I am getting a offer of a home loan from Santander. I hope to enlist the help of a Licensed Conveyancer in Chadwell Heath. Does the Santander Conveyancing panel allow for Licensed Conveyancers?
The Santander conveyancing panel is, like many other lenders, associated to the Council or Mortgage Lenders or Building Society Association, open to Licensed Conveyancers regulated by the Council of Licensed Conveyancers.
It is is a decade since I bought my property in Chadwell Heath. Conveyancing solicitors have just been appointed on the sale but I am unable to locate the title documents. Is this a problem?
You need not be too concerned. First the deeds may be retained by your lender or they may be archived with the lawyers who acted in the purchase. Secondly in most cases the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing lawyers obtaining current official copies of the land registers. Almost all conveyancing in Chadwell Heath involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
Due to the encouragement of my in-laws I had a survey completed on a property in Chadwell Heath before retaining solicitors. I have been informed that there is a flying freehold aspect to the house. The surveyor has said that some lenders tend refuse to give a loan on such a property.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you contact us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chadwell Heath. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chadwell Heath to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Chadwell Heath cover?
Commercial conveyancing in Chadwell Heath covers a broad range of advice, provided by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
I am using a search engine for the phrase on line conveyancing in Chadwell Heath it shows results of numerous property lawyerslocally. With so much choice what is the best way to find the suitable conveyancer for me?
The best way of finding a suitable conveyancer is via personal referral, so ask friends and relatives who have acquired a property in Chadwell Heath or the respected estate agent or mortgage broker. Costs for conveyancing in Chadwell Heath differ, so it's a good idea to obtain a minimum of three fee calculations from different companies. Be sure to secure confirmation that the fees are fixed.
I am a negotiator for a reputable estate agency in Chadwell Heath where we see a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have received conflicting advice from local Chadwell Heath conveyancing firms. Please can you clarify whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord 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 buyer.
We have reached the end of our tether in trying to purchase the freehold in Chadwell Heath. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a Chadwell Heath conveyancing firm who can help.
An example of a Lease Extension decision for a Chadwell Heath residence is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case related to 1 flat. The number of years remaining on the existing lease(s) was 61.36 years.