I am in a contract race with another prospective purchaser for a property in Buckhurst Hill. What can I do to speed up matters?
Where the seller is applying pressure to sign contracts we would recommend that your conveyancer is familiar with the location as they will have local relationships and intelligence. It is even conceivable that they would have conducted otherhouses in the same road. Therefore consider using a Buckhurst Hill conveyancing lawyer. In addition, double check that the lawyer is on the member panel. It is claimed that 18% of Buckhurst Hill conveyancing transactions are held up or jeopardised after finding out that a buyer’s conveyancer was not on their mortgage lender’s member panel. In many cases this discovery resulted in the conveyancing being held up by almost three weeks. It is said that this issue affects approximately 100,000 home moves every year. Many Buckhurst Hill conveyancing practices can not represent certain lenders so do check as early as possible.
Having sold my house in Buckhurst Hill last December yet the purchaser is calling daily to say her lawyer needs to hear from mine. What are the post completion sale legalities following completion?
After completion of your disposal your lawyer should forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. If applicable, your solicitor should also send confirmation that the home loan has been repaid to the buyers lawyers. There are no post completion procedures peculiar conveyancing in Buckhurst Hill.
My grandfather passed away last year and as sole heir and executor I was left the house in Buckhurst Hill. The house had a small mortgage remaining of approximately £8000. I want to have the title changed into my name whilst I re-mortgage to UBS, pay off the mortgage. Is this allowed?
If you intend to refinance then UBS will require that you use a conveyancer on the UBS 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 UBS 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 UBS mortgage is registered as a charge at the Land Registry.
My bid for a property was accepted at auction in Buckhurst Hill. Conveyancing is necessary. What is next?
Having to in every practical sense signed on the dotted line you should instruct a conveyancing solicitor quickly as you will have a pending deadline in which to complete the deal. All auction property will have a corresponding auction pack. This should include evidence of title and search results. If you have purchased leasehold premises the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You should pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in order to complete the transaction on the set completion date.
My fiancee and I are spending time viewing flats in Buckhurst Hill and I am now considering a potential offer. Should I already have a conveyancer in place at this point? I intend to finance via a mortgage with Yorkshire BS.
It would be advisable to instigate your search sooner rather than later. After you have chosen your lawyer and once your offer is accepted you can instruct them to work for you and forward their details on to the estate agent. Given that you are obtaining a mortgage with Yorkshire BS, ask your prospective lawyers if they are on the Yorkshire BS conveyancing panel otherwise they can't do the mortgage legal work.
I am currently in the process of buying my council flat in Buckhurst Hill. I have a mortgage agreed with Skipton. 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 Skipton, you will need to appoint a solicitor on the Skipton conveyancing panel.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have just discovered that it's a leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in Buckhurst Hill. Conveyancing lawyers have are soon to be instructed. Will they explain the issues?
The majority of houses in Buckhurst Hill are freehold rather than leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. We note that you are buying in Buckhurst Hill so you should seriously consider shopping around for a Buckhurst Hill conveyancing solicitor and be sure that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example obtaining the freeholder’spermission to carry out changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your lawyer should advise you fully on all the issues.
Having spent years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Buckhurst Hill. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to calculate the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a Buckhurst Hill premises is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case affected 2 flats. The unexpired term was 69.26 years.