I was advised recently by my IFA that my Leyton solicitor is not on the mortgage company Solicitor panel. How can I check?
You need to contact your Leyton conveyancer. You lawyer should inform you what has happened. If they are not on the panel they may recommend you to a Leyton conveyancing practice that is on the conveyancing panel for your mortgage company.
Do the conveyancing lawyers that you recommend execute attended exchange conveyancing in Leyton?
We do have a number of conveyancing experts who can conduct one day exchanges. Please e-mail us to secure a conveyancing quote and details as to dates.
I am the sole beneficiary of my late grandmother’s will and I have everything in my name now, including the my former home in Leyton. The Leyton property was put into my name in March. I now wish to sell up. I do know about the Mortgage Lenders six month 'rule', which means that my property ownership will be regarded the same way as if I'd bought the house in March. Do I have to wait 6 months to sell?
The CML handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be caught by that. many lenders would take a practical view as this clause is primarily there to capture the purchase and immediately sell or the wholesaling and assigning of property.
Is it the case that all Leyton CQS (Conveyancing Quality Scheme) solicitors are on the HSBC conveyancing list of approved practices?
It is true that some lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. CQS membership however is no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
is it true that all Leyton solicitor practices on the Virgin Money conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the Virgin Money conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many lenders do permit licenced conveyancers on their panel and in that case the firms would be regulated by the CLC.
Me and my brother own a terraced Edwardian property in Leyton. Conveyancing practitioner acted for me and Nationwide Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, another for leasehold with the matching property. Is it worth asking Nationwide Building Society to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Leyton and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing solicitor who conducted the purchase.
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a simple, chain free conveyancing. Leyton is where the house is located. Can you offer any assistance?
Flying freeholds in Leyton are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Leyton you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leyton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Having had my offer accepted I require leasehold conveyancing in Leyton. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Leyton - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have had difficulty in trying to reach an agreement for a lease extension in Leyton. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a Leyton conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Leyton premises is 12 Nutfield Road in July 2014. the Tribunal judged that the price to be paid by the applicants for the freehold interest should be £19,572 This case was in relation to 2 flats. The unexpired term was 72.02 years.