It is 10 years ago since I bought my home in Woodside Park. Conveyancing lawyers have recently been retained on the sale but I am unable to track down the title deeds. Is this a major issue?
Don’t worry too much. First there is a possibility that the deeds will be kept by your lender or they may stored with the lawyers who acted in the purchase. Secondly the chances are that the title will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors acquiring up to date copy of the land registers. The vast majority of conveyancing in Woodside Park involves registered property but in the rare situation where your home is not registered it is more of a problem but is not insurmountable.
We're in Woodside Park, FTBs buying with a mortgage (lender is UBS , and our lawyer is on the UBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the UBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancing practitioner should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Woodside Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Woodside Park. 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 have been recommended by numerous selling agents in Woodside Park to choose a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to offer your services over and above a competitor’s?
We refuse to give any referral fee for sending work to this site. We thought it would be too underhand to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
My husband and I are 18 days into a residential purchase having been directed to a firm by the local agent to handle our conveyancing in Woodside Park. I am am very frustrated with the level of service. Could you help me find new lawyers?
A lawyer would have to be really bad in order to consider replacing them. Has the mortgage offer been generated? If so you must inform them of the replacement solicitor and have the mortgage documents are issued to the new lawyers. Your new conveyancer should be on the mortgage company approved list to avoid supplemental costs and frustration. That should be your starting point. Our search tool should assist you in finding a lender approved lawyer for your conveyancing in Woodside Park
I am looking at a two apartments in Woodside Park both have approximately 50 years remaining on the leases. Do I need to be concerned?
A lease is a right to use the property for a period of time. As the lease gets shorter the saleability of the lease deteriorates and results in it becoming more costly to acquire a lease extension. For this reason it is often a good idea to extend the lease term. It is often difficulties arise selling premises with a short lease because mortgage lenders may be unwilling to lend money on properties of this type. Lease enfranchisement can be a difficult process. We recommend you seek professional help from a solicitor and surveyor with experience in this field.
Following months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Woodside Park. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing freeholder or where there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the LVT to make a decision on the sum to be paid.
An example of a Lease Extension case for a Woodside Park property is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case related to 1 flat. The unexpired residue of the current lease was 76 years.