We are planning to acquire a flat and require a conveyancing solicitor in Seven Sisters who is on the HSBC conveyancing panel. Could you point me in the right direction as regards a firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for HSBC . We don't recommend any particular firms conducting conveyancing in Seven Sisters.
Do I need to pay for insurance to address the risk of chancel repairs when buying a property in Seven Sisters?
Unless a prior purchase of the property took place after 12 October 2013 you may expect solicitors carrying out conveyancing in Seven Sisters to continue to advocate a chancel search and or insurance against a claim.
I am buying a new build apartment in Seven Sisters. 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.
Set out below are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Seven Sisters
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. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I am attracted to a two apartments in Seven Sisters which have about 50 years unexpired on the lease term. should I be concerned?
A lease is a legal document that entitles you to use the premises for a period of time. As a lease gets shorter the marketability of the lease decreases and it becomes more expensive to extend the lease. This is why it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease as mortgage lenders less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We recommend you seek professional help from a solicitor and surveyor with experience in this arena.
I have had difficulty in seeking a lease extension in Seven Sisters. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the LVT to judgment on the price payable.
An example of a Freehold Enfranchisement decision for a Seven Sisters residence is 22 Wakefield Road in January 2012. Following a vesting order Clerkenwell and Shoreditch County Court under section 26 of the Leasehold Reform,Housing and Urban Development Act 1993 on 9th May 2011 the Tribunal decided that the price that the Applicant for the freehold interest should pay is £17,400 This case was in relation to 2 flats. The unexpired lease term was 74.13 years.
Being a tenant I am on the hook for a maintenance fee for my appartment in Seven Sisters. As a result of flawed financial planning I slipped into arrears with remittance. I negotiated a settlement plan but there is still in the region of £2000 currently due.
I am under pressure to sell and I am worried this could threaten to derail the sale if I have to settle the arrears now. Do I have to settle before - is this achievable?
Your lawyer will hopefully be able to negotiate with the management company, with a new to seeing if they would accept payment out of the completion monies. This is indicative of why it might be good to select a property lawyer in Seven Sisters as they may well have an established relationship with the parties.