My home in Palmers Green is up for sale and I have accepted an offer. Does the property lawyer have to be required to be on the Aldermore conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Aldermore 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 panel criteria fairly frequently at the moment.
I am purchasing a victorian detached house in Palmers Green. We would like to carry out an extension to the side at the property.Will the conveyancing process involve enquiries to ascertain if these works are allowed?
Your solicitor should check the deeds as conveyancing in Palmers Green can on occasion reveal restrictions in the title documents which prevent categories of works or require the consent of another owner. Many additions need local authority planning permissions and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
We have a mortgage agreed in principle with TSB. Palmers Green conveyancing practitioners were instructed. What is the average time that one could expect to receive a mortgage offer from TSB?
There is no definitive answer here. Have TSB conducted the valuation? Have you informed TSB as to your lawyers' details and checked that your lawyers are on the TSB conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I currently have a mortgage with Clydesdale for my property in Palmers Green. Conveyancing has been completed 12 months ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Clydesdale?
You must advise Clydesdale prior to renting your property as this is likely to be a breach of Clydesdale’s mortgage conditions. It may be that Clydesdale will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Clydesdale directly. You need not do this via a Clydesdale conveyancing panel solicitor.
My colleague advised me that if I am purchasing in Palmers Green I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Palmers Green conveyancing searches. It is not a small report of more than thirty pages, listing and setting out significant information about Palmers Green around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data about Palmers Green.
Are there restrictive covenants that are commonly picked up during conveyancing in Palmers Green?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Palmers Green. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a flat up to £245,000 and identified one round the corner in Palmers Green I like with open areas and transport links nearby, however it only has 49 remaining years left on the lease. I can't really find anything else in Palmers Green for this price, so just wondered if I would be making a mistake acquiring a short lease?
If you require a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.
How simple is it to use the search facility to find a conveyancing practitioner in Palmers Green on the approved list for my bank?
Step one is to choose a mortgage company such as Barclays , The Mortgage Works or Godiva Mortgages Ltd then type in your preferred area for example Palmers Green. Conveyancing firms in Palmers Green and across England and Wales will then be listed.