I hired a Stepney based lawyer for our conveyancing in Stepney recently. After carefully reading the Terms and Conditions I seewe are responsible for fees even where the transaction does not complete. Should I ditch them and select an internet lawyer promoting no completion no charge conveyancing in Stepney?
Generally there is a concession along the lines that if "No Completion No Fee" is available then the fee levels will tend to be be more expensive to neutralise the conveyances that do not proceed. Please beware that these deals generally do not protect you from expenses by way of example Stepney conveyancing search expenses.
We see that you have a search directory listing firms on the Coventry BS conveyancing panel. Do firms pay you a commission if I instruct them for our conveyancing in Stepney?
We are a listing service only for law firms wishing to communicate if they are on the Coventry BS conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Stepney.
The Stepney conveyancing lawyers that I recently instructed on my purchase in Stepney have without warning shut down. They were on acting for me because I had to have a solicitor on the HSBC conveyancing panel and my preferred Stepney lawyer was not. I paid them £170 in advance. What do I do now?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the HSBC 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 lawyers should be in a position to help.
Is it the case that all Stepney solicitor practices on the Principality conveyancing panel are governed by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Principality conveyancing panel they would need to be overseen by the Solicitors Regulatory Authority. The majority of mortgage companies do list licenced conveyancers on their panel in which case such practice would be regulated by the CLC.
I can not fathom if my bank requires a lease extension. I have telephoned my Stepney building society branch on numerous occasions and was told they are content with the situation and they would lend. My Stepney conveyancing solicitor - who is on the bank conveyancing panel- telephoned and was told they will not lend in accordance with their specific requirements. I have no idea who is right.
Provided that the conveyancing practitioner is on the mortgage company approved list, she or he must adhere to the CML Handbook conditions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
I am selling my flat. I had a double glazing fitted in April 2010, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, TSB are being pedantic. The Stepney solicitor who is on the TSB conveyancing panel is happy to accept ‘lack of building regulation’ insurance but TSB are requiring a building regulation certificate. Why do TSB have a conveyancing panel if they don't accept advice from them?
It is probably the case that TSB have referred the matter to their valuer. The reason why TSB may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
How do I identify a Stepney law firm on the HSBC Bank conveyancing panel? I have a car and am happy to travel upto 25miles to meet the solicitor.
Feel free to make use of the tool on this website. Please select a mortgage company and your location and you will see a number of Stepney conveyancing lawyers locally. We have detailed some Stepney conveyancing firms towards the end of this page and you can telephone them to see if they are on the HSBC Bank member panel
Planning to complete next month on a basement flat in Stepney. Conveyancing solicitors have said that they will have a report out to me tomorrow. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Stepney should include some of the following:
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Repair and maintenance of the premises Whether your lease caters for for a sinking account for major repairs? Where does the liability rest for repairing the window frames Additions to the flat You should know whether the lease permits you to change or upgrade anything in the property- you must be made aware as to whether it applies to all alterations or just structural alteration, and whether licences for alterations is required
I am the registered owner of a basement flat in Stepney. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
Absolutely. We are happy to put you in touch with a Stepney conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Stepney residence 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 affected 3 flats. The unexpired residue of the current lease was 101.61 years.