We are buying a victorian detached house in Highbury. The intention is to an extension at the rear at the house.Will the conveyancing process involve checks to determine if these works are allowed?
Your property lawyer should review the deeds as conveyancing in Highbury will occasionally identify restrictions in the title documents which prevent certain alterations or necessitated the permission of a 3rd party. Some additions require local authority planning permissions and approval in accordance building regulations. Many areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor prior to committing yourself to a purchase.
I am buying a property in Highbury. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Virgin Money be concerned?
Given that you are obtaining a mortgage with Virgin Money your lawyer must follow the conveyancing instructions set out in Section two of UK Finance Lenders’ Handbook for Virgin Money. The CML Handbook sets out minimum requirements for solar panel roof-space leases, and solicitors are required to report to Virgin Money where a lease does not meet these provisions. The provisions relate to the installation of panels on properties in England and Wales and is not limited to Highbury.
Aldermore have agreed my home loan in principle, my offer on a apartment in Highbury has been accepted, what are the next steps?
The estate agent will need to know who your solicitors are (be sure the lawyers are on the lender’s panel). Call up Aldermore or the broker and complete any appropriate documentation. Aldermore will appoint a valuer who will get in touch with the selling agent or seller to schedule a time for the valuation to occur. Once carried out (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Aldermore will send the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in Highbury.
I require quick conveyancing in Highbury as I am faced with a deadline to complete within 4 weeks. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are are a mortgage free purchaser you have the choice not to do searches although no law firm would suggest that you don't. With lots of history conveyancing in Highbury the following are instances of what can arise and adversely impact future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
I used Action Conveyancing a few years ago for my conveyancing in Highbury. Now, I need the documents however cannot find the solicitor. What do I do?
Do call the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Highbury of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
How does conveyancing in Highbury differ for newly converted properties?
Most buyers of new build property in Highbury come to us having been asked by the seller to exchange contracts and commit to the purchase even before the property is finished. This is because house builders in Highbury typically buy the real estate, 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 conveyancing solicitors 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 used to new build conveyancing in Highbury or who has acted in the same development.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a simple, chain free conveyancing. Highbury is the location of the property. What do you suggest?
Flying freeholds in Highbury are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Highbury you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Highbury may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I've found a house that seems to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since found out that it's a leasehold rather than freehold. I am assuming that there are issues buying a house with a leasehold title in Highbury. Conveyancing lawyers have are about to be instructed. Will they explain the issues?
The majority of houses in Highbury are freehold rather than leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Highbury so you should seriously consider shopping around for a Highbury conveyancing practitioner and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. As a leaseholder you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the property is located on an estate. Your solicitor should advise you fully on all the issues.
Notwithstanding our best efforts, we have been unsuccessful in trying to purchase the freehold in Highbury. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to arrive at the sum to be paid.
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.