I was recommended to a solicitor who has given a fee estimate just over a thousand pound for freehold conveyancing in Tottenham Hale. I am looking to sell a purpose built house for £300,000. This sounds too much. Is it above the average fee for conveyancing in Tottenham Hale?
The charges are a little high. If you shop around you may be able to shave off some of the expense by say £100 plus VAT. That being said, you mightlive to regret opting for an a cheaper conveyancer. Remember to ensure that the solicitor can also act for your bank. You can employ our search tool to find a Tottenham Hale conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Tottenham Hale.
My husband and I are only a couple days away from an exchange on a property in Tottenham Hale and my mum and dad have sent the ten percent deposit to my lawyer. I am now informed that as the deposit has not come from me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I advised the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
Your property lawyer is obliged to check with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your bank if you agree, failing which, your lawyer must cease to continue acting.
When it comes to lenders such as Clydesdale, do Tottenham Hale property lawyers have to pay a yearly amount to be on the list of approved solicitors?
We are unaware of any lender fees to register on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.
is it true that all Tottenham Hale solicitor firms on the Yorkshire BS conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Yorkshire BS approved list of solicitors they would need to be governed by the SRA. The majority of banks do list licenced conveyancers on their panel and in such a situation the organisation would be overseen by the Council of Licensed Conveyancers.
Intending to buy a maisonette in Tottenham Hale. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Skipton conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Tottenham Hale solicitor is on the Skipton conveyancing panel.
I require expedited conveyancing in Tottenham Hale as I am faced with a deadline to complete inside 3 weeks. A home loan is not required. Can I decline from having conveyancing searches to save money and time?
If.Given you are not getting a mortgage you have the choice not to have searches conducted although no solicitor would advise that you don't. With plenty of history conveyancing in Tottenham Hale the following are instances of what can show up and adversely impact future saleability: Refused Planning Applications, Overdue Fees, Overdue Grants, Road Schemes,...
My wife and I have a 4 bedroom Edwardian house in Tottenham Hale. Conveyancing solicitor represented me and Britannia. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the exact same property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Tottenham Hale and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing lawyer who carried out the work.
I am tempted by the attractive purchase price for a two apartments in Tottenham Hale which have in the region of fifty years left on the leases. Should I regard a short lease as a deal breaker?
There is no doubt about it. A leasehold apartment in Tottenham Hale is a deteriorating asset as a result of the reducing lease term. The closer the lease gets to its expiry date, the more it reduces the salability of the premises. The majority of buyers and mortgage companies, leases with less than eighty years become less and less attractive. 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 property 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 Tottenham Hale 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. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new 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.
After years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Tottenham Hale. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to judgment on the amount due.
An example of a Freehold Enfranchisement matter before the tribunal for a Tottenham Hale flat 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 term was 74.13 years.