We are about to sign contracts for a semi detached house in Hornsey Rise. We have hit a snag. Our loan offer with Britannia expires on 22/5/2023 but the vendors are putting forward a completion date of 24/5/2023. Can one extend the loan expiry date?
The person best placed to address this question is your lawyer who should determine whether he or she is should be discussing with the mortgage company, owner’s lawyers, property agents or conceivably all three based on the history of your house move as of today.
I own a freehold house in Hornsey Rise but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Hornsey Rise and has limited impact for conveyancing in Hornsey Rise but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
My home in Hornsey Rise is up for sale and I have accepted an offer. Does the solicitor need to be on the Skipton conveyancing panel in order to deal with paying off my mortgage?
Ordinarily, even if your lawyer is not on the Skipton conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently in recent years.
A colleague advised me that in purchasing a property in Hornsey Rise there may be various restrictions prohibiting external changes to a property. Is this right?
We are aware of anumerous of properties in Hornsey Rise which have some sort of restriction or requirement of consent to carry out external changes. Part of the conveyancing in Hornsey Rise should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I'm in the throws of viewing houses in Hornsey Rise and I am now considering a potential offer. Should I already have a conveyancing practitioner appointed at this point? I intend to finance via a mortgage with Clydesdale.
It would be advisable to instigate your search sooner rather than later. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the estate agent. As you are obtaining a mortgage with Clydesdale, ask your prospective lawyers if they are on the Clydesdale conveyancing panel otherwise they can't do the mortgage legal work.
I have paid off my mortgage with RBS. I assume I don't need a Hornsey Rise solicitor on the RBS panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your RBS mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the RBS mortgage from the register. RBS, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where RBS has sent the Land Registry the discharge electronically, and
- RBS has instructed the Land Registry to do so
Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial site in Hornsey Rise?
Its becoming the norm that commercial conveyancing solicitors in Hornsey Rise will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Hornsey Rise. The report provides definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hornsey Rise.
For every commercial conveyancing transaction in Hornsey Rise it is crucial to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been dealt with adequately can result in delays to Hornsey Rise commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Hornsey Rise.
Our mortgage broker has recommended their lawyer for our conveyancing in Hornsey Rise - won’t it be easier to just use them?
It is worth checking if the estate agent is recommending a conveyancer or introducing to a property lawyer. There are plenty of Hornsey Rise estate agents who recommend two or three Hornsey Rise conveyancing firms and get nothing from it.