We are selling our home in Waltham Cross. Will my conveyancer have to be on the Barclays conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
Me and my brother have a semi-detached Victorian house in Waltham Cross. Conveyancing practitioner acted for me and TSB. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Waltham Cross and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing practitioner who completed the work.
I have been on the look out for a flat up to £195,000 and found one round the corner in Waltham Cross I like with amenity areas and station in the vicinity, however it's only got 51 years on the lease. I can't really find anything else in Waltham Cross suitable, so just wondered if I would be making a grave error acquiring a short lease?
Should you require a mortgage the shortness of the lease may be a potential deal breaker. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
My husband and I are 17 days into a residential purchase having been referred to a firm by the local agent to handle our conveyancing in Waltham Cross. I am am extremely disappointed with the level of service. Can you you assist me in finding new conveyancers?
A lawyer would have to be really bad to suggest changing them. Has your mortgage offer been sent? If so you need to make them aware of the replacement solicitor and ensure the loan are re-issued. Your solicitor ideally should be on the mortgage company panel to avoid added expenses and frustration. So that should be your starting point. The find a solicitor tool will help you find a lender approved lawyer for your home move in Waltham Cross
I have recently realised that I have Fifty years unexpired on my lease in Waltham Cross. I now want to extend my lease but my freeholder is absent. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. You will be obliged to prove that you have done all that could be expected to find the lessor. On the whole a specialist may be useful to carry out a search and to produce an expert document to be accepted by the court as proof that the freeholder is indeed missing. It is wise to seek advice from a conveyancer in relation to investigating the landlord’s absence and the vesting order request to the County Court overseeing Waltham Cross.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Waltham Cross conveyancing firm to assist?
You certainly can. We can put you in touch with a Waltham Cross conveyancing firm who can help.
An example of a Vesting Order and Purchase of freehold decision for a Waltham Cross property is Ground Floor Flat 4A Baronet Road in February 2010. Following a vesting order by Edmonton County Court on 23rd December 2008 (case number 8ED064) the Tribunal decided that the price that the Applicant for the freehold interest should pay is £8,689.00 This case related to 2 flats. The remaining number of years on the lease was 80.01 years.
I am just shy of a 10% deposit on my flat purchase in Waltham Cross , but I am anxious go ahead. What can I do?
One option is to try and accept a lower deposit. Many vendors will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second