My IFA has asked me for my Redbridge solicitor’s panel member for the HSBC conveyancing panel. What is the best way to find this out. I have e-mailed my local Redbridge branch but they cant find it on their system.
You are best placed to get this information from your Redbridge conveyancing practitioner . Most Redbridge law practices will retain a file or database of lender panel information which would include, if applicable, their conveyancing panel details for each lender.
I have given 2 months notice to my existing landlord and must leave my rented flat in Redbridge by 13/6/2024. Conveyancing on my purchase has just started. Can I complete in 5 weeks as I wish to avoid having to find temporary accommodation?
Generally one should not provide notice for your letting until you have exchanged. Assuming that you have not previously done so, notify to your lawyer and urge them to they cajole the owners lawyers, try to get a realistic time scale from them that all parties will look towards
Are there restrictive covenants that are commonly identified as part of conveyancing in Redbridge?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Redbridge. 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'm buying my first flat in Redbridge with a loan from Clydesdale. The developers refused to move on the price so I negotiated 6k of additionals instead. The property agent suggested that I not inform my lawyer about this side-deal as it could adversely affect my loan with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am hoping to exchange soon on a garden flat in Redbridge. Conveyancing lawyers inform me that they are sending me a report within the next couple of days. What should I be looking out for?
The report on title for your leasehold conveyancing in Redbridge should include some of the following:
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Responsibility for repairing the window frames The length of the lease term. You should be advised as what happens when the lease expires, and informed of the importance of the 80 year mark Your solicitors should enable you to have an understanding of the insurance obligations Ground rent - what is due and what the invoice dates are, and also know whether this is subject to change You should be advised what is to be regarded as a Nuisance in the lease
My wife and I have hit a brick wall in trying to purchase the freehold in Redbridge. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to calculate the premium.
An example of a Freehold Enfranchisement decision for a Redbridge premises is 59 & 59a Clarendon Gardens in February 2014. The Tribunals valuation for the freehold was £30,073.00 The number of years remaining on the existing lease(s) was 65 and 61.
When it comes to my conveyancing in Redbridge should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Redbridge conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancing practitioner's time in submitting the funds this way.