My wife and I are purchasing a property in Stoke Newington. I might seem paranoid but how we can trust a solicitor? On the day of competition we have to deposit funds into their account. What is the protection we have from them run away with our money?
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.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Stoke Newington?
There are many recorded licenced Conveyancers in Stoke Newington and Solicitor practices in Stoke Newington offering conveyancing We would stress that the two are regulated professionals specialising in the legal aspects of the home buying process. The two can handle other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
is it true that all Stoke Newington solicitor practices on the Santander conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Santander approved list of solicitors they would need to be overseen by the Solicitors Regulatory Authority. Many banks do list licenced conveyancers on their panel and in that case the firms would be overseen by the CLC.
We are purchasing a property and the conveyancer has raised the issue of Chancel Repair for which the house could be obligated to pay given it’s proximity to the area of such a church. She has suggested insurance. Is this strictly appropriate for conveyancing in Stoke Newington
Unless a prior acquisition of the house completed post 12 October 2013 you may assume that solicitors delivering conveyancing in Stoke Newington to remain encouraging a chancel search and or chancel repair liability insurance.
I used Stirling Law several years past for my conveyancing in Stoke Newington. Now, I need my files however the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Stoke Newington of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I have been on the look out for a ground for flat up to £195,000 and found one close by in Stoke Newington I like with open areas and station in the vicinity, however it only has 49 years on the lease. There is not much else in Stoke Newington in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan that many years will likely be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Stoke Newington and how can your lawyers assist?
The 1954 Act affords protection to commercial tenants, granting the dueness to apply to court for a new lease and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act to your advantage and help with commercial conveyancing in Stoke Newington
I am looking at a two flats in Stoke Newington which have about 50 years remaining on the lease term. Should I regard a short lease as a deal breaker?
A lease is a right to use the property for a period of time. As the lease gets shorter the marketability of the lease reduces and it becomes more costly to extend the lease. This is why it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage companies less inclined to grant a loan on such properties. Lease extension can be a difficult process. We advise that you get professional assistance from a solicitor and surveyor with experience in this arena.
I am the registered owner of a basement flat in Stoke Newington. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
if there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the price.
An example of a Lease Extension matter before the tribunal for a Stoke Newington flat 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 related to 1 flat.