As someone unfamiliar with the Stratford conveyancing process what’s your top tip you can give me concerning the ownership transfer in Stratford
Not many law firms shout this from the rooftops but conveyancing in Stratford and elsewhere in London is often a confrontational process. In other words, when it comes to conveyancing there is an abundance of room for friction between you and others involved in the legal transfer of property. For instance, the vendor, estate agent and on occasion your bank. Appointing a law firm for your conveyancing in Stratford should not be taken lightly as your conveyancer is your adviser, and is the SOLE party in the transaction whose role it is to look after your best interests and to keep you safe.
Sometimes a potential adversary may try and persuade you that you should follow their advice. As an example, the estate agent may claim to be assisting by suggesting your solicitor is dragging his heels. Or your financial adviser may advise you to do something that is against your lawyers advice. You should always trust your lawyer above all other parties in the home moving process.
When it comes to mortgage companies such as Coventry BS, do Stratford conveyancing practitioners face a yearly amount to be on the list of approved solicitors?
We are not aware of any lender fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
Is there a list of Yorkshire BS panel conveyancers in Stratford on the Building Society Association’s Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lending institutions make their panel listings open the public on the web. If you are seeking to appoint a Stratford solicitor on the Yorkshire BS please use our facility.
How can we tell if a Stratford conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Stratford obtaining recommendations is a good start. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor handling your transaction.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Stratford?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the process of conveyancing in Stratford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I opted to have a survey completed on a property in Stratford before retaining lawyers. I have been told that there is a flying freehold element to the property. Our surveyor has said that some banks may refuse to give a loan on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stratford. Conveyancing will be smoother if you use a solicitor in Stratford especially if they are accustomed to such properties in Stratford.
I have been advised by a few property agents in Stratford to find a solicitor on your site. Is there a financial advantage for Estate Agents to market your site rather than alternative conveyancing organisations?
We don’t offer any commission for sending work in our direction. We thought it would be too underhand to pay a commission as home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
We expect to complete the disposal of our £375,000 maisonette in Stratford on Friday in a week. The landlords agents has quoted £324 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Stratford?
Stratford conveyancing on leasehold apartments more often than not necessitates the buyer’s conveyancer submitting questions for the landlord to address. Although the landlord is not legally bound to address these enquiries the majority will be willing to do so. They may levy a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some situations it is above £800. The administration charge invoiced by the landlord must be sent together with a summary of entitlements and obligations in respect of administration charges, without which the charge is not strictly payable. Reality however dictates that one has little option but to pay whatever is requested of you if you want to sell the property.
I am the registered owner of a two-bedroom flat in Stratford. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Absolutely. We can put you in touch with a Stratford conveyancing firm who can help.
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 unexpired term was 72.02 years.