We were just about to exchange contracts for a leasehold flat in North Finchley. We have hit a problem. Our loan offer with Accord Mortgages Ltd expires on 28/5/2024 but the owners are suggesting a completion date of 30/5/2024. Can one prolong the mortgage offer?
The person best placed to address this issue is your conveyancer who should determine whether he or she is corresponding with the mortgage company, vendor’s conveyancers, estate agents or conceivably all three given the circumstances your conveyancing as of today.
We just had an offer accepted to buy with Loughborough BS. I went into 3 or 4 high street companies but am unable to find a North Finchley conveyancing firm on the Loughborough BS panel. Could you help?
Please do make use of the search tool on this page. Please choose the mortgage company and type North Finchley or your location and you will see a number of lawyer offices in North Finchley or nearest you.
What does a local search reveal concerning the property we're purchasing in North Finchley?
North Finchley conveyancing often commences with the submitting local authority searches directly from your local Authority or via a personal search organisations such as Onsearch The local search is essential in every North Finchley conveyancing purchase; that is if you don’t want any unpleasant surprises after you move into your new home. The search should provide data on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
four months have gone by following my purchase conveyancing in North Finchley concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £215,000. 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.
Having checked my lease I have discovered that there are only Seventy years remaining on my flat in North Finchley. I need to get lease extension but my landlord is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be granted an extra 90 years by the magistrate. However, you will be required to demonstrate that you have made all reasonable attempts to locate the freeholder. On the whole a specialist would be useful to conduct investigations and prepare an expert document to be used as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer both on proving the landlord’s disappearance and the vesting order request to the County Court covering North Finchley.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can one make an application to the Leasehold Valuation Tribunal? Can you recommend a North Finchley conveyancing firm to help?
in cases where there is a absentee freeholder or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to make a decision on the sum to be paid.
An example of a Lease Extension case for a North Finchley flat is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case affected 1 flat. The unexpired residue of the current lease was 76 years.
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have just been informed that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in North Finchley. Conveyancing lawyers have are about to be instructed. Will my lawyers set out the implications of buying a leasehold house in North Finchley ?
Most houses in North Finchley are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in North Finchley so you should seriously consider looking for a North Finchley conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. As a lessee you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as obtaining the freeholder’spermission to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the estate where the house is part of an estate. Your solicitor will advise you fully on all the issues.