Completed the sale of my flat in Cockfosters last November yet the purchaser is telephoning me to moan that his conveyancer is waiting to hear from mine. What should have happened now that I have sold?
Following your sale your solicitor is committed to send the transfer documentation and all supplemental paperwork to the buyer’s lawyers. If applicable, your solicitor should also evidence that the mortgage has been discharged to the buyers conveyancers. There is unlikely to be post completion tasks peculiar conveyancing in Cockfosters.
Is there a list of Kent Reliance panel solicitors in Cockfosters on the Council of Mortgage Lender’s Website?
Unfortunately not yet. There is no such facility on the Council of Mortgage Lenders or Building Society Association sites. Very few lenders make their panel listings viewable online. If you are seeking to appoint a Cockfosters conveyancer on the Kent Reliance please use our facility.
I have decided to exercise my right to buy my property in Cockfosters off the council. I have a mortgage offer with Co-operative. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should have 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 Co-operative, you will need to appoint a solicitor on the Co-operative conveyancing panel.
The mortgage over my property is with Nottingham for my property in Cockfosters. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Nottingham?
Nottingham must be informed of your intention before renting your property as this is likely to be a breach of Nottingham’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Nottingham directly. It should not be necessary to do this via a Nottingham conveyancing panel firm.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Cockfosters?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Cockfosters. 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…’
How does conveyancing in Cockfosters differ for newly converted properties?
Most buyers of new build premises in Cockfosters approach us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is finished. This is because builders in Cockfosters tend to purchase 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 conveyancers 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 Cockfosters or who has acted in the same development.
What does commercial conveyancing in Cockfosters cover?
Cockfosters conveyancing for business premises covers a broad array of guidance, given by qualified solicitors, relating to business premises. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.