I am about to complete buying a property in Leytonstone but as a consequence of wreckage from some water damage at the property I have managed to agree recompense from the vendor in the sum of £2k by way of a deduction in the price. I had intended this to be dealt with as part of a side agreement yet Santander are not allowing this. Should they have been involved?
Your conveyancer that is on the Santander conveyancing panel is obliged to inform Santander of any variations to the purchase price. If you were to refuse your conveyancer to disclose the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new conveyancer for your conveyancing in Leytonstone.
Finally the sale completed on my house in Leytonstone last November yet the purchaser is calling every few hours to moan that his conveyancer is waiting to hear from mine. What are the post completion sale formalities following completion?
Post completion of your disposal your conveyancer is committed to send the transfer documentation and all of the paperwork to the purchaser's solicitors. Depending on the transaction, your conveyancer must also send confirmation that the legal charge in favour of the lender has been redeemed to the purchasers lawyers. There are no post completion formalities just for conveyancing in Leytonstone.
We are planning on selling our home in Leytonstone and according to the buyers it appears that there is a risk of it being built on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the purchasers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in Leytonstone. We have lived in Leytonstone for 4 years we know of no issue. Do we contact our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Me and my brother own a 4 bedroom Victorian house in Leytonstone. Conveyancing solicitor acted for me and Nationwide Building Society. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, another for leasehold with the matching address. Is it worth asking Nationwide Building Society to clarify?
You need to read 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 Leytonstone and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the situation with the conveyancing practitioner who carried out the work.
How does conveyancing in Leytonstone differ for new build properties?
Most buyers of new build premises in Leytonstone come to us having been asked by the housebuilder to sign contracts and commit to the purchase even before the property is completed. This is because developers in Leytonstone tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Leytonstone or who has acted in the same development.
I am looking at a two apartments in Leytonstone which have about forty five years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Leytonstone. The lease is a legal document that entitles you to use the property for a period of time. As the lease shortens the value of the lease deteriorates and results in it becoming more costly to extend the lease. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage companies less inclined to grant a loan on such properties. Lease enfranchisement can be a protracted process. We advise that you get professional help from a solicitor and surveyor with experience in this arena.
I am the leaseholder of a ground flat in Leytonstone. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
Most certainly. We can put you in touch with a Leytonstone conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Leytonstone property is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case was in relation to 2 flats. The unexpired residue of the current lease was 73.92 years.