Having been recommended your organisation we were going to go ahead with a conveyancing solicitor in Tufnell Park found on your site but have come across alternative estimates on the internet seem less expensive – why is this?
You can find numerous conveyancing organisations advertising supposedly cut-price conveyancing, unfortunately it’s common in such cases for supplementalcharges result in the completion fee being escalated. Solicitors are duty bound to ensure charges contained in terms of business should be honest and reasonable and be applied The law firms that we put forward for conveyancing in Tufnell Park set out all legal fees for the property you intend tobuy.
I am the registered owner of a freehold house in Tufnell Park but still invoiced for rent, why is this and what is this?
It is rare for properties in Tufnell Park and has limited impact for conveyancing in Tufnell Park but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
Do commercial conveyancing searches reveal proposed roadworks that may impact a commercial land in Tufnell Park?
Its becoming the norm that commercial conveyancing solicitors in Tufnell Park will order a SiteSolutions Highways report as it reduces the time that conveyancers invest in looking into accurate data on highways that impact buildings and development assets in Tufnell Park. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Tufnell Park.
For each commercial conveyancing transaction in Tufnell Park it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately can cause delays to Tufnell Park commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Tufnell Park.
I have been on the look out for a ground for flat up to £235,500 and identified one round the corner in Tufnell Park I like with open areas and railway links nearby, however it's only got 61 years on the lease. There is not much else in Tufnell Park suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you require a mortgage that many years will be an issue. Reduce the price by the expected lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
We are one month into a leasehold purchase having been directed to solicitors by the high street agent to do our conveyancing in Tufnell Park. We are not happy. Could you help me find new lawyers?
A lawyer would need to be very bad to suggest diss instructing them. Has the loan offer been issued? In the event that it has you must advise them of the new lawyer and get the offer are re-issued. Your new solicitor ideally needs to be on the lenders approved list to avoid escalating fees and delays. That should be your first question of the new solicitors. The find a solicitor tool can help you find a lender approved lawyer for your home move in Tufnell Park
My husband and I are planning to purchase a 2 room apartmentin Tufnell Park with a mortgage from a lender. We like our solicitor in Tufnell Park however our mortgage company says she’s not approved on their "panel". We have to appoint one of the our lender panel solicitors or keep our Tufnell Park conveyancer and incur the extra fees for one of their panel ones to represent our bank. This seems very unfair; Can we not simply insist that our lender use our Tufnell Park lawyer?
No, not really. The mortgage company mortgage offered to you is subject to conditions, one of which will be that solicitors will on the bank's conveyancing panel. Until recently, most banks had open panels, including almost all conveyancing solicitors in Tufnell Park : a mortgagee could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your lawyer to apply to be on the conveyancing panel for your mortgage company.