It has come to my attention via my mortgage broker that my Tottenham Green property lawyer is not on the mortgage company Solicitor panel. What can I do to be sure if this is correct?
Your first step should be to contact your Tottenham Green lawyer directly. You lawyer should inform you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
It is 10 years ago since I purchased my property in Tottenham Green. Conveyancing lawyers have recently been instructed on the sale but I can't track down the title documents. Will this cause complications?
You need not be too concerned. Firstly there is a possibility that the deeds will be with your lender or they could be archived with the conveyancers who oversaw your purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to prove you are the registered owner by your conveyancing lawyers procuring up to date copy of the land registers. The vast majority of conveyancing in Tottenham Green involves registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
I am purchasing a new build house in Tottenham Green with a mortgage from TSB. The sellers refused to budge the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not inform my lawyer about this extras as it could jeopardize my mortgage with TSB. 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 am looking for a leasehold apartment up to £245,000 and identified one near me in Tottenham Green I like with open areas and station nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Tottenham Green in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years may be an issue. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
My company is looking to take over a lease of an office on a shopping parade. Can you recommend solicitors offering fixed costs for commercial conveyancing in Tottenham Green for below £2000?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Tottenham Green, including the sale and purchase of businesses as well as simply premises. If you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we can put you in touch with the right lawyer. As for the fees this will depend on the structure and complexity of the deal. Let us have your contact information or phone so as to enable us to supply you with comprehensive commercial conveyancing calculation.
I today plan to offer on a house that seems to meet my requirements, at a reasonable price which is making it more attractive. I have just found out that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Tottenham Green. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Tottenham Green ?
The majority of houses in Tottenham Green are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Tottenham Green in which case you should be looking for a Tottenham Green conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’spermission to conduct changes to the property. It may be necessary to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your conveyancer will appraise you on the various issues.
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Tottenham Green conveyancing firm to assist?
if there is a missing freeholder or if there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the LVT to calculate the price.
An example of a Freehold Enfranchisement matter before the tribunal for a Tottenham Green residence is 22 Wakefield Road in January 2012. Following a vesting order Clerkenwell and Shoreditch County Court under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993 on 9th May 2011 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £17,400 This case affected 2 flats. The unexpired residue of the current lease was 74.13 years.