My wife and I are due to exchange buying a property in Highbury but as a result of wreckage from the recent storms I have managed to agree reparation from the seller of £3k by way of a adjustment in the price. This was going to be dealt with as part of a side agreement yet Leeds Building Society will not permit this. Should they have been informed?
Your property lawyer being on the Leeds Building Society conveyancing panel is obliged to advise Leeds Building Society of any variations to the sale price. If you were to refuse your conveyancer to notify the price change to Leeds Building Society then they would have to discontinue acting for you. In addition, Leeds Building Society and you would have to appoint a new solicitor for your conveyancing in Highbury.
Can your site be used to recommend a Conveyancing solicitor in Highbury even if I’m not purchasing or selling a house, for example if I wish to acquire a shop in Highbury with a loan from Accord Mortgages Ltd?
Our search tool is primarily used to select residential conveyancing solicitors in Highbury but we have set out towards the bottom of this page a few Highbury commercial conveyancing firms. You should enquire with the firm directly to establish if they can also act for Accord Mortgages Ltd
A colleague advised me that if I am purchasing in Highbury I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is occasionally quoted for as part of the standard Highbury conveyancing searches. It is not a small document of about 40 pages, listing and detailing significant information about Highbury around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Highbury Education with maps and statistics, Local Amenities and other useful information regarding Highbury.
Given that I will soon part with 450k on a terraced house in Highbury I would like to have a conversation with the lawyer regarding thetransaction prior to appointing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you speaking to the conveyancer due to be doing your property ownership legalities in Highbury.There is no ‘factory style conveyancing’ - every client is an important person, not a matter number. The practices that we put you in touch with believe that the fees you are quoted for residential conveyancing in Highbury should be the amount on the final invoice that you end up paying.
I own a leasehold flat in Highbury. Conveyancing was finished in 2009. I have read on a number of consumer forums that I should not let the the remaining lease term to get too short. Is this right?
Highbury leasehold properties are for a prescribed period - normally just under one hundred years when they are first granted. However many appartments in Highbury were constructed or converted 35 or more years ago and so such leases now have under eighty years unexpired. That may sound like a long time however Banks, Building Societies and other mortgage companies generally require leases to have at least seventy five years left to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching seventy five years. To maximise your property value you should be considering whether to extend your lease well in advance of selling the property. Furthermore advantages to doing so before the lease reaches even 80 years as when the lease falls below eighty years the amount to be paid to extend starts to escalate.