Am I correct in assuming that the fact that my solicitor in East London is not identified on my mortgage company's conveyancing panel that there is a problem with the quality of the firm’s work?
It would be unwise to jump to that conclusion. There are plenty of plausible explanations. A recent report by the solicitors regulator indicated 76% of law firms surveyed had been removed from at least one lender panel. The top 5 reasons are as follows: (1) low volume of transactions (2) the solicitor is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. If you are concerned you should simply call the East London conveyancing practice and enquire why they are no longer on the approved list for your lender.
Do the conveyancing lawyers listed on your site perform right to buy conveyancing in East London?
We have identified plenty of conveyancing firms who can conduct right to buy conveyancing matters You should get in touch with us with a view to secure a conveyancing quote.
I am about to put an offer on a leasehold flat in East London. The estate agents tell me that it is the norm for flats in East London to have less than 75 years left on the lease. I am taking out a loan with Bank of Ireland. Is this going to be a problem if the lease has 69 years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Bank of Ireland have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 20/10/2020 the requirements read as follows :
3 months have elapsed following my purchase conveyancing in East London concluded. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and identified one near me in East London I like with open areas and station nearby, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in East London in this price bracket, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a home loan the remaining unexpired lease term will likely be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
Is there anything unique about your site and alternative online quote calculators for conveyancing in East London?
At this site obtain a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in East London. As opposed to estate agents and many comparison sites we do not operate commission arrangements with solicitors. Some agents and online brokers 'recommend' solicitors paying the most kickback, as opposed to the best value conveyancing in East London