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Recently asked questions about conveyancing in Haggerston

About to purchase a new build flat in Haggerston. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.

Here is a sample of a selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Haggerston

    Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.

Due to the input of my in-laws I had a survey completed on a property in Haggerston ahead of appointing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some banks will not issue a mortgage on such a property.

It depends who your proposed lender is. Bank of Scotland has different requirements from Halifax. Should you wish to call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Haggerston. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Haggerston to see if the conveyancing will be more expensive.

I am looking into buying my first house which is in Haggerston and I am already nervous. I couldn't find anything specific about Haggerston. Conveyancing will be needed in due course but do you know about the Haggerston area? or perhaps some other tips you can share?

Rather than looking online forget looking online you should go and have a look at Haggerston. In the meantime here are some basic statistics that we found

Am I better off to use a Haggerston conveyancing lawyer in close proximity to the house I am purchasing? I have an old university friend who can handle the legal formalities but his firm is located over three hundred kilometers away.

The primary upside of using a local Haggerston conveyancing practice is that you can drop in to execute documents, hand in your ID and pester them where appropriate. They will also have local knowledge which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If if people you trust used your friend and the majority were content that must trump using an unknown Haggerston conveyancing solicitor just because they are round the corner.

Estate agents have just been given the go-ahead to market my basement flat in Haggerston. Conveyancing lawyers have not yet been instructed, but I have just received a yearly service charge demand – Do I pay up?

It best that you discharge the invoice as normal because all ground rent and service payments will be apportioned on completion, so you should recover the relevant percentage by the purchaser 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. Having a clear account will assist your cause and will leave you no worse off financially.

I have given up negotiating a lease extension in Haggerston. Can the Leasehold Valuation Tribunal adjudicate on premiums?

in cases where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the amount due.

An example of a Lease Extension decision for a Haggerston residence is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The unexpired term was 72.39 years.

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Find out more about how flying freehold can affect your the value of a property.