As someone unfamiliar with the Temple Fortune conveyancing process what’s your top tip you can give me concerning the house moving process in Temple Fortune
Not many law firms or advisers will tell you this but conveyancing in Temple Fortune or throughout North London is an adversarial experience. Put another way, when it comes to conveyancing there exists lots of room for friction between you and other parties involved in the legal transfer of property. For instance, the seller, selling agent and even potentially the mortgage company. Appointing a solicitor for your conveyancing in Temple Fortune is a critical decision as your conveyancer is your adviser, and is the ONLY person in the transaction whose role it is to act in your best interests and to keep you safe.
Every so often a potential adversary will attempt to convince you that it is in your interests to do things their way. For example, the selling agent may claim to be assisting by suggesting your conveyancer is slow. Or your financial adviser may advise you to do take action that is contrary to your conveyancers advice. You should always trust your lawyer above all other parties in the conveyancing process.
Do I need to pay for insurance to protect me from financial exposure to chancel repairs when acquiring a property in Temple Fortune?
Unless a prior purchase of the house took place post 12 October 2013 you can take it that lawyers carrying out conveyancing in Temple Fortune to continue to propose a a chancel search and or insurance against a claim.
I've recently found out that there is a flying freehold element on a house I put an offer in two weeks back in what should have been a straight forward, no chain conveyancing. Temple Fortune is where the house is located. What do you suggest?
Flying freeholds in Temple Fortune are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Temple Fortune you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Temple Fortune may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
How can the Landlord & Tenant Act 1954 impact my commercial offices in Temple Fortune and how can you help?
The 1954 Act provides security of tenure to business lessees, giving them the dueness to apply to court for a new tenancy and remain in occupation at the end of an expired lease. There are limited grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act to your advantage and help with commercial conveyancing in Temple Fortune
I am a negotiator for a reputable estate agency in Temple Fortune where we have witnessed a few flat sales put at risk due to short leases. I have been given conflicting advice from local Temple Fortune conveyancing firms. Could you clarify whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
Following years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Temple Fortune. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Temple Fortune conveyancing firm who can help.
An example of a Lease Extension decision for a Temple Fortune property is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case affected 1 flat. The unexpired term was 76 years.
I was informed by my bank that their approved lawyers operate no completion no charge basis for conveyancing in Temple Fortune. I had a purchase fall through and now the lawyers have invoiced for search fees! They are claiming that the fees are nothing to do with their fees!
Temple Fortune conveyancing search fees are disbursements not legal fees as these are due to a third party.