I am assisting my aunt sell her property in Blackwall. Does the solicitor arrange the EPC or do I organise this?
After the abolition of HIPs, EPC’s was left as a required component of selling a property. An energy assessment should be commissioned prior to the property being marketed. It is not a task that solicitors ordinarily arrange. If you are using a Blackwall conveyancing lawyer they might be able to arrange energy assessments given their relationships with reputable Blackwall providers
We are getting a further advance on our home loan from Nottingham as we want to conduct alterations to our home in Blackwall. Do we need to select a nearby Blackwall solicitor on the Nottingham conveyancing panel to handle the legals?
Nottingham do not ordinarily instruct firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham conveyancing panel.
I have a mortgage with Aldermore for my property in Blackwall. Conveyancing has been completed 12 months ago. In the event that I decide to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Aldermore?
Aldermore must be informed of your intention in advance of letting out your property as this is likely to be a breach of Aldermore’s mortgage conditions. In many cases banks or building societies will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Aldermore directly. You need not do this via a Aldermore conveyancing panel solicitor.
I have justdiscovered that Arc property Solicitors have been shut down. They carried out my conveyancing in Blackwall for a purchase of a freehold house 18 months ago. How can I establish that the property is registered correctly in the name of the former proprietor?
The easiest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Blackwall conveyancing specialists.
I'm buying a new build house in Blackwall with a mortgage from Barclays Direct. The developers would not move on the amount so I negotiated £7000 of additionals instead. The property agent suggested that I not reveal to my solicitor about the side-deal as it would affect my loan with the lender. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
My husband and I are FTB’s - agreed a price, yet the property agent told us that the seller will only go ahead if we instruct their chosen solicitors as they are insisting on an ‘expedited deal’. My instinct tells me that we should use a family solicitor accustomed to conveyancing in Blackwall
We suspect that the seller is not behind this ultimatum. If they desire ‘a quick sale', taking such a hostile approach to a serious purchaser is going to damage their objectives. Speak to the owners direct and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you are going to use your preferred Blackwall conveyancing solicitors - as opposed tothe ones that will provide the estate agent a commission or meet his conveyancing figures demanded by head office.
What advice can you give us when it comes to choosing a Blackwall conveyancing practice to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Blackwall conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of work. We suggest that you talk with several firms including non Blackwall conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be helpful:
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What are the costs for lease extension conveyancing? How many lease extensions has the firm carried out in Blackwall in the last 12 months?
I am the registered owner of a basement flat in Blackwall. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Absolutely. We can put you in touch with a Blackwall conveyancing firm who can help.
An example of a Freehold Enfranchisement decision for a Blackwall premises is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case related to 3 flats. The unexpired term as at the valuation date was 101.61 years.
I am in the process of buying my first house in Blackwall. Conveyancing practitioner has been instructed. The mortgage adviser pointed out that a survey is not appropriate as the property was only constructed in 2001.
At the very least you should have a Home Buyer's Report. Given the residence was constructed over a decade ago the property will be without a warranty, so you would be well advised not to take a risk. For a property that age with no signs of defects a Home Buyer's report could be sufficient. They will highlight any obvious problems and recommend additional investigation where appropriate. Where there are any indications of problems obtain a full Building Survey from the beginning.