Do all mortgage companies provide you with an approved list of Plaistow conveyancing solicitors? How do you know who is on the Santander conveyancing panel?
Plaistow conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
My aunt passed away last year and as sole heir and executor I was left the house in Plaistow. The house had a small mortgage remaining of approximately £5k. I want to have the title changed into my name whilst I re-mortgage to Leeds Building Society, pay off the mortgage. Is this possible?
Where you intend to re-mortgage then Leeds Building Society will require that you use a conveyancer on the Leeds Building Society conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Leeds Building Society conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Leeds Building Society mortgage is registered as a charge at the Land Registry.
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Plaistow I like with amenity areas and transport links in the vicinity, the downside is that it's only got 49 years on the lease. There is not much else in Plaistow for this price, so just wondered if I would be making a grave error purchasing a short lease?
Should you require a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities 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 lawyer about this.
I was pointed in your direction by a few estate agents in Plaistow to get a quote from a solicitor on your site. What’s the financial upside for Estate Agents to offer your site over and above another?
We don’t offer any commission for pointing buyers and sellers our way. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
We are a fortnight into a residential purchase having been recommend to a firm by the estate agent to carry out the conveyancing in Plaistow. We are not happy. Can you you assist me in finding new solicitors?
They would have to be really bad in order to consider diss instructing them. Has your mortgage offer been generated? If so you need to advise them of the new contact details and ensure the offer are re-issued. The solicitor ideally needs to be on the banks approved list to avoid added charges and delays. That should be your first question of the new conveyancers. Our find a solicitor tool should assist you in finding a lender approved lawyer for your conveyancing in Plaistow
I am in need of some leasehold conveyancing in Plaistow. Before I set the wheels in motion I would like to find out the unexpired term of the lease.
If the lease is registered - and most are in Plaistow - then the leasehold title will always include the basic details 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.
We have reached the end of our tether in seeking a lease extension in Plaistow. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We are happy to put you in touch with a Plaistow conveyancing firm who can help.
An example of a Lease Extension decision for a Plaistow flat is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case was in relation to 1 flat. The unexpired lease term was 69.77 years.