We are soon to complete on the purchase of a property in Shoreditch but as a consequence of wreckage from a small fire at the property I have was able negotiate reparation from the owner in the sum of £2k by way of a reduction in the price. This was going to be addressed as part of the conveyancing process however HSBC are not allowing this. Should they have been involved?
Your property lawyer that is on the HSBC approved list is duty bound to advise HSBC of any amendments to the purchase price. If you were to refuse your conveyancing practitioner to disclose the reduction to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new lawyer for your conveyancing in Shoreditch.
After scouring consumer advice sites for an affordable lawyer in Shoreditch, most say that I must instruct a CQS accredited solicitor. Can you explain what CQS is?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * adherence to best practice conveyancing procedures via the scheme protocol the standard includes many firms who perform conveyancing in Shoreditch.
Should our conveyancer be raising questions concerning flooding during the conveyancing in Shoreditch.
Flooding is a growing risk for conveyancers dealing with homes in Shoreditch. Some people will acquire a house in Shoreditch, fully aware that at some time, it may suffer from flooding. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Conveyancers are not qualified to give advice on flood risk, however there are a various checks that can be carried out by the purchaser or by their solicitors which will give them a better appreciation of the risks in Shoreditch. The standard completed inquiry forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the vendor to discover whether the property has suffered from flooding. If the residence has been flooded in past which is not notified by the owner, then a buyer may commence a compensation claim resulting from an inaccurate response. The buyer’s solicitors may also conduct an enviro search. This will higlight if there is any known flood risk. If so, more detailed inquiries will need to be conducted.
Are there restrictive covenants that are commonly identified during conveyancing in Shoreditch?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Shoreditch. 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…’
What makes your site different to alternative internet conveyancing solicitors for conveyancing in Shoreditch?
At this site secure a conveyancing quote via a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Shoreditch. Unlike many estate agents and brokerage sites we do not operate commission deals with solicitors. Many agents and online brokers 'recommend' the firm who pay the highest commission, not the best value conveyancing in Shoreditch
I own a leasehold flat in Shoreditch. Conveyancing and The Royal Bank of Scotland mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1996. The conveyancing practitioner in Shoreditch who acted for me is not around. Any advice?
First contact the Land Registry to make sure that the individual claiming to own the freehold is in fact the new freeholder. There is no need to incur the fees of a Shoreditch conveyancing solicitor to do this as you can do this on the Land Registry website for a few pound. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have attempted and failed to negotiate with my landlord for a lease extension without any joy. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Shoreditch conveyancing firm to assist?
You certainly can. We can put you in touch with a Shoreditch conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Shoreditch flat is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The unexpired residue of the current lease was 72.39 years.