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Find a Highbury Conveyancing Solictior on Your Lender’s Panel

Ready to buy a new home in Highbury? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Highbury conveyancing at risk of delay or failure.

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Recently asked questions about conveyancing in Highbury

About to place an offer on a leasehold flat in Highbury. The estate agents advise that it is normal for flats in Highbury to have less than 75 years left on the lease. I am taking out a mortgage with Chelsea Building Society. Will the property be mortgageable given that the lease has 70 years remaining.

Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 1/11/2024 the requirements read as follows :

85 years from the date of completion of the mortgage. Please ensure that you explain the implications of a short term lease to the borrower.

We are buying a house in Highbury. I might seem paranoid but how we can trust a conveyancer? At some point we have to send funds into their account. What protection do we have from them run away with our deposit?

Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.

Are all Highbury Conveyancing Quality Solicitors on the Coventry BS conveyancing panel?

A selection of banks and building societies now make use of the accreditation scheme as the starting point for Panel membership such as HSBC and Santander. CQS accreditation however gives no guarantee to lender panel acceptance. That being said,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.

When it comes to mortgage companies such as Nottingham, do Highbury conveyancing practitioners have to pay a fee to be on the conveyancing panel?

We are unaware of any bank fees to register on their list of approved firms, although some do charge an administration charge to deal with the processing of the conveyancing panel submission.

As co-executor for the will of my father I am selling a residence in Newport but reside in Highbury. My conveyancer (approximately 250 miles awayneeds me to execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing lawyer in Highbury to witness this legal document for me?

Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or solicitor will be fine regardless of whether they are located in Highbury

I am in need of some leasehold conveyancing in Highbury. Before I set the wheels in motion I would like to find out the unexpired term of the lease.

Assuming the lease is recorded at the land registry - and most are in Highbury - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.

Having spent years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Highbury. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

Most definitely. We can put you in touch with a Highbury conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Highbury residence is Lower Flat 16A Beatty Road in September 2012. The premium payable was £13,577. The terms of the lease has been agreed between the Applicants and the First Respondent and the Tribunal did not seek to disturb that agreement. This case was in relation to 1 flat.

I own a leasehold flat in Highbury. Conveyancing was finished in 2011. I have been told that I should not let the lease length fall too low. Is this correct?

Highbury leasehold properties are for a set period - usually just under one hundred years when they are first granted. However many appartments in Highbury were constructed or converted 30 or more years ago and so such leases now have under 80 years left to run. That may seem like a long time but Banks, Building Societies and other mortgage institutions generally require leases to have at least 75 years left to be mortgageable. Accordingly when you come to sell the property you will need a lease extension if you are nearing 75 years. To optimize your property value you should be considering whether or not to extend your lease well in advance of selling the property. There are also strong financial reasons to taking action before the lease hits 80 years as when the lease is below 80 years the premium you have to pay to extend starts to increase.

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