My bid for a property was accepted at auction in Stratford. Conveyancing is required. What is next?
Now that you have legally bound yourself to purchase you now have to find a conveyancing practitioner quickly as you are faced with a fast approaching deadline in which to complete the conveyancing. Every auction property should have an associated legal pack. This will include most,if not all of the paperwork that your solicitor will need. Where you are dealing with leasehold property the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork specific to a leasehold property. You must give this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding in order to complete the transaction on the set completion date.
We had selected solicitors with offices in Stratford on the TSB solicitor approved list. They are now charging me a further fee for the legal aspects of the TSB mortgage. Is this an additional conveyancing fee specified by TSB?
Provided it is contained in their Terms of Engagement or estimate then yes your solicitor is entitled to levy a fee for this. The fee is not dictated by TSB but by your Stratford lawyer. Some firms on the TSB panel will charge an ‘acting for lender’ fee and others do not.
I am expecting a AIP from Virgin Money this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Virgin Money recommend any Stratford solicitors on the Virgin Money conveyancing panel, or is it better to go independently?
You will need to appoint Stratford solicitors independently although you'll need to choose one on the Virgin Money conveyancing panel. The solicitor represents both you and Virgin Money through the process.
I have todaybecome aware that Action Conveyancing have been shut down. They conducted my conveyancing in Stratford for a purchase of a leasehold apartment 12 months ago. How can I be sure that my home is not still registered in the name of the previous owner?
The quickest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Stratford conveyancing specialists.
Just had an offer accepted on a new build apartment in Stratford. Conveyancing is a frightening process 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 is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Stratford
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Please supply a car parking plan. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
My business partner and I are looking to take over a lease of an office on the high street. Can you recommend solicitors offering fixed costs for non-domestic conveyancing in Stratford for less than 1500k?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in Stratford, including the sale and purchase of businesses as well as simply property. If you are looking to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we can find you the right firm. Regarding the fees these will vary based on the structure and complexity of the deal. Please provide us with your details or phone us so that we can provide you with a detailed commercial conveyancing quote.
What are your top tips when it comes to appointing a Stratford conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Stratford conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with two or three firms including non Stratford conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be of use:
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What volume of lease extensions have they carried out in Stratford in the last 12 months?
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Stratford conveyancing firm to represent me?
if there is a missing landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to decide the amount due.
An example of a Freehold Enfranchisement decision 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 remaining number of years on the lease was 72.02 years.
Me and my wife accepted an offer on a Stratford flat left to us 8 years ago in 2011. I have over 12 years conveyancing knowledge and, now retired, see no reason not to carry out the legal work. The purchaser's solicitor has informed me that their building society will not allow you to do your own conveyancing mandating that the funds to be transferred to a solicitor's bank account.
Lending instructions to property lawyers from all CML members state that If the vendor is not legally represented the borrower's lawyers should check whether the mortgage company needs to be told so that a decision can be reached as to whether or not they are willing to progress.