Having been referred to your web site we were going to appoint conveyancing solicitor in Homerton endorsed by you but stumbled across some other costs illustrations on the internet look cheaper – why is this?
One can find a variety of conveyancers offering at first sight what seems to be very low prices. Our advice is to think twice as to how important this transaction is to you that want to take 'cheap' risks concerning the quality of the legal work. Many of them list a budget fee to grab your attention but conceal additional charges in the small print..
My wife and I are approaching an exchange on a house in Homerton and my mum and dad have sent the ten percent deposit to my solicitor. I am now advised that as the deposit has not come from me my lawyer needs to disclose this to my bank. Apparently, in also acting for the mortgage company he must inform them that the balance of the purchase price is coming from anyone other than me. I informed the bank concerning my parents' contribution when I applied for the home loan, so is it really necessary for this now to be an issue?
The lawyer is obliged to clarify with lender to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
My brother-in-law has suggested I instruct a conveyancing solicitor in Homerton. I I would like to check if they are accepted on the Lloyds TSB Bank conveyancing panel. Could you or the lender confirm if they are on the panel?
You should contact the solicitor and enquire whether they can act for the lender. Alternatively you can get in touch with Lloyds TSB Bank who may be able to confirm.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a property in Homerton? or I am told that there is historic law that means some owners of property residing in a parish church boundary will be compelled to contribute towards repairs towards the chancel in proximity to the church. Is this appropriate for conveyancing in Homerton?
Unless a prior purchase of the house took place post 12 October 2013 you could expect solicitors carrying out conveyancing in Homerton to remain recommending a chancel search and or insurance against a claim.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Homerton?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Homerton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am a negotiator for a reputable estate agency in Homerton where we have experienced a number of flat sales derailed as a result of short leases. I have been given contradictory information from local Homerton conveyancing solicitors. Please can you shed some light as to whether the owner of a flat can instigate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has been the owner 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 can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or simultaneously with completion of the disposal of the property.
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.
My wife and I have hit a brick wall in trying to reach an agreement for a lease extension in Homerton. Can this matter be resolved via the Leasehold Valuation Tribunal?
Absolutely. We can put you in touch with a Homerton conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Homerton property is 104 Nightingale Road in May 2009. The Tribunal's Decision is that the premium torbe paid for the enfranchisement in this case is £112,174 This case affected 10 flats. The unexpired lease term was 71.25 years.