We are expecting a mortgage offer soon. The bank mentioned the loan came with free conveyancing. Does this mean I have to instruct their panel solicitor as I would prefer to appoint a West Beckton based conveyancing firm?
You should check but the chances are that appoint one of their panel lawyers should you accept the "fee-free" incentive. Contact the bank to explore if they offer you a monetary alternative. Some lenders have previously offered a £250 cashback as a further option in which case you could put that amount towards your preferred conveyancing solicitor near West Beckton.
What does a local search inform me regarding the property I am purchasing in West Beckton?
West Beckton conveyancing often starts with the applying for local authority searches directly from your local Authority or via a personal search organisations for example Searchflow The local search is essential in every West Beckton conveyancing purchase; that is if you don’t want any nasty surprises after you move into your new home. The search should reveal information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
I decided to have a survey done on a property in West Beckton prior to instructing conveyancers. I have been informed that there is a flying freehold overhang to the house. My surveyor has said that some banks will refuse to issue a mortgage on a flying freehold property.
It depends who your proposed lender is. Santander has different instructions from Halifax. If you contact us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in West Beckton. Conveyancing may be slightly more expensive based on your lender's requirements.
How difficult is it to change firm as I need to find one who is on the Coventry Building Society conveyancing panel. I had appointed a local conveyancing solicitor in West Beckton round the corner but he is not approved by Coventry Building Society
We will our best to assist in finding you a conveyancing solicitor in West Beckton on the Coventry Building Society panel. Please note that the conveyancers that we list do not pay us a referral fee if you instruct them and are regulated by the SRA who oversee all conveyancing solicitors in West Beckton. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in West Beckton.
Can you provide any top tips for leasehold conveyancing in West Beckton with the purpose of expediting the sale process?
- Much of the frustration in leasehold conveyancing in West Beckton can be reduced if you appoint lawyers the minute you market your property and ask them to collate the leasehold documentation which will be required by the buyers’ solicitors. If you have the benefit of shareholding in the freehold, you should make sure that you are holding the original share document. Organising a replacement share certificate is often a time consuming formality and slows down many a West Beckton conveyancing deal. If a reissued share certificate is necessary, do contact the company director and secretary or managing agents (where applicable) for this as soon as possible. If there is a history of conflict with your freeholder or managing agents it is very important that these are resolved before the property is marketed. The purchasers and their solicitors will be reluctant to purchase a flat where there is an ongoing dispute. You may have to bite the bullet and discharge any arrears of service charge or resolve the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled prior to the contract papers being issued to the buyers’ solicitors. You will still have to reveal particulars of the dispute to the buyers, but it is clearly preferable to present the dispute as historic rather than unsettled. Some West Beckton leases require Licence to Assign from the landlord. If this applies to your lease, you should place the estate agents on notice to make sure that the purchasers put in hand bank and professional references. The bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors.
Following years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in West Beckton. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to make a decision on the price payable.
An example of a Lease Extension decision for a West Beckton residence is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case was in relation to 1 flat. The unexpired residue of the current lease was 69.77 years.
My wife and I plan to acquire our 1st house in West Beckton. Conveyancing solicitor has been selected. The broker suggested that a survey is not necessary as the property is only 20 yrs old.
You would be best advised to have a Home Buyer's Report. As the premises was constructed over a decade ago the property will not benefit from a warranty, so you don't want to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could be sufficient. The report should highlight any obvious problems and suggest additional investigation if relevant. Where there are any signs of problems get a comprehensive Building Survey from the beginning.