Finally the sale completed on my house in Upper Clapton last February but our buyer keeps whats apping every few hours to moan that his conveyancer needs to hear from mine. What are the post completion sale legalities now that I have sold?
Post completion of your sale your solicitor should forward the transfer documentation and all additional paperwork to the buyer’s lawyers. Depending on the transaction, your conveyancer should also confirm that the mortgage has been repaid to the buyers lawyers. There are no post completion steps unique to conveyancing in Upper Clapton.
This question may be naive but I am new to the home moving as a 1st time buyer of a ground floor flat in Upper Clapton. Do I receive the keys to the property on completion from my lawyer? If so, I will instruct a High Street conveyancing solicitor in Upper Clapton?
On the day of completion you do not need to go to the conveyancers office in Upper Clapton. Your solicitors will arrange to send the completion advance to the vendor’s solicitors, and shortly after the monies have arrived, you will be invited to receive the keys from the property Agents and start moving into the property. Usually this happens early afternoon.
I am currently in the process of buying my council flat in Upper Clapton. I have a mortgage agreed with TSB. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with TSB, you will need to appoint a solicitor on the TSB conveyancing panel.
After months of negotiation I have agreed a price on a house in Upper Clapton. My mortgage broker pressured me to appoint their conveyancer. I paid an upfront payment of £225. A couple of days later, the solicitor contacted me to say that they were not on the Nottingham conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Nottingham panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
A colleague advised me that where I am buying in Upper Clapton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is sometimes included in the estimate for your Upper Clapton conveyancing searches. It is not a small document of more than thirty pages, listing and setting out important information about Upper Clapton around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Upper Clapton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Local Education with maps and statistics, Local Amenities and other useful information concerning Upper Clapton.
Are there restrictive covenants that are commonly picked up during conveyancing in Upper Clapton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Upper Clapton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I need to retain a conveyancing solicitor for remortgage conveyancing in Upper Clapton. I happened to discover a site which appears to be the ideal offering If it is possible to get all this stuff completed via web that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I am tempted by the attractive purchase price for a couple of flats in Upper Clapton which have in the region of 50 years left on the lease term. should I be concerned?
There is no doubt about it. A leasehold flat in Upper Clapton is a wasting asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it adversely affects the marketability of the premises. The majority of purchasers and mortgage companies, leases with less than 75 years become less and less attractive. On a more positive note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises 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 Upper Clapton conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed 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.
I am the registered owner of a garden flat in Upper Clapton. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
Most certainly. We can put you in touch with a Upper Clapton conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Upper Clapton property is Flat 25, Stamford Hill Mansions Stamford Hill in April 2010. The Tribunal therefore determined that the premium to be paid by the lessee to the freeholder for the extension of the lease should be £28,984.00 This case related to 1 flat. The remaining number of years on the lease was 59 years.