This question may be naive but I am new to the house moving as a first time purchaser of a ground floor flat in Seven Sisters. Do I collect the keys to the house on the completion date from my solicitor? If so, I will instruct a local conveyancing solicitor in Seven Sisters?
On the day of completion you will not be required to go to the conveyancers office in Seven Sisters. Your solicitors will electronically transfer the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you should be invited to pick up the keys from the property Agents and start moving into the property. This tends to happen early afternoon.
We are purchasing a terrace house in Seven Sisters. Our aim is to carry out an extension to the side at the house.Will legal work on the property involve checks to ascertain if these works are allowed?
Your property lawyer should check the registered title as conveyancing in Seven Sisters can occasionally reveal restrictions in the title documents which prevent categories of changes or need the consent of another owner. Many extensions require local authority planning permissions and approval in compliance with building regulations. Many areas are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. It would be sensible to check these issues with a surveyor before you commit yourself to a purchase.
Is it the case that all Seven Sisters solicitor practices on the HSBC conveyancing panel are governed by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the HSBC approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Some mortgage companies do list licenced conveyancers on their panel in which case such practice would be governed by the CLC.
How does conveyancing in Seven Sisters differ for newly converted properties?
Most buyers of new build or newly converted property in Seven Sisters come to us having been asked by the builder to exchange contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Seven Sisters 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 accustomed to new build conveyancing in Seven Sisters or who has acted in the same development.
I have been on the look out for a flat up to £195,000 and found one near me in Seven Sisters I like with a park and station in the vicinity, the downside is that it's only got 52 years on the lease. There is not much else in Seven Sisters in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
I need to instruct a conveyancing solicitor for my conveyancing in Seven Sisters. I've stumble across a site which appears to be the ideal offering If there is a chance to get all formalities completed via web that would be preferable. Do I need to be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just had an offer accepted on an apartment in Seven Sisters and the mortgage adviser that we are dealing with recommended his conveyancer. They quoted £1000 plus VAT and 3rd party costs. Does this sound expensive?
Don't just go on a single quote. You should seek like-for-like quotes for your conveyancing in Seven Sisters. Then choose one that you are comfortable with and just as important, is on the approved list of the lender that you are sourcing your mortgage from.