I am the single beneficiary of my late father’s will with all property in now in my sole name, including the my former home in East Finchley. Conveyancing formalities meant that the Land Registry date was in March. I want to move. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership may be treated the same way as though I had purchased the property in March. Is the property unsalable for six months?
The CML handbook requires solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you could be impacted by that. Most mortgage companies would take a pragmatic view as this clause chiefly exists to pick up on subsales or the quick reselling of property.
We were going to get a OIP from Lloyds this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Lloyds recommend any East Finchley solicitors on the Lloyds conveyancing panel, or is it better to go independently?
You will need to appoint East Finchley solicitors independently although you'll need to choose one on the Lloyds conveyancing panel. The solicitor represents both you and Lloyds through the process.
About to purchase maisonette in East Finchley. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the UBS conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the East Finchley conveyancing practitioner is on the UBS conveyancing panel.
Are there restrictive covenants that are commonly identified during conveyancing in East Finchley?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in East Finchley. 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…’
How does conveyancing in East Finchley differ for new build properties?
Most buyers of new build residence in East Finchley come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because new home sellers in East Finchley typically purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in East Finchley or who has acted in the same development.
I only have 72 years left on my flat in East Finchley. I now want to get lease extension but my landlord 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 apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to prove that you or your lawyers have used your best endeavours to locate the landlord. In some cases a specialist may be helpful to conduct investigations and prepare an expert document which can be used as proof that the landlord is indeed missing. It is wise to seek advice from a solicitor both on proving the landlord’s absence and the vesting order request to the County Court overseeing East Finchley.
We have reached the end of our tether in trying to purchase the freehold in East Finchley. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a East Finchley conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a East Finchley premises is Ground Floor 110 Station Road in June 2013. The Tribunal found that the premium payable for a lease extension should be £31,665. This case related to 1 flat. The unexpired term as at the valuation date was 56.65 years.
My wife and I are searching for an affordable conveyancing solicitor in East Finchley to assist me in selling my place. I I am concerned about being overcharged but with lots of East Finchley conveyancing solicitors out there...who do I opt for?
To fee estimates for your move from the conveyancing firms that offers services in East Finchley please make the most of our quote tool.