Last September we completed a house move in Shacklewell. We have noticed several problems with the property which we suspect were overlooked in the conveyancing searches. What action can we take? What searches should? have been ordered for conveyancing in Shacklewell?
It is not clear from the question as to the nature of the problems and if they are relate to conveyancing in Shacklewell. Conveyancing searches and investigations initiated during the buying process are carried out to help avoid problems. As part of the legal transfer of property, a property owner answers a form known as a SPIF. If the information is incorrect, you could possibly take legal action against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Shacklewell.
I am about to put a bid on a leasehold flat in Shacklewell. The estate agents assure me that it is the norm for flats in Shacklewell to have less than 75 years left on the lease. I am obtaining a loan with Chelsea Building Society. Will the property be mortgageable given that the lease has 72 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 25/11/2019 the requirements read as follows :
I require fast conveyancing in Shacklewell as I am under an ultimatum to sign on the dotted line inside one month. Fortunately I do not require a mortgage. Can I decline from having conveyancing searches to save fees and time?
As you are are a cash buyer you have the choice not to do searches although no law firm would recommend that you don't. With plenty of history conveyancing in Shacklewell the following are examples of issues that can crop up and therefore impact future mortgageability: Enforcement Actions, Outstanding Charges, Outstanding Grants, Unadopted Roads,...
I am purchasing a new build house in Shacklewell with the aid of help to buy. The sellers refused to reduce the price so I negotiated 6k of additionals instead. The sale representative suggested that I not inform my lawyer about this extras as it could affect my mortgage with Virgin Money. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have just started marketing my basement flat in Shacklewell. Conveyancing solicitors are to be appointed soon, but I have recently had a half-yearly maintenance charge demand – Do I pay up?
The sensible thing to do is discharge the invoice as usual given that all rents and service payments will be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until 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. This will smooth the conveyancing process.
After months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Shacklewell. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to calculate the amount due.
An example of a Lease Extension decision for a Shacklewell flat is 5C Stoke Newington Road in April 2010. the Tribunal therefore concludes that the premium to be paid for the extended lease is £700.00 This case was in relation to 1 flat. The unexpired term as at the valuation date was 80.5 years.
Being a tenant I am liable for a maintenance fee for my appartment in Shacklewell. As a result of personal circumstances I slipped behind with remittance. The managing agents agreed a settlement plan but there remains approximately £1750 due in arrears.
I now wish to sell and I am worried this will hold me back if I have to settle the arrears in advance. Do I have to settle before - is this viable?
The conveyancer dealing with your Shacklewell sale should be in a position to negotiate with the management company, with a new to seeing if they would accept settlement from completion monies. Here is indicative of why it might be good to use a conveyancer in Shacklewell as they are likely to enjoy a strong line of communication with the management company.
