Souldretaining a Romford conveyancing solicitor make the legal transfer of property easier?
In the main conveyancing lawyers in your area will have good alliances with your local authority, which can assist with the Romford conveyancing searches that your conveyancer will require on your transaction. It can only be a plus if they enjoy strong connections with the Local Land Registry Office your area Romford, other lawyers in the area and Romford Estate Agents.
We're in Romford, FTBs purchasing with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I acquired my apartment on 4 August and the transaction details is not yet on the land registry website. Any reason for this? My conveyancing solicitor in Romford said it will be concluded in a couple of weeks. Are properties in Romford particularly slow to register?
There is nothing unique when it comes to conveyancing in Romford registration formalities. Rather than based on location, timeframes can vary according to the party submitting the application, whether there are errors and if the Land registry must send notices to any interested persons or bodies. At present in the region of three quarters of such applications are completed within two weeks but some can be subject to protracted hold-ups. Historically registration takes place after the purchaser is living at the premises therefore an expedited registration is not always top priority but where there is a degree of urgency associated with the registration then you or your solicitor can contact the land registry and explain the circumstances.
Due to the encouragement of my in-laws I had a survey completed on a house in Romford before retaining lawyers. I have been told that there is a flying freehold aspect to the property. Our surveyor has said that some lenders will refuse to issue a loan on a flying freehold house.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Romford. Conveyancing may be slightly more expensive based on your lender's requirements.
We are 18 days into a residential purchase having been directed to a firm by the selling agent to carry out the conveyancing in Romford. We are not happy. Could you you assist me in finding new lawyers?
They would need to be really poor in order to consider diss instructing them. Has the loan offer been issued? In the event that it has you must make them aware of the replacement lawyer and have the offer are re-sent. The conveyancer should be on the banks panel to avoid supplemental costs and frustration. So that should be your starting point. Our find a solicitor tool should help you find a bank approved lawyer for your home move in Romford
I am looking at a couple of flats in Romford which have about 50 years left on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Romford. The lease is a legal document that entitles you to use the premises for a prescribed time frame. As a lease gets shorter the marketability of the lease reduces and results in it becoming more expensive to acquire a lease extension. This is why it is generally wise to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional help from a conveyancer and surveyor with experience in this arena.
I am the leaseholder of a first floor flat in Romford. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Where there is a absentee freeholder or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the LVT to make a decision on the premium.
An example of a Lease Extension decision for a Romford residence is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The unexpired residue of the current lease was 57.5 years.