I am about to put a bid on a leasehold property in Bethnal Green. The estate agents assure me that it is usual for flats in Bethnal Green to have less than 75 years unexpired on the lease. I am taking out a mortgage with Accord Mortgages. Will the property be mortgageable given that the lease has 70 years to go.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 18/7/2019 the requirements read as follows :
We are purchasing a property and the conveyancer has referenced Chancel Repair to which the house may be liable as it falls into the area of such a church. She has mentioned insurance. Is this really warranted for conveyancing in Bethnal Green
Unless a previous acquisition of the property took place after 12 October 2013 you could expect conveyancing practitioners conducting conveyancing in Bethnal Green to remain encouraging a chancel search and or chancel repair liability insurance.
I've recently found out that there is a flying freehold element on a house I have offered on two weeks back in what should have been a quick, chain free conveyancing. Bethnal Green is the location of the property. What do you suggest?
Flying freeholds in Bethnal Green are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bethnal Green you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bethnal Green may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Given that I will soon part with over three hundred thousand on a garden flat in Bethnal Green I would like to have a conversation with the conveyancer concerning thetransaction in advance of instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the conveyancer due to be conducting your property ownership legalities in Bethnal Green.There is no ‘factory style conveyancing’ - every client is an important individual, not a file number. The solicitors that we put you in touch with believe that the figure you are quoted for your conveyancing in Bethnal Green should be the figure that you are charged.
My step-father has suggested that I instruct his lawyers for conveyancing in Bethnal Green. Do I take his guidance?
There are no two ways about it it’s preferable to find a conveyancing lawyer is to have feedback from friends or family who have used the firm that you are are thinking of instructing.
I’m about to sell my garden apartment in Bethnal Green.Conveyancing is yet to be initiated but I have just had a yearly service charge invoice – what should I do?
It best that you clear the maintenance contribution as normal because all ground rent and maintenance payments should be allottedon completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process