I am considering applying for a Aldermore mortgage for purchase of a newly converted (under development) in Stroud Green with 65 per cent loan to value. Is it compulsory to choose a solicitor on the conveyancing panel for Aldermore ?
There is nothing to stop you using your solicitor, but Aldermore will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
I'm buying a new build house in Stroud Green benefiting from help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The estate agent advised me not inform my conveyancer about this side-deal as it will put at risk my loan with HSBC Bank. 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 been on the look out for a ground for flat up to £235,500 and found one round the corner in Stroud Green I like with open areas and station nearby, the downside is that it's only got 61 years unexpired on the lease. I can't really find anything else in Stroud Green for this price, so just wondered if I would be making a grave error buying a short lease?
If you require a home loan the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you can ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this.
In what way does the Landlord & Tenant Act 1954 affect my business property in Stroud Green and how can you help?
The 1954 Act gives security of tenure to commercial tenants, giving them the a statutory right to apply to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complex. Fees are different for commercial conveyancing. Stroud Green is one of the many locations in which our lawyers are located
I have been sourcing a conveyancing lawyer in Stroud Green for my purchase. Is it possible to see a firm’s record with the profession’s regulator?
Anyone may find presented Solicitor Regulator Association (SRA) decisions resulting from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a solicitors history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. For non-uk callers, dial +44 (0)121 329 6800. The regulator may recorded call for training requirements.
Planning to complete next month on a garden flat in Stroud Green. Conveyancing lawyers have said that they report fully within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Stroud Green should include some of the following:
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The landlord’s rights to access the flat. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Alterations to the premises What you can do if another leaseholder in the building is in violation of a provision in their lease? Are you allowed to have a pet in the flat?
Despite our best endeavours, we have been unsuccessful in trying to purchase the freehold in Stroud Green. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We are happy to put you in touch with a Stroud Green conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Stroud Green property is 51 Lorne Road in November 2009. The price Payable as decided by the tribunal for the freehold reversion was £27,000. The valuation follows the order of the County Court made on 3 April 2008 granting a vesting order. This case related to 1 flat. The unexpired residue of the current lease was 71 years.