Much to our surprise we have been told by our IFA that my Lea Bridge solicitor is not on the bank Conveyancing panel. What can I do to be certain if this is indeed the case?
You need to call your Lea Bridge conveyancer. You lawyer should advise you what has happened. If they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
Having sold my house in Lea Bridge last July yet the purchaser is Skype messaging every few hours complaining that his solicitor is waiting to hear from mine. What should my lawyer have done now that I have sold?
Following your house sale your solicitor is committed to forward the transfer documentation and all of the paperwork to the purchaser's solicitors. Where relevant, your lawyer should also evidence that the legal charge in favour of the lender has been discharged to the buyers lawyers. There are no post completion steps specific conveyancing in Lea Bridge.
It has been 3 months following my purchase conveyancing in Lea Bridge concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I have been on the look out for a leasehold apartment up to £305k and found one round the corner in Lea Bridge I like with open areas and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. I can't really find anything else in Lea Bridge suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a home loan the shortness of the lease will be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this matter.
I'm refinancing my existing property to a buy to let mortgage with Platform Home Loans Ltd and intend to use the remaining equity as a deposit on a second house. The area we are interested in is Lea Bridge. Will your lawyers be able to act for the two lenders and link together the two deals?
Make use of our comparison tool on this site to ensure that the solicitors are approved by both banks. On the basis that they are the lawyer should be able to connect the two deals but you should have a chat with you conveyancer and make apparent your expectations and needs.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £325,000 garden flat in Lea Bridge next week. The freeholder has quoted £372 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is the landlord entitled to charge exorbitant fees for a flat conveyance in Lea Bridge?
Lea Bridge conveyancing on leasehold flats more often than not necessitates the buyer’s conveyancer submitting questions for the landlord to answer. Although the landlord is not legally bound to answer such questions most will be content to do so. They are at liberty to invoice a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it exceeds £800. The administration charge demanded by the landlord must be sent together with a summary of rights and obligations in relation to administration fees, without which the charge is not strictly payable. In reality one has no option but to pay whatever is demanded if you want to complete the sale of your home.
I inherited a two-bedroom flat in Lea Bridge. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
Most definitely. We are happy to put you in touch with a Lea Bridge conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Lea Bridge premises is 104 Nightingale Road in May 2009. The Tribunal's Decision is that the premium torbe paid for the enfranchisement in this case is £112,174 This case was in relation to 10 flats. The unexpired residue of the current lease was 71.25 years.