When does exchange of contracts take place for residential conveyancing in Gospel Oak and do I need to be at the conveyancers branch?
If you are local to one of the conveyancing solicitors in Gospel Oak you are welcome to attend to sign documents. That being said, the firms we work with offer a nationwide conveyancing service and give as equally detailed and professional a job for you when communicating with you electronically. The signing of the property agreement is not when everything is set in stone. Signing on the dotted line is just a prerequisite for the firm to address the formalities when the time is right, which will usually be very shortly after signing. The procedure is nowadays normally dealt with by telephone and can be very rapid, although where an extended "chain" is involved, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Gospel Oak)to be in the office available at the end of the phone to exchange contracts.
I opted to have a survey done on a property in Gospel Oak prior to appointing lawyers. I have been told that there is a flying freehold overhang to the property. The surveyor advised that some mortgage companies will not give a mortgage on this type of home.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can investigate further with the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Gospel Oak. Conveyancing will be smoother if you use a solicitor in Gospel Oak especially if they are acquainted with such properties in Gospel Oak.
I'm converting the mortgage on my existing house to a BTL mortgage with National Westminster Bank and intend to use the remaining equity towards another property. The area we are talking about is Gospel Oak. Will your conveyancers be able to act for both sets of lenders and tie in the conveyances?
Make use of our comparison tool on this site to be sure that the solicitors are on the relevant lender panels. Assuming that they are your lawyer will be able to connect the two deals but you should talk with you solicitor and specify your expectations and requirements.
I have just appointed agents to market my basement apartment in Gospel Oak. Conveyancing is yet to be initiated, however I have recently had a quarterly service charge invoice – should I leave it to the buyer to sort out?
It best that you pay the service charge as usual because all rents and maintenance charges should be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
After years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Gospel Oak. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Gospel Oak conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Gospel Oak residence is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case affected 1 flat. The unexpired residue of the current lease was 64.77 years.
At what stage do I pay stamp duty payable for my house transaction in Gospel Oak?
The lawyer should complete a stamp duty return for you during your Gospel Oak purchase transaction for you to sign. After completion your conveyancing practitioner will submit your Land Transaction application to the Tax Authorities and - as long as they have the funds - settle any tax bill liability on your behalf.