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Find a Arnos Grove Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Arnos Grove? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Arnos Grove home move at risk of delay or failure.

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Recently asked questions about conveyancing in Arnos Grove

I happen to be the only recipient of my late grandmother’s will with all property in now in my sole name, including the house in Arnos Grove. Conveyancing formalities meant that the Land Registry date was in November. I now wish to sell up. I understand that there is a CML 6 month 'rule', which means that my property ownership will be regarded the same way as if I'd bought the property in November. Will no one buy the property for half a year?

The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this requirement is chiefly there to capture subsales or the quick reselling of properties.

I am currently in the process of buying my council flat in Arnos Grove. I have a mortgage offer with Yorkshire BS. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?

It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.

I can not work out if my bank requires a lease extension. I have called into my local Arnos Grove building society branch on various occasions and was informed it wasn't a problem and they would lend. My Arnos Grove conveyancing solicitor - who is on the lender conveyancing panel- called and was told they would not lend based on their specific requirements. Who do I believe?

The conveyancing practitioner must follow the CML Handbook section two specifications for your bank. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years left on the lease.

I am buying a new build flat in Arnos Grove. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here is a sample of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Arnos Grove

    Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? 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.

My uncle has suggested that I appoint his conveyancers in Arnos Grove. Should I choose my own property lawyer?

No doubt the best way to choose a conveyancing practitioner is to get referrals from friends or family who have actually previously instructed the firm you're considering.

I am looking at a two maisonettes in Arnos Grove both have in the region of forty five years remaining on the leases. Will this present a problem?

A lease is a right to use the premises for a prescribed time frame. As the lease gets shorter the saleability of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is generally wise to increase the term of the lease. Sometimes 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 difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this field.

Having spent years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Arnos Grove. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

You certainly can. We can put you in touch with a Arnos Grove conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a Arnos Grove flat is 23 Beaconsfield Road in July 2013. The Tribunals decided that the amount payable was £31,203 for the freehold. This case affected 2 flats. The unexpired term as at the valuation date was 70.31 years.

I am purchasing a garden apartment in Arnos Grove. Conveyancing lawyer is awaiting, from the owner, building insurance documents. This morning I was advised that the owner must forward the insurance schedule for the flat above as well. Why does my property lawyer want to check the insurance for the other flat? Is it really required? We have been waiting for the last two weeks…

It is not unheard of in leasehold conveyancing in Arnos Grove to find Conveyancing in Arnos Grove in a minority of cases reveals that the lease provides for the tenant's to insure their individual flats rather than the landlord insuring the complete property - which is definitely better. Do check with your lawyer but it would seem that your lawyer is looking to establish that the entire building is insured. Insuring your apartment is no help when it comes to rebuilding after a fire if the other flat cannot be rebuilt due to lack of insurance cover.

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Neighbouring Locations

Palmers Green
Arnos Grove
New Southgate
Bounds Green
Bowes Park

Find out more about how flying freehold can affect your the value of a property.