At what point can the exchange of contracts happen for domestic conveyancing in Silvertown and do I need to attend the solicitors office?
Where you are local to our conveyancing solicitors in Silvertown you are invited in to sign documents. However, the firms we work with supply a countrywide conveyancing service and give as equally comprehensive and professional a job for you when communicating with you digitally. The signing of the contract is not the point of no return. A signed contract is necessary for the conveyancer to exchange contracts when the time is right, which is ordinarily shortly after signing. The procedure is is usually a five minute process, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Silvertown)to be in the office available at the end of the phone to exchange contracts.
The Silvertown conveyancing solicitors that I appointed last week on my house acquisition in Silvertown have without warning shut down. They were on acting for me because I needed a firm on the Leeds Building Society conveyancing panel and my previous Silvertown lawyer was not. I gave my credit card details for them to take £195 for searches. What are my options?
Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Leeds Building Society conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
Just had an offer accepted on a new build apartment in Silvertown. Conveyancing is daunting 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 legal work.
Here are examples of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Silvertown
-
Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
I'm remortgaging my primary house to a BTL mortgage with Nottingham Building Society and intend to use the remaining equity towards further property. The location we are interested in is Silvertown. Will your lawyers be able to act for the two banks and tie in the transactions?
Do use our search tool on this page to ensure that the lawyers are on the appropriate lender panels. On the basis that they are the conveyancer should be able to connect the two deals but you should talk with you conveyancer and make apparent your desired outcome and needs.
I've found a house that appears to meet my requirements, at a reasonable price which is making it more attractive. I have since been informed that it's a leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Silvertown. Conveyancing solicitors have not yet been instructed. Will my lawyers set out the risks of buying a leasehold house in Silvertown ?
Most houses in Silvertown are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can assist with the conveyancing process. It is clear that you are purchasing in Silvertown so you should seriously consider shopping around for a Silvertown conveyancing solicitor and check that they are used to dealing with leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be at liberty to do whatever you want to the property. The lease will likely included provisions such as obtaining the freeholder’spermission to conduct alterations. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your lawyer should report to you on the legal implications.
After months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Silvertown. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a Silvertown conveyancing firm who can help.
An example of a Lease Extension case for a Silvertown premises 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.
The loan offer from a bank for the remortgage of my 4 bedroom flat is expected any day now. Are you able to recommend a cheap remortgage conveyancing law firm in Silvertown ?
You have come to the wrong place to search for the cheapest conveyancing in Silvertown. Our intention is to offer excellent value conveyancing but we do not advertise as being the cheapest. Do not be fooled by companies offering low cost conveyancing in Silvertown.At best, in going for cheap conveyancing, you will get what you pay for and at worst you will end up being stung for additional fee and still not get the service you were looking for.
