We are a couple about to sign contracts for a leasehold flat in Chingford. We have hit a stumbling block. Our loan offer with Aldermore runs out on 30/6/2025 but the sellers are putting forward a completion date of 2/7/2025. Can one extend the loan expiry date?
The person best placed to deal with your issue is your conveyancer who should calculate whether they corresponding with the bank, owner’s representatives, estate agents or conceivably all three taking into account the circumstances your transaction to date.
We're in Chingford, FTBs purchasing with a mortgage (lender is HSBC , and our solicitor is on the HSBC conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the HSBC conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am assisting my sister sell her property in Chingford. Does the solicitor commission the energy assessment or it is for the owner to coordinate?
Following the demise of HIPs, EPC’s was kept a required component of selling a house. An energy performance certificate needs to be commissioned prior to the property being put on the market. It is not as aspect of the sale process that solicitors normally organise. Where you are instructing a Chingford conveyancing practitioner they might be willing to arrange energy performance certificates given their contacts with long established local energy assessors
We have agreed to purchase a house in Chingford. A rare aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Leeds Building Society your lawyer must follow the formal requirements contained in Section 2 of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook contains minimum requirements for solar panel roof-space leases, and conveyancing practitioners are required to report to Leeds Building Society where a lease does not comply with these provisions. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Chingford.
I am expecting a AIP from Yorkshire BS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Yorkshire BS recommend any Chingford solicitors on the Yorkshire BS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Chingford solicitors independently although you'll need to choose one on the Yorkshire BS conveyancing panel. The solicitor represents both you and Yorkshire BS through the process.
I am using a search engine for the phrase on line conveyancing in Chingford it reveals numerous property lawyersin the area. With so much choice what is the best way to find the right conveyancer for purchase transaction?
The preferential method of choosing the right conveyancer is via trusted recommendation, so seek the counsel of friends and relatives who have acquired a property in Chingford or the reputable estate agent or mortgage broker. Costs for conveyancing in Chingford vary, so it's a good idea to obtain at least three fee calculations from varying types of companies. Dont forget to clarify that the fees are fixed.
I today plan to offer on a house that appears to tick a lot of boxes, at a reasonable price which is making it more attractive. I have just been informed that it's a leasehold rather than freehold. I would have thought that there are particular concerns purchasing a leasehold house in Chingford. Conveyancing advisers have are about to be instructed. Will they explain the issues?
The majority of houses in Chingford are freehold rather than leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can assist with the conveyancing process. It is clear that you are buying in Chingford so you should seriously consider looking for a Chingford conveyancing solicitor and be sure that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the number of years remaining. Being a tenant you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’sconsent to conduct changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is part of an estate. Your conveyancer should report to you on the legal implications.
Following months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Chingford. Can we issue an application to the Residential Property Tribunal Service?
Absolutely. We can put you in touch with a Chingford conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Chingford property is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case related to 2 flats. The unexpired term as at the valuation date was 69.26 years.
Is it true that a Chingford conveyancing firm has court proceedings brought against them by a client for not carrying out the appropriate conveyancing searches?
Our attention has not be brought to such a Chingford conveyancing matter but it has been reported that, a couple purchasing a home elsewhere in England successfully won a claim against their conveyancing practitioner due to development permission to construct a wind farm not being identified in conveyancing searches.
If you are thinking of buying a home in Chingford It is important that your conveyancing practitioner conduct all Chingford conveyancing searches needed making sure that you have accurate and up to date information before purchasing a property.