My financial adviser has requested my Bethnal Green solicitor’s panel reference for the HSBC conveyancing panel. Can you suggest how I discover this. I have called my local Bethnal Green office but they have not got back to me yet.
You are best placed to get this information from your Bethnal Green lawyer . They maintain a central record lender panel numbers.
The sellers of the property we are purchasing have instructed a conveyancing practitioner in Bethnal Green who has insisted on a lock out agreement with a deposit 10k. Are such agreements sensible?
There are a couple of primary drawbacks with executing a lock out contract (sometimes referred to as a shut-out contract) is that it can distract from making progress with the conveyancing transaction itself, so in the absence of it needing minimal or no negotiation then it could transpire to be a hindrance. It is not strongly advocated by Bethnal Green conveyancing lawyers as a result. A further issue is the extent of the remedies available - an aggrieved buyer is very unlikely to obtain injunctive relief to prevent the seller selling to an alternative purchaser, so the only remedy available under the contract will be the reimbursement of abortive costs and, in rare situations, the additional payment of damages.
I am considering applying for a Barclays mortgage for purchase of a new build (under development) in Bethnal Green with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Barclays ?
There is nothing to stop you using your solicitor, but Barclays will insist on their interests being represented by a firm on their conveyancing panel. There is greater potential for delays and confusion with an additional lawyer added to the mix, and it will undoubtedly be more expensive too.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Bethnal Green and how can you help?
The 1954 Act gives a safeguard to business leaseholders, giving them the dueness to make a request to court for a continuation of occupancy when the lease comes to an end. There are limited grounds that a landlord can refuse a lease renewal and the rules are complicated. We are happy to direct you to commercial conveyancing practices who use the act for protection and handle your commercial conveyancing in Bethnal Green
My brother has urged me to use his conveyancers in Bethnal Green. Should I find my own conveyancer?
There are no two ways about it it’s preferable to choose a conveyancing lawyer is to have referrals from friends or relatives who have experience in using the solicitor that you are contemplating using.
I wish to let out my leasehold flat in Bethnal Green. Conveyancing solicitor who did the purchase is retired - so can't ask her. Is permission from the freeholder required?
The lease dictates the relationship between the landlord and you the flat owner; specifically, it will set out if subletting is not allowed, or permitted but only subject to certain conditions. The accepted inference is that if the lease contains no specific ban or restriction, subletting is permitted. Most leases in Bethnal Green do not prevent an absolute prevention of subletting – such a provision would undoubtedly devalue the property. Instead, there is usually simply a requirement that the owner notifies the freeholder, possibly sending a duplicate of the sublease.
I have attempted and failed to negotiate with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Bethnal Green conveyancing firm to help?
if there is a absentee landlord or if there is dispute 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 Leasehold Valuation Tribunal to calculate the premium.
An example of a Lease Extension matter before the tribunal for a Bethnal Green flat is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The number of years remaining on the existing lease(s) was 72.39 years.