I have given 2 months notice to my current landlord and must vacate my let out property in Stamford Hill by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in three weeks as I wish to avoid having to find short term accommodation?
Generally one should not provide notice for your tenancy unless your lawyer suggests that you should. If you have not already done so, speak to your conveyancer and ask them to they seek the assistance the owners side, try to a target completion date that all parties will look towards
I am considering applying for a TSB mortgage for purchase of a new build (under development) in Stamford Hill with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for TSB ?
There is nothing to stop you using your solicitor, but TSB will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
I am helping my sister sell her flat in Stamford Hill. Does the solicitor commission the EPC or it is for the owner to see to?
After the demise of Home Information Packs, EPC’s was maintained a required element of moving property. An EPC must be commissioned in advance of the property being placed on the market. It is not something that lawyers normally arrange. Where you are using a Stamford Hill conveyancing lawyer they might be willing to arrange energy assessments given their contacts with reputable Stamford Hill assessors
My uncle informed me that in buying a property in Stamford Hill there may be various restrictions prohibiting external alterations to a property. Is this right?
We are aware of a number of properties in Stamford Hill which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Stamford Hill should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am selling my house. I had a double glazing fitted in February 2008, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Aldermore are being pedantic. The Stamford Hill solicitor who is on the Aldermore conveyancing panel is recommending indemnity insurance as a solution but Aldermore are requiring a building regulation certificate. Why do Aldermore have a conveyancing panel if they don't accept advice from them?
It is probably the case that Aldermore have referred the matter to their valuer. The reason why Aldermore may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Me and my brother have a renovated Georgian property in Stamford Hill. Conveyancing practitioner represented me and HSBC Bank. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stamford Hill and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing lawyer who completed the work.
I am purchasing my first flat in Stamford Hill with a loan from Britannia. The sellers would not move on the price so I negotiated five thousand pounds worth of additionals instead. The house builders rep advised me not to tell my lawyer about this side-deal as it would adversely affect my mortgage with Britannia. Do I keep my lawyer in the dark?.
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 am tempted by the attractive purchase price for a two apartments in Stamford Hill which have in the region of forty five years unexpired on the lease term. should I be concerned?
A lease is a right to use the property for a prescribed time frame. As the lease shortens the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. For this reason it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this arena.
I am the registered owner of a two-bedroom flat in Stamford Hill. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Absolutely. We are happy to put you in touch with a Stamford Hill conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Stamford Hill property is Flat 25, Stamford Hill Mansions Stamford Hill in April 2010. The Tribunal therefore determined that the premium to be paid by the lessee to the freeholder for the extension of the lease should be £28,984.00 This case was in relation to 1 flat. The unexpired term as at the valuation date was 59 years.