I have given 8 weeks notice to my current landlord and have to leave my let out apartment in Woodside Park by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in 5 weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not give notice on a rental unless your lawyer suggests that you should. If you have not already done so, speak to your solicitor and urge them to they apply pressure on the sellers side, try to a target completion date that all parties will look to achieve
My uncle passed away six months ago and as sole heir and executor I was left the house in Woodside Park. The house had a small mortgage remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Lloyds, pay off the mortgage. Is this allowed?
Given you intend to refinance then Lloyds will insist on your using a conveyancer on the Lloyds conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Lloyds conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Lloyds mortgage is registered as a charge at the Land Registry.
Various online forums that I have come across warn that are the primary cause of obstruction in Woodside Park conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) has noted the determinations of research by MoveWithUs that conveyancing searches do not figure within the top 10 causes of delays during the legal transfer of property. Local searches are not likely to feature in any delay in conveyancing in Woodside Park.
Are there restrictive covenants that are commonly picked up during conveyancing in Woodside Park?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Woodside Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
What advice can you give us when it comes to appointing a Woodside Park conveyancing firm to deal with our lease extension?
If you are instructing a solicitor for your lease extension (regardless if they are a Woodside Park conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non Woodside Park conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
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Can they put you in touch with clients in Woodside Park who can give a testimonial?
I have tried to negotiate informally with with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Woodside Park conveyancing firm to help?
Most certainly. We are happy to put you in touch with a Woodside Park conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Woodside Park residence is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case related to 1 flat. The unexpired residue of the current lease was 76 years.