My fiance’s dad is a conveyancer. I expect that I'll be able to get friends and family pricing for conveyancing, but if not, what kind of fees should I be paying for conveyancing in Wanstead?
It’s wise to seek 3 or more like-for-like conveyancing estimates. Do use our search tool on this page. The charges may contrast greatly but the service one can expect are distinct between property lawyers as is true with the vast majority of professional services.
Me and my partner are about to exchange buying a house in Wanstead but as a result of damage from a small fire at the property I have was able negotiate recompense from the owner in the sum of £2k taking the form of a reduction in the price. This was going to be addressed as part of the conveyancing process however Santander will not agree to this. Why were they notified?
Any lawyer being on the Santander conveyancing panel is duty bound to advise Santander of any variations to the purchase price. If you were to refuse your conveyancer to notify the price change to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new solicitor for your conveyancing in Wanstead.
My bid for a property was accepted at auction in Wanstead. Conveyancing is needed. What are my next steps?
Given that you have now exchanged you will need to appoint a conveyancing solicitor as a matter of priority as you are facing a fast approaching a drop dead date to complete the purchase. An auction property should have a bespoke legal pack. This should include evidence of title and search results. In the case of leasehold premises the legal papers may provide a copy of the lease, management information and a sellers leasehold information form and associated conveyancing documentation specific to a leasehold property. You must hand this to your appointed conveyancing solicitor ASAP. Do make sure that you have funds organised to complete on the on the contractual date .
I am the sole beneficiary of my late father’s estate and I have everything in my name alone, including the my former home in Wanstead. Conveyancing formalities meant that the Land Registry date was in August. I plan to dispose of the house. 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 August. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook mandates conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view banks take of it, depend on the mortgage company as this requirement chiefly exists to capture subsales or the flipping of property.
I recently had an offer accepted on a house in Wanstead. My mortgage broker pressured me to appoint their conveyancing practitioner. I paid an advanced payment of £150. Shortly after, the property lawyer called me to say that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I decided to have a survey carried out on a house in Wanstead ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. Our surveyor advised that some mortgage companies will not grant a loan on this type of premises.
It varies from the lender to lender. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Wanstead. Conveyancing will be smoother if you use a solicitor in Wanstead especially if they regularly deal with such properties in Wanstead.
What makes your site different to other online quote calculators when it comes to conveyancing in Wanstead?
At this site obtain a conveyancing quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Wanstead. As opposed to estate agents and brokerage sites we do not charge firms a commission if you instruct them for your property ownership legalities in Wanstead
Last April I purchased a leasehold property in Wanstead. Do I have any liability for service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a ground-floor 1950’s flat in Wanstead. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to determine the premium.
An example of a Freehold Enfranchisement case for a Wanstead premises is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case was in relation to 2 flats. The unexpired term was 73.92 years.