Why do I have to pay up front for my conveyancing in Bethnal Green?
Where you are retaining lawyers for conveyancing in Bethnal Green your lawyer will ask you to provide them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is payable against the total price then this will be needed immediately prior to contracts are exchanged. The final balance that is needed should be sent to your lawyer shortly before completion.
How can we tell if a Bethnal Green conveyancing solicitor on the Barclays panel is any good?
When it comes to conveyancing in Bethnal Green getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always advise that you speak with the solicitor conducting your transaction.
I am purchasing a property in Bethnal Green. An unusual aspect is that the roof has a solar panel. Santander have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
Given that you are obtaining a mortgage with Santander your lawyer must comply with the formal requirements set out in Part 2 of UK Finance Lenders’ Handbook for Santander. The Council of Mortgage Lenders’ Handbook sets out minimum specifications for solar panel roof-space leases, and lawyers are required to report to Santander where a lease does not satisfy these requirements. The conditions relate to the installation of panels on properties countrywide and is not isolated to Bethnal Green.
I have a mortgage with Aldermore for my property in Bethnal Green. Conveyancing has been completed a year ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Aldermore?
Aldermore must be informed of your intention in advance of letting out your property as this is likely to be a breach of Aldermore’s mortgage conditions. It may be that Aldermore will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel firm.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Bethnal Green?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Bethnal Green. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Bethnal Green I like with open areas and station nearby, the downside is that it's only got 51 years on the lease. There is not much else in Bethnal Green in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
As co-executor for the estate of my grandfather I am selling a property in Cardiff but live in Bethnal Green. My solicitor (based 300 kilometers awayrequires that I execute a stat dec prior to completion. Could you suggest a conveyancing practitioner in Bethnal Green to attest this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will do regardless of whether they are Bethnal Green based
As a tenant I am on the hook for a maintenance fee for my appartment in Bethnal Green. Due to losing my job and personal issues I fell into arrears with payments. The managing agents agreed a settlement schedule but there is still three thousand pounds currently outstanding.
I now wish to dispose of the property and I am panicking this can jeopardize the sale if I have to discharge the amount due in advance. Do I have to settle before - is this viable?
The lawyer conducting your Bethnal Green sale should be in a position to negotiate with the management company, and agree with them whether or not they would accept settlement from completion monies. This is indicative of why it is advisable to select a property lawyer in Bethnal Green as they are likely to enjoy an open line of communication with the parties.