Will conveyancers request money up-front for conveyancing in Barking?
Where you are retaining lawyers for conveyancing in Barking your solicitor will request that you place them with funds to cover the search fees. Ordinarily this is asked for to cover the fees of the conveyancing searches. If any down payment is as part of the purchase price then this will be asked for shortly before contracts are exchanged. The closing balance that is needed should be transferred shortly before completion.
My uncle advised me that in buying a property in Barking there may be various restrictions limiting what one can do in terms of external alterations to the property. Is this right?
We are aware of a number of properties in Barking which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Barking should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
My husband and I have arranged a further advance on our home loan from Coventry BS as we wish to carry out a loft conversion to our home in Barking. Are we obliged to select a local Barking solicitor on the Coventry BS conveyancing panel to handle the paperwork?
Coventry BS don't usually instruct a member of their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Coventry BS panel.
Aldermore have agreed my home loan in principle, my offer on a apartment in Barking has been accepted, what are the next steps?
The property agent will want to be advised as to your solicitor's details (ensure that the conveyancing practitioners are on the lender’s panel). Contact Aldermore or the broker and complete any appropriate paperwork. Aldermore will appoint a valuer who will get in contact with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes on average ten days to receive the mortgage offer. Aldermore will issue the offer to you and your solicitors. The legal work will then take it’s course according the nature and complexity of the conveyancing in Barking.
Should our solicitor be asking questions about flooding during the conveyancing in Barking.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Barking. Plenty of people will buy a property in Barking, completely aware that at some time, it may be flooded. However, aside from the physical damage, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, however there are a number of searches that can be initiated by the purchaser or on a buyer’s behalf which should give them a better appreciation of the risks in Barking. The standard information supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) includes a standard inquiry of the vendor to find out if the premises has suffered from flooding. If flooding has previously occurred which is not revealed by the owner, then a buyer may issue a compensation claim as a result of such an misleading reply. The purchaser’s solicitors may also carry out an enviro search. This will indicate whether there is a recorded flood risk. If so, additional investigations will need to be initiated.
My wife and I have a terraced Victorian house in Barking. Conveyancing practitioner represented me and Barclays Direct. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, the second leasehold with the exact same property. I'd like to know for sure, how can I find out??
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barking and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing practitioner who conducted the conveyancing.
Are there any apps to assist me to locate a Barking law firm on the Lloyds TSB Bank conveyancing panel? I have a car and am prepared to travel upto 10miles to meet the solicitor.
Feel free to make use of the facility on this website. Please pick a lender and your location and you will see a number of Barking conveyancing lawyers locally. We have detailed some Barking conveyancing firms towards the end of this page and you can ring them to see if they are on the Lloyds TSB Bank member panel
Can you offer any advice when it comes to finding a Barking conveyancing practice to carry out our lease extension conveyancing?
When appointing a conveyancer for lease extension works (regardless if they are a Barking conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with two or three firms including non Barking conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions could be useful:
Can they put you in touch with clients in Barking who can give a testimonial? How familiar is the firm with lease extension legislation?
Despite our best efforts, we have been unsuccessful in trying to purchase the freehold in Barking. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a Barking conveyancing firm who can help.
An example of a Lease Extension case for a Barking flat is 240 Strone Road in January 2014. the tribunal held that the price to be paid for the freehold interest was£23,538 of which£13,017 is attributable to the ground floor flat and £10,521 to the first floor flat. This case affected 2 flats. The remaining number of years on the lease was 65.5 years.