As someone unfamiliar with the Tottenham conveyancing process what’s the number one tip you can give me concerning the legal transfer of property in Tottenham
You may not hear this from too many lawyers but conveyancing in Tottenham or throughout England and Wales is often a confrontational experience. In other words, when it comes to conveyancing there is an abundance of opportunity for friction between you and others involved in the ownership transfer. For instance, the seller, selling agent and sometimes your lender. Choosing a law firm for your conveyancing in Tottenham an important selection as your conveyancer is your adviser, and is the ONE party in the process whose interest is to act in your legal interests and to keep you safe.
There is a worrying ongoing adversarial element to conveyancing- someone has to be blamed for the process being so protracted. You your first instinct should be to trust your conveyancer above the other parties when it comes to the legal assignment of property.
I had intended to instruct a property lawyer in Tottenham for our home move. Our broker has since notified us that our mortgage lenders Accord Mortgages Ltd won't deal with them. Why is this not regarded as unduly restrictive?
A mortgage company can insist on an approved solicitor act for it. You would be liable to bear the cost of this. Do use our database to find a solicitor to conduct conveyancing in Tottenham on the Accord Mortgages Ltd approved list of solicitors.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Tottenham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here are examples of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Tottenham
Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a straight forward, chain free conveyancing. Tottenham is the location of the property. Can you offer any advice?
Flying freeholds in Tottenham are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Tottenham you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Tottenham may ascertain 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 property.
We're new to the buying process - had an offer accepted, but the property agent informed us that the seller will only issue a contract if we instruct the agent's chosen solicitors as they are insisting on an ‘expedited deal’. We would rather use a high street conveyancer with experience of conveyancing in Tottenham
We suspect that the seller is not behind this ultimatum. Should the vendor want ‘a quick sale', turning down a motivated buyer is likely to cause more damage than good. Contact the owners directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you do not need to sell (d) you intend to proceed fast (e)however you intend to instruct your preferred Tottenham conveyancing solicitors - not the ones that will earn their negotiator at the agency a referral fee or achieve conveyancing targets pre-set by HQ.
My husband is purchasing a leasehold flat in Tottenham. Conveyancing estimates are coming in at around £1700. Is that reasonable?
The average fee last year for conveyancing in Tottenham was £1,395 excluding Land Tax and Land Registry charges.