced by the landlord must be accompanied by a summary of rights and obligations in respect of administration fees, otherwise the invoice is not strictly payable. Reality however dictates that you have little choice but to pay whatever is demanded if you want to sell the property.
Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Highbury. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Where there is a absentee landlord or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to decide the amount due.
An example of a Lease Extension decision 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 property lawyers conducting our conveyancing in Highbury has sent papers to review that state the property is unregistered with epitome documents. Surely all houses in Highbury are registered?
It is a rare occurrence indeed to find premises in Highbury to be unregistered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Plenty of Highbury conveyancing practitioners should be capable of dealing with such matters but in the event that uncertainty exists the prevailing proposition nowadays appears to be for the current owners to address the registration formalities first and subsequently deal with the transfer to the buyer - this will have a domino effect to result in a significant delay.