We see that you have a post code search directory identifying law firms on the Leeds Building Society conveyancing panel. Do firms pay you a referral fee if I appoint them for our own conveyancing in Stroud Green?
We are a listing service only for law firms wishing to communicate if they are on the Leeds Building Society conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Stroud Green.
I am considering applying for a Leeds Building Society mortgage for purchase of a new build (under development) in Stroud Green with 70% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Leeds Building Society ?
There is nothing to stop you using your solicitor, but Leeds Building Society will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
My solicitor has informed me that absentee landlord insurance is needed on my purchase. What is the typical level of cover needed for conveyancing in Stroud Green?
The appropriate level of absentee landlord indemnity insurance should be dictated by who your lender. It would differ for example between Santander and Leeds Building Society. Conveyancing solicitors as opposed to members of the public take out such policies.
I have today made my last payment due on my mortgage with Nottingham. I assume I don't need a Stroud Green property lawyer on the Nottingham panel to remove the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Nottingham mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Nottingham mortgage from the register. Nottingham, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Nottingham has sent the Land Registry the discharge electronically, and
- Nottingham has instructed the Land Registry to do so
I have a mortgage with HSBC for my property in Stroud Green. Conveyancing was finalised months ago. Should I wish to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform HSBC?
Your original mortgage agreement with HSBC will provide that you need their approval prior to renting your property as this is likely to be a breach of HSBC’s mortgage conditions. It may be that HSBC will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact HSBC directly. It should not be necessary to do this via a HSBC conveyancing panel firm.
What tools are available to identify a Stroud Green solicitor on the Chelsea Building Society conveyancing panel? I am a keen cyclist and am prepared to travel upto 20kilometers to meet the solicitor.
You can use the tool on this website. Please pick a bank and your location and you will see a number of Stroud Green conveyancing lawyers locally. We have listed some Stroud Green conveyancing firms towards the end of this page and you can ring them to check whether they are on the Chelsea Building Society member panel
I am looking at a couple of flats in Stroud Green both have in the region of 50 years unexpired on the lease term. Do I need to be concerned?
There are no two ways about it. A leasehold apartment in Stroud Green is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the value of the premises. The majority of buyers and mortgage companies, leases with under eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a residence with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Stroud Green conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I am the registered owner of a ground-floor 1950’s flat in Stroud Green. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
Most definitely. We can put you in touch with a Stroud Green conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal 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 term was 71 years.
Been reading online that Stroud Green solicitors are more expensive than licensed conveyancers in Stroud Green when it comes to buying a property. Am I better off using a conveyancer or a solicitor where I am buying for my home move in Stroud Green.
When it comes to conveyancing in Stroud Green the costs are unlikely to vary dramatically depending on whether the legal expert is a licenced conveyancer or solicitor.