My fiance and I decided to purchase a purpose built apartment in Stratford with a homeloan from Bank of Scotland.We have a Stratford conveyancing lawyer but Bank of Scotland advised that his firm is not on their "panel". we are left little option but to use a Bank of Scotland panel lawyer or keep our preferred solicitor and fork out for one of their panel ones to represent them. We feel as though this is unjust; Can we not simply insist that Bank of Scotland use our lawyer?
Unfortunately,no. The home loan issued to you is subject to its various provisions, a common one being that lawyers needs to be on the Bank of Scotland approved list. in the past, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. A further alternative is for your solicitors to apply to be on the conveyancing panel for Bank of Scotland
I require expedited conveyancing in Stratford as I am faced with an ultimatum to exchange contracts within 2 weeks. Fortunately I do not require a mortgage. Is it possible to avoid the conveyancing searches to save money and time?
As you are are a mortgage free buyer you are at liberty not to have searches conducted although no conveyancer would recommend that you don't. Drawing on our experience of conveyancing in Stratford the following are instances of what can crop up and therefore affect the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Railway Schemes,...
I'm converting the mortgage on my primary home to a buy to let mortgage with Barnsley Building Society and I will use the ballance of the raised equity towards another property. The area we are interested in is Stratford. Will your lawyers be able to act for the two mortgage companies and tie in the transactions?
Do use our search tool on this site to check that the lawyers are on the relevant lender panels. Having checked that they are the lawyer will be able to tie up the two conveyancing matters but you should have a chat with you lawyer and communicate your expectations and requirements.
We're FTB’s - agreed a price, but the selling agent advised that the owners will only go ahead if we instruct the agent's recommended conveyancers as they want a ‘quick sale’. We would rather use a high street conveyancer accustomed to conveyancing in Stratford
We suspect that the seller is not behind this requirement. If they require ‘a quick sale', taking such a hostile approach to a motivated buyer is is going to put the whole deal at risk. Contact the owners directly and explain that (a)you are serious buyers (b)you are ready to go, with finances in place © you do not need to sell (d) you wish to move quickly (e)however you are going to instruct your preferred Stratford conveyancing lawyers - as opposed tothose that will earn the estate agent a introducer fee or achieve conveyancing figures pre-set by corporate headquarters.
My fiance and I may need to sub-let our Stratford ground floor flat for a while due to a career opportunity. We instructed a Stratford conveyancing firm in 2002 but they have since shut and we did not think at the time get any advice as to whether the lease allows us to sublet. How do we find out?
A small minority of properties in Stratford do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting permission.
I have tried to negotiate informally with with my landlord to extend my lease without success. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Stratford conveyancing firm to assist?
Most certainly. We are happy to put you in touch with a Stratford conveyancing firm who can help.
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 number of years remaining on the existing lease(s) was 72.02 years.
My mum and dad cant seem to find their Stratford land registry title on the site. They recall that back in the 70’s when they purchased the house there were complications regarding the post code not being identified on some systems.
The vast majority of properties in Stratford should be revealed. Have you tried a search to simply the postcode. Normally it should mention all the houses and flats within the postcode. Where recorded it will show up with a title number. Where they bought back in the 70’s it's conceivable it may be not yet registered. The property could still be revealed but with the title number shown 'na'. In this scenario you will need to track down the original title papers which could be with your parent’s lender.