Why do I have to pay up front for conveyancing in Northwood?
If you are buying a property in Northwood your solicitor will request that you to provide them with monies to cover the search fees. This will be the total of the cost of the Local Authority Search. If any down payment is payable against the sale price then this should be needed immediately before exchange of contracts. The final balance that is due should be transferred a couple of days prior to the day of completion.
My brother-in-law has suggested I instruct a conveyancing solicitor in Northwood. I I would like to check whether they are accepted on the Platform Home Loans Ltd conveyancing panel. Can you advise?
The first thing you should do is e-mail your conveyancer and ask them if they are on the lender panel. Otherwise please call Platform Home Loans Ltd who may be able to help.
Are there restrictive covenants that are commonly picked up during conveyancing in Northwood?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Northwood. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
How easy is it to swap solicitor as I need to select a firm on the Aldermore conveyancing panel. I was using a high street conveyancing solicitor in Northwood five minutes from me but the firm is not accepted by Aldermore
It would be our pleasure to assist you find a conveyancing solicitor in Northwood on the Aldermore panel. Please note that the law firms that we work with do not pay us fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Northwood. In making use of search facility on this website, you can compare charges for conveyancing solicitors in Northwood and throughout England and Wales.
I am a negotiator for a reputable estate agent office in Northwood where we have experienced a few flat sales derailed as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Northwood conveyancing solicitors. Can you clarify whether the vendor of a flat can initiate the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the buyer.
I own a ground-floor 1950’s flat in Northwood. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
Most definitely. We can put you in touch with a Northwood conveyancing firm who can help.
An example of a Lease Extension decision for a Northwood residence is Flats 8, 11 and 15 Craigmore Court 46 Murray Road in December 2013. The tribunal held that the price payable by the Applicant tenant of Flat 8 to acquire an extended lease shall be £26,438 plus £1 to the intermediate lessee . The tribunal held that the price payable by the Applicant tenants of Flat 11 to acquire an extended lease shall be £26,791 plus £1 to the intermediate lessee. The tribunal held that the price payable by the Applicant tenant of Flat 15 to acquire an extended lease shall be £26,638 plus £1 to the intermediate lessee . This case related to 3 flats. The remaining number of years on the lease was 71 years.