I am in a contract race with another buyer for a property in Crouch End. What can I do to expedite matters?
First, If the seller is applying pressure for your conveyancing we would recommend that your conveyancer is familiar with the location as they will make use of local contacts and knowledge. It is possible that they would have transacted previoushouses in the same neighbourhood. You would be best advised to use a Crouch End conveyancing solicitor. In addition, be sure that the conveyancing firm is on the on the approved list for your mortgage company. It is believed that just under twenty per cent of Crouch End conveyancing transactions are frustrated or jeopardised after discovering a purchaser’s conveyancer was not on their banks panel. In many cases this discovery resulted in the home move being frustrated by almost 21 days. It is said that this issue affects in the region of one hundred thousand home sales every year. Many Crouch End conveyancing firms can not represent certain lenders so do check at the outset.
I am purchasing a new build house in Crouch End benefiting from help to buy. The builders refused to move on the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not reveal to my solicitor about the extras as it would impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am selling my home. My former lawyers have shut. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Crouch End if that makes a difference.
You should use our search tool to help you find a solicitor for your conveyancing in Crouch End. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
I only have 62 years left on my lease in Crouch End. I now wish to get lease extension but my freeholder is can not be found. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will mean that your lease can be extended by the magistrate. However, you will be required to demonstrate that you have made all reasonable attempts to find the landlord. On the whole a specialist may be useful to try and locate and prepare an expert document to be used as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer both on proving the landlord’s absence and the application to the County Court covering Crouch End.
I inherited a garden flat in Crouch End. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
Most certainly. We are happy to put you in touch with a Crouch End conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Crouch End property is Flat 2A 19 Shepherds Hill in June 2014. The tribunal concluded in accordance with section 48 and schedule 13 of the Leasehold Reform,Housing and Urban Development Act (the 1993 Act) that the premium payable in respect of the grant of a new lease for the Flat be £24,303 (twenty four thousand three hundred and three pounds) This case was in relation to 1 flat. The unexpired lease term was 67.85 years.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great price which is making it more attractive. I have since discovered that it's a leasehold as opposed to freehold. I would have thought that there are issues buying a house with a leasehold title in Crouch End. Conveyancing solicitors have are soon to be appointed. Will they explain the issues?
Most houses in Crouch End are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area can assist with the conveyancing process. it is apparent that you are buying in Crouch End so you should seriously consider shopping around for a Crouch End conveyancing solicitor and check that they have experience in advising on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be entirely free to do whatever you want with the house. The lease comes with conditions such as requiring the landlord’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the upkeep of the estate where the house is located on an estate. Your lawyer will report to you on the legal implications.