I need some fast conveyancing in Whitechapel as I am under a deadline to exchange contracts inside one month. A home loan is not required. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at liberty not to have searches conducted although no solicitor would suggest that you don't. Drawing on our experience of conveyancing in Whitechapel the following are examples of what can arise and therefore impact future mortgageability: Enforcement Notices, Overdue Fees, Overdue Grants, Road Schemes,...
I have todaybecome aware that Action Conveyancing have closed. They conducted my conveyancing in Whitechapel for a purchase of a leasehold flat 18 months ago. How can I check that the property is in my name in the name of the previous owner?
The easiest method to check if the property is registered to you, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Whitechapel conveyancing specialists.
How does conveyancing in Whitechapel differ for newly converted properties?
Most buyers of new build or newly converted property in Whitechapel contact us having been asked by the seller to sign contracts and commit to the purchase even before the premises is ready to move into. This is because house builders in Whitechapel typically acquire the land, 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 conveyancers 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 Whitechapel or who has acted in the same development.
I decided to have a survey carried out on a property in Whitechapel before appointing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks tend not give a mortgage on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. If you contact us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Whitechapel. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Whitechapel to see if the conveyancing costs will increase in light of this.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have subsequently discovered that it's a leasehold as opposed to freehold. I am assuming that there are issues purchasing a house with a leasehold title in Whitechapel. Conveyancing lawyers have not yet been appointed. Will my lawyers set out the implications of buying a leasehold house in Whitechapel ?
The majority of houses in Whitechapel are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can help the conveyancing process. We note that you are purchasing in Whitechapel so you should seriously consider shopping around for a Whitechapel conveyancing practitioner and check that they are used to transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want to the property. The lease will likely included provisions for example requiring the landlord’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the property is part of an estate. Your solicitor should advise you fully on all the issues.
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Whitechapel conveyancing firm to act on my behalf?
Absolutely. We can put you in touch with a Whitechapel conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Whitechapel residence is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case related to 41 flats. The unexpired lease term was 107 years.
We are looking to purchase a repossessed house in Whitechapel and the vendor demand completion within a week. Can a conveyancer meet that timeframe? Would it be better to instruct a local Whitechapel firm or an online company that professes to complete quickly?
Attend your Whitechapel high street. Pop in to 3 solicitor’s offices and ask to talk to a conveyancing solicitor for an estimate. Discuss your situation and try and obtain a commitment on speed. Choose the one that comes across as most trustworthy. You need to choose a conveyancing practitioner on the list of conveyancing practitioners who can act for your lender.