The Wanstead conveyancing firm handling our Wanstead conveyancing has identified a difference between the assumptions in the valuation survey and what is in the title deeds. My solicitor has advised that he is obliged to check that the lender is happy with this discrepancy and is content to go ahead. Is my lawyer’s course or action right?
Your conveyancing practitioner must comply with the UK Finance Lenders’ Handbook specifications which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
is it true that all Wanstead solicitor firms on the Santander conveyancing panel are overseen by the SRA?
As a firm of solicitors, in order to be on the Santander conveyancing panel they would need to be governed by the SRA. Some mortgage companies do list licenced conveyancers on their panel and in that case the organisation would be governed by the CLC.
We have agreed to purchase a house in Wanstead. An 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 your lender is Leeds Building Society your lawyer must follow the conveyancing requirements set out in Part two of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook contains minimum conditions for solar panel roof-space leases, and solicitors are required to report to Leeds Building Society where a lease does not meet these requirements. The specifications relate to the installation of panels on properties countrywide and is not limited to Wanstead.
My husband and I are in the throws of viewing flats in Wanstead and I am now considering a potential offer. Is it advisable to have my conveyancing practitioner on ‘stand by’? I am planning to take a home loan with Yorkshire BS.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. Given that you are seeking a mortgage with Yorkshire BS, make sure you remember to check that your lawyer is on the Yorkshire BS conveyancing panel.
In what way does the Landlord & Tenant Act 1954 impact my commercial premises in Wanstead and how can your lawyers assist?
The particular law that you refer to gives security of tenure to business lessees, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refrain from granting a lease renewal and the rules are complicated. Fees are different for commercial conveyancing. Wanstead is one of the numerous locations in which our lawyers are located
I am using a search engine for the term on line conveyancing in Wanstead it shows results of many conveyancerslocally. With so much choice what is the best way to find the right conveyancer for my move?
The preferential method of finding the right conveyancer is through a trusted referral, so ask colleagues and family who have acquired a property in Wanstead or a respected estate agent or mortgage broker. Fees for conveyancing in Wanstead vary, so it's sensible to secure a minimum of three estimates from different companies. Make sure that you clarify that the fees are fixed.
What are your top tips when it comes to appointing a Wanstead conveyancing practice to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Wanstead conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Wanstead conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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How familiar is the practice with lease extension legislation? What are the costs for lease extension conveyancing?
Having spent months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Wanstead. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the LVT to make a decision on the premium.
An example of a Freehold Enfranchisement decision for a Wanstead flat is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case related to 2 flats. The remaining number of years on the lease was 73.92 years.
Me and my partner are FTB’s just having agreed a price on a property in Wanstead, and need to get solicitors instructed. I have made use of the various rating tools and the fee estimates are from all across the England and Wales. Is it important to have a Wanstead conveyancer local to our prospective property? I am content to do everything over email, but I am thinking at some stage we may be required to visit the conveyancer's office to sign papers?
The property lawyer does not need to be in Wanstead, but choosing local means that you can attend their offices if required, by way of example, if a signature is needed urgently. In addition, a Wanstead solicitor have established relationships with local agents and (if the vendor has instructed a local lawyer) with them, which will help smooth the process.