Can the conveyancing practitioners that are recommend execute auction conveyancing in Stepney?
We know of a number of auction solicitors we can put you in touch with those conducting auction conveyancing. Stepney is just one of hundreds of areas of where our lawyers have offices.
Do lenders provide you with an approved list of Stepney conveyancing solicitors? How do you know who is on the Lloyds conveyancing panel?
Stepney conveyancing firms themselves provide us confirmation that they are on the Lloyds conveyancing panel as opposed to being supplied with a list from Lloyds directly.
Me and my partner are buying a apartment in Stepney. It might be a silly question but how we can trust a solicitor? On completion day we will need to deposit our life savings into their account. What is the protection we have from them run away with our deposit?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Do I choose a Licenced Conveyancer or Solicitor for conveyancing in Stepney?
There are many registered licenced Conveyancers in Stepney and Solicitor practices in Stepney to choose from It is important to make clear that both are regulated professionals specialising in the legal aspects of the home buying process. Both can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Planning on purchasing a maisonette in Stepney. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Stepney conveyancing practitioner is on the Barclays conveyancing panel.
I am buying a new build house in Stepney with the aid of help to buy. The builders refused to budge the price so I negotiated 6k of additionals instead. The estate agent told me not disclose to my solicitor about the deal as it may jeopardize my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Stepney and how can you help?
The 1954 Act provides protection to commercial leaseholders, giving them the legal entitlement to apply to court for a renewal lease and remain in occupation at the end of an expired lease. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Stepney is one of our hundreds of areas of the UK in which our lawyers are located
I am looking at a couple of flats in Stepney which have in the region of forty five years left on the leases. Do I need to be concerned?
A lease is a right to use the property for a prescribed time frame. As a lease shortens the value of the lease reduces and results in it becoming more expensive to extend the lease. For this reason it is advisable to extend the lease term. It is often difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on such properties. Lease extension can be a difficult process. We recommend you get professional help from a solicitor and surveyor with experience in this field.
I have given up trying to purchase the freehold in Stepney. Can this matter be resolved via the Leasehold Valuation Tribunal?
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 decide the sum to be paid.
An example of a Freehold Enfranchisement decision for a Stepney 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 was in relation to 3 flats. The unexpired residue of the current lease was 101.61 years.