Why is leasehold purchase conveyancing in Haggerston costs more?

Haggerston leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.

I am assisting my mother sell her property in Haggerston. Does the conveyancer commission an energy performance certificate or do I organise this?

After the demise of HIPs, energy assessments became a compulsory element of moving property. An EPC must be commissioned in advance of the property being advertised. This is not something that solicitors ordinarily arrange. If you are using a Haggerston conveyancing lawyer they might help arrange energy performance certificates given their relationships with reputable local accredited person

This question may be naive but I am unexperienced as FTB of a ground floor flat in Haggerston. Do I collect the keys to the property on the completion date from my lawyer? If so, I will find a High Street conveyancing solicitor in Haggerston?

There is no need to visit the lawyers office on the day of completion. Your solicitors will electronically transfer the purchase money to the owner’s lawyers, and once they have received this, you will be called to collect the keys from the selling Agents and start moving into the property. This tends to happen between 1 and 3pm.

I am the single beneficiary of my late mum's estate and I have everything in my name alone, including the my former home in Haggerston. The Haggerston property was put into my name in December. I now wish to sell up. I understand that there is a Mortgage Lenders six month 'rule', which means that my property ownership could be treated the same way as if I'd bought the property in December. Is the property unsalable for six months?

The CML handbook instructs conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be caught by that. many lenders would take a practical view as this clause chiefly exists to pick up on subsales or the wholesaling and assigning of properties.

I have been told that property searches are the primary cause of obstruction in Haggerston house deals. Is this right?

The Council of Property Search Organisations (CoPSO) has noted the conclusions of a review by MoveWithUs that conveyancing searches do not figure amongst the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Haggerston.

My partner has suggested that I instruct his conveyancers in Haggerston. Should I use them?

Much as we are happy to recommend a Haggerston conveyancing lawyer it’s preferable to select a conveyancing solicitor is to get feedback from friends or relatives who have actually previously instructed the conveyancer that you are are thinking of instructing.

I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable price which is making it all the more appealing. I have just discovered that the title is leasehold as opposed to freehold. I am assuming that there are issues buying a house with a leasehold title in Haggerston. Conveyancing solicitors have are about to be appointed. Will they explain the issues?

The majority of houses in Haggerston are freehold and not leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can help the conveyancing process. it is apparent that you are buying in Haggerston so you should seriously consider shopping around for a Haggerston conveyancing practitioner and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’sconsent to carry out alterations. It may be necessary to pay a contribution towards the maintenance of the estate where the property is located on an estate. Your conveyancer should appraise you on the various issues.

I am the proprietor of a a ground floor purpose built flat in Haggerston. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum due for a lease extension?

Where there is a missing landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the price.

An example of a Lease Extension decision for a Haggerston property is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case related to 2 flats. The unexpired lease term was 72.39 years.