Having sold my house in Stratford last June yet the purchaser is telephoning every few hours to moan that his lawyer needs to hear from myconveyancer. What should my lawyer have done now that I have sold?
Post completion of your house sale your lawyer is duty bound to send the transfer deeds and all additional paperwork to the purchaser's lawyers. If applicable, your conveyancer must also send confirmation that the legal charge in favour of the lender has been paid off to the buyers solicitors. There are no post completion procedures just for conveyancing in Stratford.
My uncle passed away six months ago and as sole heir and executor I was left the house in Stratford. The house had a relatively small loan remaining of approximately £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Barclays, pay off the mortgage. Is this possible?
Given you intend to refinance then Barclays will insist on your using a conveyancer on the Barclays conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Barclays conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Barclays mortgage is registered as a charge at the Land Registry.
I purchased a semi-detached Edwardian house in Stratford. Conveyancing practitioner represented me and Platform Home Loans Ltd. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the matching address. Is it worth asking Platform Home Loans Ltd to clarify?
You should read the Freehold register you have again and check the Charges Register for 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 locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also enquire as to the situation with the conveyancing lawyer who conducted the work.
My husband and I are novice buyers - had an offer accepted, yet the selling agent informed us that the vendor will only go ahead if we appoint their chosen conveyancers as they need an ‘expedited deal’. My instinct tells me that we should use a family solicitor used to conveyancing in Stratford
We suspect that the seller is unaware of this request. Should the owner want ‘a quick sale', taking such a hostile approach to a genuine purchaser is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are serious purchasers (b)you are excited to move forward, with finances in place © you do not need to sell (d) you wish to move quickly (e)but you intend to instruct your preferred Stratford conveyancing lawyers - as opposed tothe ones that will give the estate agent a referral fee or meet his conveyancing targets demanded by corporate headquarters.
I have had difficulty in trying to purchase the freehold in Stratford. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the relevant legislation it is possible to make an application to the LVT to assess the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Stratford property 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 was in relation to 2 flats. The number of years remaining on the existing lease(s) was 72.02 years.
What makes a Stratford lease problematic?
Leasehold conveyancing in Stratford is not unique. Most leases are individual and drafting errors can result in certain provisions are missing. For example, if your lease is missing any of the following, it could be defective:
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Maintenance charge proportions which don’t add up to the correct percentage A provision to repair to or maintain parts of the property
A defective lease can cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Skipton Building Society, and Britannia all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the purchaser to pull out.
Me and my fiance are about to exchange buying a property in Stratford but as a consequence of damage from the recent storms I have negotiated compensation from the owner of five thousand pounds in the form of a reduction in the price. I had intended this to be dealt with as part of the conveyancing process yet the lender will not agree to this. Why were they notified?
Any conveyancing practitioner being on the mortgage company approved list is obliged to inform the bank of any amendments to the sale price. If you prohibit your lawyer to notify the price change to your mortgage company then they would have to disinstructing themselves from representing you and the mortgage company.