Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Hornsey?

There are two types of lawyers who can conduct conveyancing in Hornsey namely licenced conveyancers or solicitors. Both professionals handle the legal services that required to complete the disposal or acquisition of property. They are both duty bound to conduct Hornsey conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be professionally carried out and that all requisite procedures will be suitably followed.

I am being told by my conveyancer that missing deeds insurance is required on my purchase. What is the level of cover for Hornsey conveyancing?

The right level of missing deeds indemnity insurance depends on who your lender is. It would differ for example between Santander and The Mortgage Works. Conveyancing practitioners as opposed to members of the public take out such insurances.

I'm spending time looking at houses in Hornsey and I am about to put in an offer. Is it best to have a conveyancer on ‘stand by’? I am planning to take a home loan with Santander.

You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and pass their contact information on to the EA. As you are getting a mortgage with Santander, make sure you remember to check that your lawyer is on the Santander conveyancing panel.

I am looking for a ground for flat up to £305k and found one close by in Hornsey I like with amenity areas and railway links in the vicinity, however it only has 61 remaining years left on the lease. I can't really find anything else in Hornsey in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?

If you require a home loan the shortness of the lease will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.

My brother has suggested that I instruct his lawyers for conveyancing in Hornsey. Should I use them?

Much as we are happy to recommend a Hornsey conveyancing lawyer the ideal way to select a conveyancing solicitor is to seek guidance from friends or relatives who have actually used the solicitor you're are thinking of instructing.

What are your top tips when it comes to appointing a Hornsey conveyancing practice to carry out our lease extension conveyancing?

If you are instructing a solicitor for lease extension works (regardless if they are a Hornsey conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with two or three firms including non Hornsey conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:

How experienced is the practice with lease extension legislation? If the firm is not ALEP accredited then what is the reason?

Despite our best efforts, we have been unsuccessful in negotiating a lease extension in Hornsey. Can the Leasehold Valuation Tribunal adjudicate on premiums?

You certainly can. We are happy to put you in touch with a Hornsey conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a Hornsey flat is 7 Aubrey Road in December 2010. By an order of the county court on 15/12/2009 the freehold interest inthe Property known as 7 Aubrey Road London N8 9HH (the Property) and registered at HM Land Registry under title number MX439124 was vested in the applicants. The Tribunal calculated that the total enfranchisement premium, assessed in accordance with Schedule 6 to the Act, was £54,633. This case was in relation to 3 flats. The unexpired term was 73.27 years.

Myself and my wife have recently had an offer accepted on a apartment and had meeting on Tuesday with Leeds Building Society for the mortgage. They advised me that when it comes to choosing a lawyer that if they are not on their approved panel of property lawyers then we will incur an extra fee of £250+. This is because they would then have to appoint a property lawyer to act on their behalf as well as the one we appoint for ourselves and we will be on the hook for their invoice. I have asked Leeds Building Society to furnish me with a list so I can request quotes only from their approved solicitors but was told that I need to check with each individual conveyancer to see if they are on the panel. Is their an easier way of going about this?

Ask Leeds Building Society what their criteria for panel membership is for a solicitor.Then ask the conveyancer of your choice whether they fit that criteria and have they acted on loans for Leeds Building Society previously. Where the answer to those is yes, then just double check with Leeds Building Society. Alternatively please utilise our search facility and we should be able to find you a property lawyer in Hornsey on the approved list for Leeds Building Society.