Can I use your services to recommend a Conveyancing solicitor in Walthamstow even if I’m not buying or disposing of a house, for instance where I intend to acquire an office in Walthamstow with a mortgage from Birmingham Midshires?
Our comparison service is mainly used to select residential conveyancing solicitors in Walthamstow but we have set out at the end of this page a selection of Walthamstow commercial conveyancing firms. You will need to speak with the company directly to establish if they are also authorised to represent Birmingham Midshires
I am about to put an offer on a leasehold property in Walthamstow. The selling agents advise that it is usual for flats in Walthamstow to have less than 75 years remaining. I am obtaining a mortgage with Platform. Is this going to be acceptable if the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 22/11/2022 the requirements read as follows :
I am the single beneficiary of my late grandmother’s estate with all property in now in my sole name, including the house in Walthamstow. Conveyancing formalities meant that the Land Registry date was in October. I now wish to sell up. I understand that there is a Mortgage Lenders 6 month 'rule', meaning my property ownership may be regarded the same way as if I'd bought the house in October. Do I have to wait 6 months to sell?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you could be impacted by that. How sensible a view lenders take of it, depend on the bank as this provision is chiefly there to pick up on the purchase and immediately sell or the flipping of properties.
I am buying a property in Walthamstow. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Leeds Building Society be concerned?
Given that you are obtaining a mortgage with Leeds Building Society your lawyer must check the conveyancing requirements set out in Part two of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook includes minimum provisions for solar panel roof-space leases, and solicitors are required to report to Leeds Building Society where a lease fails to comply with these specifications. The conditions relate to the installation of panels on properties nationwide and is not isolated to Walthamstow.
The formalities of my purchase has taken place for my property in Walthamstow. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service with full details of your complaint.
We are planning on selling our home in Walthamstow and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Walthamstow conveyancer would know that there is no such problem. For the life of me I don't know why the buyers are using a national conveyancing outfit rather than a conveyancing solicitor in Walthamstow. We have lived in Walthamstow for three years we know of no issue. Should we get in touch with our local Authority to get confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
Should I choose a Walthamstow conveyancing practitioner in close proximity to the house I am buying? I have an old university friend who can handle the legal work however her office is approximately 350miles drive away.
The primary upside of using a local Walthamstow conveyancing firm is that you can visit the firm to execute documents, deliver your ID and pester them where appropriate. They will also have local intelligence which is a benefit. That being said it's more important to get someone that will pull out all the stops for you. If other friends have instructed your friend and on the whole were impressed that should outweigh using an unfamiliar Walthamstow conveyancing lawyer just because they are based in the area.
Can you provide any top tips for leasehold conveyancing in Walthamstow from the perspective of expediting the sale process?
- A significant proportion of the delay in leasehold conveyancing in Walthamstow can be reduced if you instruct lawyers the minute your agents start advertising the property and request that they start to collate the leasehold documentation which will be required by the purchasers’ representatives. If you have had any disputes with your landlord or managing agents it is very important that these are settled prior to the flat being marketed. The purchasers and their solicitors will be reluctant to purchase a property where there is an ongoing dispute. You may have to bite the bullet and pay any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You are still duty bound to disclose details of the dispute to the purchasers, but it is better to present the dispute as over as opposed to unresolved. The majority of freeholders or Management Companies in Walthamstow levy fees for providing management packs for a leasehold home. You or your lawyers should discover the fee that they propose to charge. The management pack sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent cause of delay in leasehold conveyancing in Walthamstow. In the event that you altered the property did you need the Landlord’s consent? In particular have you laid down wooden flooring? Most leases in Walthamstow state that internal structural alterations or installing wooden flooring necessitate a licence from the Landlord acquiescing to such alterations. If you fail to have the consents in place you should not communicate with the landlord without checking with your solicitor in the first instance.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can the Leasehold Valuation Tribunal decide on such matters? Can you recommend a Walthamstow conveyancing firm to represent me?
Most definitely. We are happy to put you in touch with a Walthamstow conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Walthamstow 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 lease term was 72.02 years.