The housing market in Ponders End is heating up. What can I do to quicken up the legal process?
First, If you are under pressure to exchange it is advisable to make sure that your conveyancer is familiar with the location as they will benefit local contacts and knowledge. It is possible that they may have transacted otherhouses in the same street. You would be best advised to use a Ponders End conveyancing firm. In addition, be sure that the conveyancing firm is on the lender panel. It is said that just under twenty per cent of Ponders End conveyancing deals are delayed or jeopardised after discovering a buyer’s solicitor was not on their banks panel. This can often result in the legal process being frustrated by as much as three weeks. It is understood that this issue impacts approximately 100,000 home moves every year. Many Ponders End conveyancing practices can not act for certain banks so do check as early as possible.
Can your site be used to recommend a Conveyancing solicitor in Ponders End even if I’m not buying or selling a house, for example where I intend to buy an office in Ponders End with a mortgage from Leeds Building Society?
Our search tool is mainly there to select domestic conveyancing solicitors in Ponders End but we have recorded towards the end of this page a few Ponders End commercial conveyancing firms. You should speak with the firm directly to establish if they can also act for Leeds Building Society
This question may be naive but I am wet behind the ears as a 1st time purchaser of a ground floor flat in Ponders End. Do I collect the keys to the house on the completion date from my conveyancer? If so, I will appoint a High Street conveyancing solicitor in Ponders End?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the purchase money to the seller's conveyancers, and once they have received this, you should be invited to receive the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
I'm the single beneficiary of my late mum's estate with all property in now in my sole name, including the house in Ponders End. The Ponders End property was put into my name in February. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my proprietorship may be regarded the same way as though I had purchased the property in February. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you might be impacted by that. many banks would take a sensible view as this provision is chiefly there to pick up on subsales or the quick reselling of property.
I have paid off my mortgage with Barclays. I assume I don't need a Ponders End lawyer on the Barclays panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Barclays 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 Barclays mortgage from the register. Barclays, 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 Barclays has sent the Land Registry the discharge electronically, and
- Barclays has instructed the Land Registry to do so
I have todayfound out that Arc property Solicitors have closed. They carried out my conveyancing in Ponders End for a purchase of a leasehold apartment 10 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The quickest way to check if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Ponders End conveyancing specialists.
I've recently bought a leasehold property in Ponders End. Am I liable to pay service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Ponders End conveyancing firm to assist?
You certainly can. We are happy to put you in touch with a Ponders End conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold matter before the tribunal for a Ponders End flat is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case affected 2 flats. The unexpired term was 80.01 years.
I am hoping to buy a repossessed house in Ponders End and the mortgagee in possession would like to complete within a month. Can a property lawyer meet that timeframe? Am I best advised to use a high street Ponders End firm or an online firm that advertises to offer speedy conveyancing?
Visit your Ponders End shopping parade. Pop in to 3 solicitor’s offices and request to see a conveyancing solicitor for an estimate. Explain your requirements and get assurances on deadlines. Appoint the firm that seems most efficient. Be sure to choose a conveyancer on the panel of conveyancing practitioners acceptable to your bank.