We are getting closer to an exchange on a flat in Potters Bar and my parents have transferred the ten percent deposit to my lawyer. I am now advised that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my mortgage company. I am advised that, in also acting for the bank he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
Your conveyancing practitioner is legally required to clarify with lender to ensure that they know that the balance of the purchase price is not from your own resources. The solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I need some quick conveyancing in Potters Bar as I have a deadline to sign on the dotted line in less than 3 weeks. A mortgage is not required. Is it possible to decline from having conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at liberty not to have searches conducted although no conveyancer would recommend that you don't. With lots of history conveyancing in Potters Bar the following are instances of issues that can show up and therefore affect the marketability of the property: Refused Planning Applications, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
Have completed on a a detached house in Potters Bar , What is the estimated time for the Land Registry to record my ownership? My Potters Bar conveyancing solicitor has been painfully slow, so I want to be sure that my ownership is recorded.
As far as conveyancing in Potters Bar is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timescales can vary according to who lodges the application, whether there are errors and whether the Land registry must send notices to any third parties. As of today roughly 80% of submission are fully addressed in less than three weeks but some can be subject to longer delays. Registration occurs after the new owner has moved in to the property therefore an expedited registration is not usually an essential issue but if there is a degree of urgency associated with the registration then you or your solicitor should contact the land registry and explain the circumstances.
What does commercial conveyancing in Potters Bar cover?
Non domestic conveyancing in Potters Bar covers a wide array of advice, supplied by qualified solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
My husband and I are first time buyers - had an offer accepted, but the estate agent has warned us that the vendor will only proceed if we use the agent's recommended lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer used to conveyancing in Potters Bar
We suspect that the owner is unaware of this request. Should the vendor desire ‘a quick sale', turning down a serious purchaser is going to damage their objectives. Bypass the agents and go straight to the sellers and make sure they comprehend that (a)you are keen to buy (b)you are ready to go, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you will continue to instruct your own,trusted Potters Bar conveyancing lawyers - not the ones that will earn the estate agent a introducer fee or meet his conveyancing figures set by corporate headquarters.
Do you have any top tips for leasehold conveyancing in Potters Bar from the perspective of saving time on the sale process?
- A significant proportion of the delay in leasehold conveyancing in Potters Bar can be avoided where you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold documentation which will be required by the purchasers’ conveyancers. If you hold a share in a the freehold, you should make sure that you are holding the original share document. Obtaining a new share certificate is often a lengthy formality and slows down many a Potters Bar conveyancing transaction. If a reissued share is needed, do contact the company director and secretary or managing agents (if applicable) for this as soon as possible. If you have had conflict with your freeholder or managing agents it is very important that these are settled before the property is put on the market. The purchasers and their solicitors will be reluctant to purchase a flat where a dispute is unresolved. You may need to swallow your pride and pay any arrears of service charge or resolve the dispute prior to completion of the sale. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose particulars of the dispute to the purchasers, but it is clearly preferable to reveal the dispute as over rather than unsettled. If you have carried out any alterations to the property would they have required Landlord’s permission? In particular have you laid down wooden flooring? Potters Bar leases often stipulate that internal structural changes or laying down wooden flooring require a licence issued by the Landlord consenting to such changes. Where you dont have the paperwork in place do not contact the landlord without contacting your solicitor in advance. A minority of Potters Bar leases require Landlord’s consent to the sale and approval of the buyers. If this applies to your lease, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference should make it clear that the buyer is financially capable of paying the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the buyers or their lawyers.
After years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Potters Bar. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to judgment on the price.
An example of a Lease Extension matter before the tribunal for a Potters Bar residence 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 lease term was 76 years.