We wanted to use a conveyancing solicitor in Upper Clapton for our home move. Our financial adviser informed us that our mortgage company Clydesdale won't deal with them. Why is this not regarded as unfair competition?
A mortgage company can direct that a panel conveyancer act for it. You would be liable to bear the cost of this. Do use our directory service to get a quote from a solicitor to carry conveyancing in Upper Clapton on the Clydesdale approved list of solicitors.
I am buying a property and the solicitor has raised the issue of Chancel Repair for which the property may be obligated to pay as it falls into the area of such a church. She has mentioned insurance. Is this strictly required for conveyancing in Upper Clapton
Unless a prior purchase of the house completed after 12 October 2013 you may take it that conveyancing practitioners carrying out conveyancing in Upper Clapton to remain encouraging a chancel search and or chancel repair liability policy.
My wife and I own a renovated Georgian house in Upper Clapton. Conveyancing lawyer acted for me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold under the matching property. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Upper Clapton and other locations in 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 enquire as to the situation with the conveyancing practitioner who conducted the work.
I am buying a new build apartment in Upper Clapton. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Upper Clapton
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I opted to have a survey carried out on a house in Upper Clapton ahead of appointing solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some lenders tend refuse to grant a loan on such a house.
It depends who your proposed lender is. Lloyds has different requirements from Nationwide. Should you wish to call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Upper Clapton. Conveyancing will be smoother if you use a solicitor in Upper Clapton especially if they are accustomed to such properties in Upper Clapton.
Do you have any top tips for leasehold conveyancing in Upper Clapton with the aim of saving time on the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Upper Clapton can be reduced where you appoint lawyers as soon as your agents start advertising the property and ask them to collate the leasehold information needed by the buyers’ conveyancers. The majority of freeholders or managing agents in Upper Clapton charge for providing management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management information can be applied for on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most common reason for delay in leasehold conveyancing in Upper Clapton. In the event that you altered the property did you need the Landlord’s permission? Have you, for example installed wooden flooring? Upper Clapton leases often stipulate that internal structural changes or addition of wooden flooring necessitate a licence from the Landlord acquiescing to such changes. If you fail to have the paperwork in place you should not communicate with the landlord without checking with your solicitor in the first instance. You believe that you know the number of years remaining on your lease but you should double-check by asking your lawyers. A purchaser's lawyer will be unlikely to recommend their client to to exchange contracts if the remaining number of years is less than 75 years. It is therefore essential at an as soon as possible that you consider whether the lease term for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. A minority of Upper Clapton leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. The bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their solicitors.
I have had difficulty in seeking a lease extension in Upper Clapton. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We can put you in touch with a Upper Clapton conveyancing firm who can help.
An example of a Lease Extension case for a Upper Clapton premises 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 unexpired term as at the valuation date was 59 years.