My wife and I are due to complete on the purchase of a house in Stratford but as a consequence of wreckage from the recent storms I have managed to agree recompense from the vendor of £3k taking the form of a reduction in the price. This was going to be dealt with as part of amending the contract but RBS will not agree to this. Should they have been informed?
Any solicitor being on a RBS conveyancing panel is obliged to advise RBS of any amendments to the sale price. If you were to refuse your conveyancer to notify the reduction to RBS then they would have to discontinue acting for you. In addition, RBS and you would have to appoint a new conveyancer for your conveyancing in Stratford.
We are purchasing a property in Stratford. I might seem paranoid but how we can trust a solicitor? At some point we have to deposit our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Forgive me if this question is silly but I am new to the home moving as a first time buyer of a two bedroom flat in Stratford. Do I pick up the keys to the house on completion from my lawyer? If this is the case, I will find a local conveyancing solicitor in Stratford?
On the day of completion you will not be required to attend the conveyancers office in Stratford. Your solicitors will arrange to send the completion advance to the seller's solicitors, and shortly after the monies have arrived, you will be called to receive the keys from the property Agents and move into your new home. This tends to happen early afternoon.
We are aiming to move house in October. Does my conveyancing solicitor liaise with the removal company on the day of completion. On a separate note, can you put forward a removal company in Stratford. Conveyancing solicitor was organised before I stumbled across this page.
On the day of completion you will need to pick up the keys from your property agent but this can only take place once the vendors solicitors confirm to the agent that they acknowledge receipt of the completion payment and the keys can be collected. You should inform the removal men that they can start moving you in. As a matter of policy we do not recommend a particular removal organisation but can help you find a residential property solicitor in Stratford or a legal practice that specialises in conveyancing in Stratford.
Have purchased a a detached house in Stratford , how long will it take for the Land Registry to deal with the formalities evidencing my title? My Stratford conveyancing solicitor works at snail pace, so I want to check the land registry aspects are addressed.
There is nothing unique when it comes to conveyancing in Stratford registration formalities. As opposed to being determined by geographic area, timescales can differ subject to the party submitting the application, whether there are errors and whether the Land registry communicate with any other persons or bodies. Currently approximately 80% of submission are completed in less than three weeks but some can be subject to extensive hold-ups. Registration is effected after the buyer is living at the property so an expedited registration is not usually primary concern yet if it is urgent that the the registration takes place urgently then you or your solicitor could speak with the land registry and explain the circumstances.
I am purchasing a new build house in Stratford benefiting from help to buy. The developers refused to budge the price so I negotiated five thousand pounds worth of extras instead. The property agent told me not to tell my conveyancer about the side-deal as it will impact my loan with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I need to retain a conveyancing solicitor for some conveyancing in Stratford. I happened to stumble across a site which appears to be the perfect solution If it is possible to get all formalities completed via email that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I have just appointed agents to market my ground floor apartment in Stratford. Conveyancing lawyers have not yet been instructed, but I have recently received a yearly service charge demand – what should I do?
It best that you pay the service charge as normal as all ground rent and service charges will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I have had difficulty in trying to reach an agreement for a lease extension in Stratford. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to calculate the price payable.
An example of a Freehold Enfranchisement matter before the tribunal 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 related to 2 flats. The unexpired residue of the current lease was 72.02 years.