Finally the sale completed on my house in Chadwell Heath last October but my buyer keeps telephoning daily to moan that her conveyancer needs to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
After completion of your house sale your lawyer should forward the transfer documentation and all supplemental paperwork to the purchaser's solicitors. Where relevant, your lawyer must also evidence that the legal charge in favour of the lender has been repaid to the purchasers solicitors. There are no post completion procedures peculiar conveyancing in Chadwell Heath.
I have been recommended a conveyancing solicitor in Chadwell Heath. I need to find out whether they are on the Lloyds TSB Bank conveyancing panel. Could you or the lender confirm if they are on the panel?
The first thing to do is call your solicitor and enquire if they can act for the bank. Alternatively you should get in touch with Lloyds TSB Bank who may be able to confirm.
I am helping my step-mother sell her property in Chadwell Heath. Will the conveyancer arrange an EPC or it is for the owner to see to?
After the demise of HIPs, energy assessments was maintained a required element of selling a house. An EPC needs to be to hand in advance of the property being advertised. This is not as aspect of the sale process that law firms normally arrange. Where you are instructing a Chadwell Heath conveyancing lawyer they may help arrange energy performance certificates due to their relationships with long established local assessors
How can we know in advance if a Chadwell Heath conveyancing solicitor on the Co-operative panel is any good?
When it comes to conveyancing in Chadwell Heath obtaining recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor conducting your transaction.
I have today made my last payment due on my mortgage with Virgin Money. I assume I don't need a Chadwell Heath conveyancer on the Virgin Money panel to discharge the mortgage at the Land Registry. Please confirm.
If you have finished paying off your Virgin Money mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Virgin Money mortgage from the register. Virgin Money, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Virgin Money has sent the Land Registry the discharge electronically, and
- Virgin Money has instructed the Land Registry to do so
I'm buying my first flat in Chadwell Heath with the aid of help to buy. The developers refused to move on the amount so I negotiated 6k of additionals instead. The estate agent advised me not disclose to my lawyer about the deal as it could impact my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Chadwell Heath before retaining conveyancers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some mortgage companies will refuse to grant a mortgage on a flying freehold home.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you e-mail us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Chadwell Heath. Conveyancing will be smoother if you use a solicitor in Chadwell Heath especially if they are familiar with such properties in Chadwell Heath.
Do you have any top tips for leasehold conveyancing in Chadwell Heath with the intention of expediting the sale process?
- Much of the frustration in leasehold conveyancing in Chadwell Heath can be reduced where you get in touch lawyers the minute you market your property and request that they start to put together the leasehold documentation needed by the purchasers’ representatives. The majority of freeholders or managing agents in Chadwell Heath charge for providing management packs for a leasehold property. You or your lawyers should discover the actual amount of the charges. The management information sought as soon as you have a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent reason for frustration in leasehold conveyancing in Chadwell Heath. You may think that you are aware of the number of years remaining on your lease but it would be wise to double-check by asking your lawyers. A buyer’s conveyancer will not be happy to advise their client to where the lease term is under 80 years. In the circumstances it is important at an as soon as possible that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. If you hold a share in a the Management Company, you should ensure that you are holding the original share document. Obtaining a new share certificate is often a lengthy process and slows down many a Chadwell Heath home move. Where a duplicate share certificate is needed, you should approach the company director and secretary or managing agents (where applicable) for this sooner rather than later.
I own a basement flat in Chadwell Heath. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
if there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the LVT to judgment on the amount due.
An example of a Lease Extension decision for a Chadwell Heath premises is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case affected 1 flat. The unexpired lease term was 61.36 years.