Do I need to take out insurance to cover chancel repairs when purchasing a property in Seven Sisters?
Unless a prior purchase of the house took place post 12 October 2013 you may expect conveyancing practitioners carrying out conveyancing in Seven Sisters to continue to propose a a chancel search and or chancel repair liability insurance.
How does conveyancing in Seven Sisters differ for new build properties?
Most buyers of new build residence in Seven Sisters contact us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because new home sellers in Seven Sisters typically acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Seven Sisters or who has acted in the same development.
I decided to have a survey completed on a property in Seven Sisters before instructing lawyers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies tend not grant a loan on such a house.
It varies from the lender to lender. Santander has different instructions from Halifax. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Seven Sisters. Conveyancing may be slightly more expensive based on your lender's requirements.
My father has recommend that I appoint his lawyers for conveyancing in Seven Sisters. Should I find my own conveyancer?
Much as we are happy to recommend a Seven Sisters conveyancing lawyer the ideal way to select a conveyancing practitioner is to get referrals from friends or relatives who have actually previously instructed the firm you're contemplating using.
I’m about to sell my basement flat in Seven Sisters. Conveyancing is yet to be initiated, but I have recently had a half-yearly service charge demand – Do I pay up?
The sensible thing to do is pay the invoice as you normally would because all rents and service invoices should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Seven Sisters conveyancing firm to help?
Where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to arrive at the price.
An example of a Freehold Enfranchisement decision for a Seven Sisters premises is 22 Wakefield Road in January 2012. Following a vesting order Clerkenwell and Shoreditch County Court under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993 on 9th May 2011 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £17,400 This case related to 2 flats. The unexpired lease term was 74.13 years.
My brother-in-law has suggested I instruct a conveyancing solicitor in Seven Sisters. I I would like to check if they are listed on the lender's conveyancing panel. Could you or the lender confirm if they are on the panel?
One option is to call your conveyancer to check if they are on the lender's panel. If that does not help get in touch with us and we can investigate and revert. Should the firm not be on the conveyancing panel we we can help find a specialist conveyancing solicitor in Seven Sisters on the panel for your mortgage company.