Me and my partner are soon to exchange on the purchase of a property in Aldgate but as a result of damage from the recent storms I have was able negotiate recompense from the owner of three thousand pounds taking the form of a deduction in the price. This was going to be addressed as part of the conveyancing process yet Nationwide will not agree to this. Should they have been notified?
Your property lawyer being on the Nationwide approved list is duty bound to inform Nationwide of any variations to the purchase price. If you prohibit your property lawyer to notify the reduction to Nationwide then they would have to discontinue acting for you. In addition, Nationwide and you would have to appoint a new conveyancer for your conveyancing in Aldgate.
My friend advised me that if I am purchasing in Aldgate I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is occasionally quoted for as part of the standard Aldgate conveyancing searches. It is a large report of about 40 pages, listing and detailing significant information about Aldgate around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Aldgate Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Aldgate.
Hoping to buy a property located in Aldgate and I am already nervous. I couldn't find anything specific about Aldgate. Conveyancing will be needed in due course but do you know about the Aldgate area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Aldgate. In the meantime here are some basic statistics that we found
I need to retain a conveyancing solicitor for some conveyancing in Aldgate. I happened to chance upon a web site which appears to be the ideal solution If it is possible to get all this stuff done via phone that would be ideal. Should I be wary? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I own a leasehold flat in Aldgate. Conveyancing and HSBC Bank mortgage are in place. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1992. The conveyancing practitioner in Aldgate who acted for me is not around. Any advice?
First make enquiries of the Land Registry to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. You do not need to incur the fees of a Aldgate conveyancing firm to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have had difficulty in seeking a lease extension in Aldgate. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We are happy to put you in touch with a Aldgate conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Aldgate 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 was in relation to 41 flats. The unexpired lease term was 107 years.
Our lender agreed in principle to grant us a mortgage. We have retained a long established conveyancer in Aldgate yesterday. A couple of hours ago, our broker phoned to advise us that the bank said that we cannot use our solicitor as they aren't on their 'approved list'. As FTB's, we did not have a clue that the mortgage company had a say Is this allowed?
You are permitted to appoint any property lawyer you prefer to appoint including the said conveyancer in Aldgate but if your mortgage company aren't happy with them you must incur additional cost so your lender can retain their own conveyancer too. It may be conceivable that your solicitor may apply to get included on to the mortgage company list of approved firms. Do make the most of web-based search facilities including lenderpanel.com to find a conveyancing solcitor in Aldgate on the bank panel. You can go into your local mortgage company branch in Aldgate. They can recommend conveyancing solicitors in Aldgate on the approved list.