We were just about to exchange contracts for a ground floor flat in Poplar. We have hit a stumbling block. Our loan offer with Alliance & Leicester runs out on 30/6/2025 but the vendors are suggesting a completion date of 2/7/2025. Is it possible to extend the mortgage offer?
The best person to deal with your question is your solicitors who will calculate whether he or she is better off negotiating with the bank, seller’s lawyers, property agents or indeed all parties taking into account what has gone on in your house move to date.
Are all Poplar Conveyancing Quality Solicitors on the Lloyds conveyancing panel?
A selection of lenders now utilise the accreditation scheme as the kick off point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to join their approved list of firms.
Is there a list of RBS panel conveyancers in Poplar on the Building Society Association’s Website?
No. There is no such tool on the CML or Building Society Association websites. A small selection of mortgage companies make their panel listings viewable on the web. Where you are looking for a Poplar solicitor on the RBS please make the most of our tool.
My wife and I have arranged the release of further monies on our mortgage from Nottingham as we wish to conduct alterations to our house in Poplar. Are we obliged to appoint a nearby Poplar solicitor on the Nottingham conveyancing panel to deal with the paperwork?
Nottingham do not ordinarily appoint a member of their approved list of lawyers to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Poplar. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Poplar
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are architect prepared. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I've recently found out that there is a flying freehold issue on a house I have offered on two weeks back in what was supposed to be a simple, chain free conveyancing. Poplar is the location of the property. Can you shed any light on this issue?
Flying freeholds in Poplar are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Poplar 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 Poplar may determine 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 property.
I have just started marketing my 2 bed apartment in Poplar. Conveyancing is yet to be initiated, but I have recently received a half-yearly maintenance charge demand – should I leave it to the buyer to sort out?
It best that you pay the service charge as normal because all ground rent and service charges should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
Following years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Poplar. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to judgment on the premium.
An example of a Freehold Enfranchisement matter before the tribunal for a Poplar premises is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case affected 3 flats. The remaining number of years on the lease was 101.61 years.
What is the reason for new build conveyancing in Poplar being more expensive?
Conveyancing in Poplar for recently converted or new build premises often involve adoption of highways & drains, building regulations approval, planning permission, new build warranties such NHBC as well as supplemental investigations and contractual considerations.