I am in a contract race with another buyer for a property in Blackwall. What can I do to expedite matters?
Where the seller is applying time constraints to exchange it is advisable to make sure that your solicitor is familiar with the area as they will benefit local relationships and know-how. It is even conceivable that they could have conducted otherproperties in the same street. Therefore consider using a Blackwall conveyancing solicitor. Second, ensure that the conveyancing firm is on the on the approved list for your mortgage company. It is understood that 18% of Blackwall conveyancing transactions are held up or jeopardised after finding out that a buyer’s conveyancer was not on their banks member panel. In many cases this discovery resulted in the home move being frustrated by an average of three weeks. It is estimated that this issue affects approximately 100,000 home sales every year. Almost all Blackwall conveyancing practices can not represent certain banks so do check at the outset.
What does my ID and proof of funds have anything to do with my conveyancing in Blackwall? Is this really warranted?
Blackwall conveyancing solicitors as well as nationwide property practitioners throughout the UK have an obligation under Anti-terror and anti-money-laundering rules to verify the identity of any client with a view to satisfy themselves that clients are who they say they are.
Conveyancing clients are required to produce two forms of certified ID; proof of identity (typically a Passport or Driving Licence) and proof of address (typically a Bank Statement no more than three months).
Proof of source of monies is also required in compliance with the money laundering laws as solicitors are obliged to check that the money you are using to buy a property (be it the exchange deposit or the total purchase amount if you are buying mortgage free) has come from legitimate source (such as employment savings) as opposed to the fruits of illegitimate behaviour.
My partner and I are close to exchanging contracts on the sale of our property in Blackwall and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. A local conveyancer would know that there is no such problem. It does beg the question why the buyers instructed a web based conveyancing firm as opposed to a conveyancing solicitor in Blackwall. Having lived in Blackwall for many years we know that this is a non issue. Do we get in touch with our local Authority to obtain confirmation that there is no issue.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
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At this site get a conveyancing quote from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances for your conveyancing in Blackwall. Unlike many estate agents and many comparison sites we do not charge firms a fee if you select them for your conveyancing in Blackwall
I am thinking of appointing a conveyancing lawyer in Blackwall for my house move. Is it possible to review a solicitor's complaints history with the legal regulator?
You may search for documented Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Go to Check a solicitor's record. To find details Pre 2008, or to check a solicitors record, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, call +44 (0)121 329 6800. The SRA could recorded call for training requirements.
Last December I purchased a leasehold flat in Blackwall. Do I have any liability for service charges for periods before my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
We have reached the end of our tether in trying to purchase the freehold in Blackwall. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Blackwall conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Blackwall flat is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The unexpired term was 101.61 years.