I am in a contract race with another prospective purchaser for a property in Canning Town. What can be done to hasten the conveyancing process?
First, If you are under pressure to exchange we would recommend that your solicitor is familiar with the area as they will benefit local relationships and know-how. It is possible that they could have transacted otherhouses in the same road. You would be best advised to use a Canning Town conveyancing lawyer. In addition, double check that the lawyer is on the on the approved list for your mortgage company. It is claimed that 18% of Canning Town conveyancing transactions are held up or derailed after discovering a purchaser’s lawyer was not on their mortgage lender’s list of approved solicitors. This can often result in the home move being frustrated by an average of three weeks. It is claimed that this issue affects approximately 100,000 home sales annually. Most Canning Town conveyancing firms can not represent certain mortgage companies so do check at the outset.
Do banks and building societies provide you with an approved list of Canning Town conveyancing solicitors? How do you know who is on the Coventry BS conveyancing panel?
Canning Town conveyancing firms themselves provide us confirmation that they are on the Coventry BS conveyancing panel as opposed to being supplied with a list from Coventry BS directly.
Our lender has recommended a law firm on their panel based in Canning Town but I would rather instruct a conveyancing lawyer in Canning Town or nearer to where I live. Can you assist?
Not all Canning Town conveyancing practitioners are on all lender’s conveyancing panel. Use our search tool to find a Canning Town conveyancing firm on the on the lender panel.
I own a renovated Edwardian property in Canning Town. Conveyancing practitioner represented me and Clydesdale. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold under the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register for 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 Canning Town and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also enquire as to the position with your conveyancing lawyer who conducted the work.
My company is planning to take over a lease of a shop on the high street. Can you recommend lawyers offering fixed charges for commercial conveyancing in Canning Town for under £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Canning Town, including the sale and acquisition of businesses as well as simply premises. If you are looking to acquire or dispose of a shop, pub, restaurant, office, retail premises or a whole business we can put you in touch with the right solicitor. Regarding the costs these will vary based on the structure and terms of the deal. Let us have your contact information or phone so as to enable us to supply you with a detailed commercial conveyancing quote.
I am a negotiator for a long established estate agency in Canning Town where we see a few leasehold sales put at risk due to short leases. I have been given conflicting advice from local Canning Town conveyancing firms. Please can you shed some light as to whether the vendor of a flat can initiate the lease extension process for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I am the leaseholder of a garden flat in Canning Town. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
in cases where there is a missing landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to assess the amount due.
An example of a Lease Extension case for a Canning Town flat is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 69.77 years.