It is 10 years ago since I purchased my house in Muswell Hill. Conveyancing lawyers have now been appointed on the sale but I am unable to track down the title deeds. Will this jeopardise the sale?
You need not be too concerned. Firstly there is a chance that the deeds will be retained by your mortgage company or they could stored with the conveyancers who oversaw your purchase. Secondly the chances are that the property will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring up to date copy of the land registers. Nearly all conveyancing in Muswell Hill involves registered property but in the unlikely event that your home is not registered it adds to the complexity but is not insurmountable.
I am considering applying for a Nottingham mortgage for purchase of a new build (under development) in Muswell Hill with 70% loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Nottingham ?
In theory, you could use a solicitor that is not on the Nottingham conveyancing panel, but Nottingham would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I am planning to move property in September. Does my conveyancing solicitor liaise with the removal company on the day of completion. As an aside, can you put forward a removal company in Muswell Hill. Conveyancing lawyer was chosen prior to coming across this site.
On the afternoon of completion you will need to pick up the keys from the estate agent however this should only occur after the vendors solicitors advise the agent that they acknowledge receipt of the completion payment and the keys can be collected. After that you will need to inform the removal men that you are ready to move in. We do not recommend a specific removal company but can help you choose a conveyancing in Muswell Hill or a legal practice with expertise in conveyancing in Muswell Hill.
I have paid off my mortgage with Nottingham. I assume I don't need a Muswell Hill conveyancing practitioner on the Nottingham panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham 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 Nottingham mortgage from the register. Nottingham, 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 Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I was told two weeks ago that my mortgage has been agreed to by RBS. Is it usual for RBS to only issue the offer once my solicitor in Muswell Hill is approved on their conveyancing panel? RBS have asked my solicitor to see a copy of their PI Insurance.
A lender would not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for RBS to deal with your lawyer's application to be on the RBS conveyancing panel. There's no guarantee that your solicitor will be accepted.
How does conveyancing in Muswell Hill differ for newly converted properties?
Most buyers of new build property in Muswell Hill come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is built. This is because developers in Muswell Hill typically acquire 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 Muswell Hill or who has acted in the same development.
I've recently found out that there is a flying freehold element on a house I put an offer in a fortnight ago in what was supposed to be a quick, chain free conveyancing. Muswell Hill is the location of the property. Is there any guidance you can impart?
Flying freeholds in Muswell Hill are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Muswell Hill you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Muswell Hill 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.
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Muswell Hill and how can you help?
The particular law that you refer to gives protection to business lessees, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Muswell Hill is one of the many areas of the UK in which our lawyers have offices