We are due to exchange buying a property in Hornsey but as a result of wreckage from the recent storms I have managed to agree recompense from the seller in the sum of £2k in the form of a adjustment in the price. This was going to be addressed as part of a side agreement yet TSB are not allowing this. Why were they involved?
The conveyancing practitioner being on the TSB approved list is obliged to inform TSB of any variations to the purchase price. If you were to refuse your solicitor to report the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new solicitor for your conveyancing in Hornsey.
My Solicitor in Hornsey is not listed on the Coventry Building Society Solicitor Panel. Is it possible for me to continue with my family solicitor even though they are excluded from the Coventry Building Society panel?
Your options are as follows:
- Complete the purchase with your existing Hornsey solicitors but Coventry Building Society will need to retain a lawyer on their panel. This will inevitably rack up the overall conveyancing charges as well as result in frustration.
- Get an alternative solicitor to to deal with the purchase, remembering to check they are Persuade your conveyancer to do everything within their powers to join the Coventry Building Society conveyancing panel
This question may be naive but I am wet behind the ears as a 1st time buyer of a ground floor flat in Hornsey. Do I pick up the keys to the property on the completion date from my solicitor? If this is the case, I will appoint a High Street conveyancing solicitor in Hornsey?
On the day of completion you will not be required to attend the conveyancers office in Hornsey. Conveyancing lawyers for you will transfer the completion advance to the owner’s solicitors, and shortly after the monies have arrived, you will be called to receive the keys from the selling Agents and move into your new home. Usually this happens between 1 and 3pm.
A friend informed me that in purchasing a property in Hornsey there could be a number of restrictions prohibiting external alterations to a property. Is this right?
We are aware of anumerous of properties in Hornsey which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Hornsey should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
After months of negotiation I have agreed a price on an apartment in Hornsey. My mortgage broker recommended their conveyancers. I paid an on account payment of £175. A couple of days later, the property lawyer contacted me embarrassingly acknowledging that they were not on the Principality conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Principality panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My husband and I may need to sub-let our Hornsey basement flat for a while due to a new job. We used a Hornsey conveyancing firm in 2004 but they have closed and we did not have the foresight to seek any advice as to whether the lease permits subletting. How do we find out?
The lease dictates relations between the freeholder and you the leaseholder; in particular, it will set out if subletting is banned, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is permitted. Most leases in Hornsey do not contain subletting altogether – such a provision would adversely affect the market value the flat. In most cases there is a basic requirement that the owner notifies the freeholder, possibly supplying a duplicate of the tenancy agreement.
I am the leaseholder of a two-bedroom flat in Hornsey. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
in cases where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to determine the price.
An example of a Freehold Enfranchisement decision for a Hornsey property is 7 Aubrey Road in December 2010. By an order of the county court on 15/12/2009 the freehold interest inthe Property known as 7 Aubrey Road London N8 9HH (the Property) and registered at HM Land Registry under title number MX439124 was vested in the applicants. The Tribunal calculated that the total enfranchisement premium, assessed in accordance with Schedule 6 to the Act, was £54,633. This case related to 3 flats. The unexpired residue of the current lease was 73.27 years.
Having used your search tool I can't find the lawyer I was hoping to instruct as being on the mortgage company conveyancing panel. My lawyer has said that they are on the bank approved panel. How can I be sure given that they are not listed on your directory?
Not all firms are yet listed on our lender panel search tool which is still relatively new. Law firms are listing on a daily basis and it is probably the case that your lawyer is on the mortgage company conveyancing lawyer and you should probably take them at their word. Please do feel free to suggest that they completing their listing on our site as it would only cost them £1 a month to list themselves as being on the mortgage company solicitor panel.