We were just about to exchange contracts for a ground floor flat in Potters Bar. We have hit a snag. Our mortgage offer with Skipton Building Society expires on 18/11/2020 but the vendors are insisting on a completion date of 20/11/2020. Is it possible to extend the loan expiry date?
The person best placed to deal with your question is your conveyancer who should assess if he or she is should be discussing with the lender, vendor’s lawyers, property agents or conceivably all three based on the history of your conveyancing to date.
I have a decision in principle. The bank mentioned the mortgage came with free conveyancing. Does this mean I have to use their panel solicitor as I would much rather instruct a Potters Bar based conveyancing firm?
Do check but the the probability is that appoint one of their panel conveyancers if you take up the "fee-free" incentive. Contact the lender and explore if they allow a monetary alternative. It is not unheard for a lender to give a £250 cashback as an alternative in which case you could put that amount towards your preferred conveyancing solicitor near Potters Bar.
Due to the guidance of my in-laws I had a survey completed on a property in Potters Bar ahead of instructing solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some mortgage companies may refuse to grant a loan on such a property.
It depends who your proposed lender is. Lloyds has different instructions from Halifax. If you e-mail us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Potters Bar. Conveyancing will be smoother if you use a solicitor in Potters Bar especially if they are acquainted with such properties in Potters Bar.
I have been sourcing a conveyancing lawyer in Potters Bar for my home move. Is it possible to review a solicitor's record with the profession’s regulator?
Anyone may read documented Solicitor Regulator Association (SRA) determinations stemming from inquisitions commenced on or after 1 January 2008. Visit Check a solicitor's record. To find details about the period before 1 January 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For callers outside the UK, use +44 (0)121 329 6800. The SRA sometimes monitor telephone calls for training reasons.
Last April I purchased a leasehold property in Potters Bar. Do I have any liability for service charges relating to a period prior to completion of my purchase?
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. It is an essential part 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 own a ground floor flat in Potters Bar. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?
Most certainly. We can put you in touch with a Potters Bar conveyancing firm who can help.
An example of a Lease Extension decision for a Potters Bar premises 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 related to 1 flat. The remaining number of years on the lease was 76 years.
Online research suggests that Potters Bar solicitors are more costly than Potters Bar conveyancers in Potters Bar when it comes to buying a house. Am I better off using a conveyancer or a solicitor where I am buying a house in Potters Bar.
When it comes to conveyancing in Potters Bar the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.