Completed the sale of my flat in Upper Clapton last October but the buyer keeps SMS messaging daily to moan that their conveyancer is waiting to hear from mysolicitor. What are the post completion sale legalities now that I have sold?
Following your sale your lawyer should forward the transfer deeds and all additional paperwork to the buyer’s solicitors. Depending on the transaction, your conveyancer must also evidence that the home loan has been discharged to the purchasers conveyancers. There are no post completion formalities just for conveyancing in Upper Clapton.
I am about to put a bid on a leasehold apartment in Upper Clapton. The estate agents assure me that it is usual for flats in Upper Clapton to have less than 75 years left on the lease. I am obtaining a mortgage with Virgin. Is this going to be acceptable if the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 27/2/2025 the requirements read as follows :
I'm buying my first flat in Upper Clapton with the aid of help to buy. The builders refused to reduce the price so I negotiated five thousand pounds worth of additionals instead. The estate agent told me not disclose to my lawyer about this side-deal as it would jeopardize my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
We are one month into a freehold purchase having been referred to conveyancers by the selling agent to perform conveyancing in Upper Clapton. I am am starting to be frustrated with the quality of service. Can you you assist me in finding new conveyancers?
They would need to be very poor to suggest diss instructing them. Has the mortgage offer been sent? In the event that it has you will need to advise them of the new conveyancer and have the offer are re-issued. The solicitor ideally needs to be on the banks panel to avoid escalating expenses and complications. That should be your first question of the new conveyancers. The search tool will help you find a bank approved conveyancer for your conveyancing in Upper Clapton
I've recently bought a leasehold property in Upper Clapton. 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. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure 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).
I am the proprietor of a a ground floor purpose built flat in Upper Clapton. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for a lease extension?
Absolutely. We are happy to put you in touch with a Upper Clapton conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Upper Clapton flat is Flat 25, Stamford Hill Mansions Stamford Hill in April 2010. The Tribunal therefore determined that the premium to be paid by the lessee to the freeholder for the extension of the lease should be £28,984.00 This case was in relation to 1 flat. The unexpired residue of the current lease was 59 years.