I am under pressure from the owner of a property in Seven Kings to complete within four weeks. What can I do to quicken up the legal process?

First, If the seller is applying a tight deadline to complete it is highly recommended that your conveyancer is familiar with the area as they will make use of local connections and intelligence. It is possible that they could have transacted previoushomes in the same neighbourhood. Therefore consider using a Seven Kings conveyancing firm. Second, be sure that the lawyer is on the on the approved list for your mortgage company. It is believed that just under twenty per cent of Seven Kings conveyancing deals are held up or jeopardised after finding out that a purchaser’s lawyer was not on their mortgage lender’s member panel. This can often result in the transaction being held up by an average of 21 days. It is believed that this issue impacts in the region of 100,000 home moves every year. Many Seven Kings conveyancing practices can not act for certain mortgage companies so do check at the outset.

How does conveyancing in Seven Kings differ for newly converted properties?

Most buyers of new build residence in Seven Kings approach us having been asked by the builder to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Seven Kings typically buy the site, 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 conveyancing solicitors 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 used to new build conveyancing in Seven Kings or who has acted in the same development.

Due to the advice of my in-laws I had a survey completed on a property in Seven Kings in advance of instructing lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not issue a loan on such a property.

It depends who your proposed lender is. HSBC has different requirements from Nationwide. Should you wish to telephone 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 Seven Kings. Conveyancing will be smoother if you use a solicitor in Seven Kings especially if they regularly deal with such properties in Seven Kings.

Having had my offer accepted I require leasehold conveyancing in Seven Kings. Before I get started I require certainty as to the number of years remaining on the lease.

Assuming the lease is registered - and most are in Seven Kings - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

My wife and I have hit a brick wall in seeking a lease extension in Seven Kings. Can the Leasehold Valuation Tribunal adjudicate on premiums?

in cases where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to determine the price.

An example of a Lease Extension case for a Seven Kings flat is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case was in relation to 1 flat. The unexpired term was 61.36 years.

Is there a difference between surveying and conveyancing in Seven Kings?

Conveyancing - in Seven Kings or elsewhere - is the process of legally transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you are buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for reducing the price down or asking the vendor to fix the defects before you complete your move.