My wife and I are buying a newly built apartment in Muswell Hill and my solicitor is telling me that she is duty bound to the bank to reveal incentives from the builder. The Estate Agents are hassling me to exchange contracts and I don't want to prolong the conveyancing. Is my lawyer right?
You should not exchange unless you have been advised to do so by your conveyancer. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook conditions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
Our mortgage company has suggested solicitors on their panel based in Muswell Hill but I would rather instruct a conveyancing lawyer in Muswell Hill or nearer to where I live. Are you able to help?
Far from all Muswell Hill conveyancing firms are on all lender’s conveyancing panel. Use our search tool to choose a Muswell Hill conveyancing conveyancer on the on the mortgage company panel.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Muswell Hill is where the house is located. Is there any guidance you can impart?
Flying freeholds in Muswell Hill are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Muswell Hill you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Muswell Hill may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Is there anything unique about your site and alternative online quote calculators for conveyancing in Muswell Hill?
At this site get an accurate costs illustration via a Solicitor or Licensed Conveyancer that appreciates the nuances of your conveyancing in Muswell Hill. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you appoint them for your property ownership legalities in Muswell Hill
Can you provide any top tips for leasehold conveyancing in Muswell Hill with the purpose of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Muswell Hill can be bypassed if you instruct lawyers as soon as your agents start advertising the property and ask them to put together the leasehold documentation needed by the buyers’ solicitors. You may think that you are aware of the number of years left on your lease but you should verify this by asking your lawyers. A purchaser's lawyer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is under 80 years. It is therefore important at an early stage that you consider whether the lease for your property needs extending. If it does, contact your solicitors before you put your home on the market for sale. If you have carried out any alterations to the residence would they have required Landlord’s permission? In particular have you installed wooden flooring? Muswell Hill leases often stipulate that internal structural alterations or installing wooden flooring calls for a licence from the Landlord approving such changes. Where you dont have the paperwork to hand do not communicate with the landlord without contacting your solicitor in the first instance. If you have the benefit of shareholding in the Management Company, you should ensure that you have the original share document. Organising a duplicate share certificate is often a lengthy formality and frustrates many a Muswell Hill home move. If a new share is required, you should approach the company director and secretary or managing agents (where applicable) for this at the earliest opportunity.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Muswell Hill conveyancing firm to act on my behalf?
if there is a absentee freeholder or where 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 Leasehold Valuation Tribunal to assess the price.
An example of a Lease Extension decision for a Muswell Hill property is Flat B 10 Grove Avenue in October 2013. Following a vesting order Clerkenwell and Shoreditch County Court 3rd July 2013 The tribunal determines that the premium payable for the lease extension was £36,215.00 This case affected 1 flat. The unexpired term was 65.21 years.