I am getting a offer of a home loan from Nat West. I would like to instruct a Licensed Conveyancer in Stratford. Does the Nat West Solicitor panel include conveyancers regulated by the CLC?
The Nat West approved solicitor list is, like many other lenders, represented by the CML or BSA, open to Licensed Conveyancers regulated by the CLC.
Is there a reason why leasehold purchase conveyancing in Stratford is more expensive?
The conveyancing costs on a leasehold property in Stratford is frequently greater as compared to a freehold transaction. This is because there is an amount of extra investigations required in communicating with the freeholder and management company to obtain information about whether the rent and service fee have been discharged and whether there are any major works due in the near future on repairs or maintenance of the block.
Me and my brother own a renovated Victorian property in Stratford. Conveyancing lawyer represented me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold under the exact same address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Stratford and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with the conveyancing practitioner who conducted the conveyancing.
In searching the world wide web for the term on line conveyancing in Stratford it shows results of numerous conveyancersin the vicinity. With so much choice what is the best way to find the right conveyancer for my move?
The best method of seeking a suitable conveyancer is via personal recommendation, so enquire of colleagues and relatives who have bought a property in Stratford or a reputable estate agent or financial adviser. Costs for conveyancing in Stratford differ, so it's a good idea to request a minimum of four fee estimates from different law firms. Be sure to secure confirmation that the fees are fixed.
All being well we will complete the disposal of our £150,000 apartment in Stratford on Wednesday in a week. The landlords agents has quoted £312 for Certificate of Compliance, insurance certificate and 3 years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Stratford?
For most leasehold sales in Stratford conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
Completing conveyancing due diligence enquiries
Where consent is required before sale in Stratford
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have had difficulty in negotiating a lease extension in Stratford. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to assess the price payable.
An example of a Freehold Enfranchisement decision for a Stratford residence is 12 Nutfield Road in July 2014. the Tribunal judged that the price to be paid by the applicants for the freehold interest should be £19,572 This case affected 2 flats. The number of years remaining on the existing lease(s) was 72.02 years.
How varied are the property law services that Stratford conveyancing practices supply?
In the main Stratford conveyancing companies manage to carry out various assistance to residential and rural land owners, sellers, investors, freeholders and leaseholders including the following:
Standard residential sale conveyancing in Stratford or wider afield
Home purchase conveyancing in Stratford and beyond
Property investment and Buy to Let Buying a brand new house or apartment Transfer of property following relationship breakdown Drafting bespoke leases for individuals needs