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

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Recently asked questions about conveyancing in Wood Green

Please could you vouch for a Skipton Building Society accepted Wood Green conveyancing conveyancer that can complete within less than a month? Am I best advised to choose a local Wood Green conveyancer or an online comparison site?

We can recommend some very good Wood Green conveyancing firms. You can also walk up the main road in Wood Green. Go in to two or three law practices and ask to speak with a conveyancing solicitor for a fee estimate. Mention your time frames together with your reasons and get a commitment on speed. Appoint the lawyer that you trust.

It is a dozen years since I bought my home in Wood Green. Conveyancing lawyers have just been appointed on the sale but I am unable to find my title deeds. Is this a problem?

Don’t worry too much. Firstly the deeds may be kept by the lender or they could be in the possession of the solicitor who handled the purchase. Secondly in most cases the land will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing lawyers procuring current official copies of the land registers. Nearly all conveyancing in Wood Green involves registered property but in the rare situation where your property is unregistered it adds to the complexity but is not insurmountable.

How does conveyancing in Wood Green differ for newly converted properties?

Most buyers of new build premises in Wood Green approach us having been asked by the builder to sign contracts and commit to the purchase even before the property is finished. This is because house builders in Wood Green typically purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Wood Green or who has acted in the same development.

I have just started marketing my ground floor flat in Wood Green. Conveyancing is yet to be initiated, however I have just had a yearly maintenance charge invoice – what should I do?

The sensible thing to do is clear the service charge as normal because all rents and maintenance charges will be apportioned on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

I am the leaseholder of a two-bedroom flat in Wood Green. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?

Absolutely. We are happy to put you in touch with a Wood Green conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Wood Green residence is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case affected 1 flat. The unexpired lease term was 81.79 years.

Should I cancel the direct debit for my mortgage with UBS once a completion date for my home sale in Wood Green has been agreed?

No, you should continue meeting any mortgage sums to UBS until the mortgage is paid off out of the proceeds of sale as part of your Wood Green conveyancing.

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