I am buying a property without a mortgage in Gidea Park. I have been residing for the last Seventeen years in Gidea Park. Conveyancing searches are expensive. As I have knowledge of the road and vicinity intimately must I have all the conveyancing searches?

Provided that you do not need a home loan, then the vast majority of the Gidea Park conveyancing searches are optional. Your conveyancer will ’encourage you, no-doubt strongly, that you should have searches carried out, but he is duty bound to take that path of advice. One thing to bear in mind; if you are going to sell the house at a future date, it could be of relevance to your future buyer what the searches contain. Sometimes properties with functional issues can still throw up detrimental search results. A competent conveyancing solicitor in Gidea Park should be able to give you some practical guidance in this regard.

A friend advised me that in purchasing a property in Gidea Park there may be various restrictions as to what one can do in terms of external changes to the property. Is this right?

We are aware of anumerous of properties in Gidea Park which have some sort of restriction or requirement of consent to external alterations. Part of the conveyancing in Gidea Park should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.

When it comes to lenders such as Skipton, do Gidea Park lawyers have to pay a yearly amount to be on the list of approved solicitors?

We are not aware of any bank fees to be on their list of approved firms, although some do levy an administration fee to deal with the processing of the conveyancing panel submission.

is it true that all Gidea Park conveyancing solicitors on the RBS conveyancing panel are overseen by the SRA?

As solicitors, in order to be on the RBS conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of lenders do allow licenced conveyancers on their panel and in that case the firms would be overseen by the CLC.

I have been pointed in your direction by numerous property agents in Gidea Park to get a quote from a conveyancer using your seach tool. Is there a financial advantage for Estate Agents to promote your services ahead of alternative conveyancing organisations?

We don’t make any commission for directing people in our direction. We found it would be just too difficult to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.

I need to find a conveyancing solicitor for freehold conveyancing in Gidea Park. I've stumble across a web site which looks to be the ideal offering If there is a chance to get all the legals completed via web that would be preferable. Do I need to be wary? What should out be looking out for?

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've recently bought a leasehold flat in Gidea Park. Am I liable to pay service charges for periods before my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

We have reached the end of our tether in trying to reach an agreement for a lease extension in Gidea Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?

Most definitely. We are happy to put you in touch with a Gidea Park conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Gidea Park property is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case affected 1 flat. The unexpired residue of the current lease was 57.5 years.