Why do I have to pay up front for conveyancing in Whitechapel?
If you are buying a property in Whitechapel your solicitor will request that you place them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the deposit is as part of the purchase price then this will be needed shortly prior to exchange of contracts. The closing balance that is due should be sent to your lawyer shortly before completion.
We're in Whitechapel, FTBs buying with a mortgage (lender is Virgin Money , and our lawyer is on the Virgin Money conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Virgin Money conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I am helping my aunt sell her house in Whitechapel. Will the solicitor arrange an EPC or do I organise this?
After the abolition of HIPs, EPC’s remained a compulsory element of moving house. An energy performance certificate should be commissioned in advance of the property being put on the market. This is not a task that lawyers ordinarily organise. If you are instructing a Whitechapel conveyancing lawyer they might be able to arrange EPC’s due to their relationships with long established local providers
I just acquired a house at auction in Whitechapel. Conveyancing is necessary. What is next?
Having exchanged you now have to hire the services of a conveyancing practitioner quickly as you are faced with a pending a fixed date to complete the deal. An auction property will have an associated legal set of papers. This should include most,if not all of the documents that your lawyer will need. If you have purchased leasehold premises the legal papers should contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation specific to leasehold premises. You need to pass this on to your appointed conveyancing solicitor at the earliest opportunity. Do make sure that your finances are in order to complete on the date specified in the contract.
Does a directory service exist listing UBS panel conveyancers in Whitechapel on the UK Finance Lenders’ Handbook Website?
No. There is no such directory service on the Council of Mortgage Lenders or Building Society Association websites. A small selection of lenders make their panel listings visible online. If you are in need of a Whitechapel conveyancing practitioner on the UBS please make the most of our facility.
I appreciate that there are debates on Chancel Insurance on online forums. Do I need chancel insurance when buying a property in Whitechapel? or I am told that there is historic law that means some house owners living in a parish church boundary will be compelled to contribute towards maintenance to the chancel within the church. Is this appropriate for conveyancing in Whitechapel?
Unless a previous purchase of the premises took place after 12 October 2013 you may take it that lawyers delivering conveyancing in Whitechapel to continue to advocate a chancel search and or chancel repair liability policy.
About to purchase a new build apartment in Whitechapel. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Whitechapel
-
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
I am a negotiator for a long established estate agency in Whitechapel where we have witnessed a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Whitechapel conveyancing solicitors. Please can you confirm whether the owner of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I have given up trying to purchase the freehold in Whitechapel. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We can put you in touch with a Whitechapel conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Whitechapel property is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired lease term was 107 years.