I have given 2 months notice to my current landlord and have to be out of my let out property in Custom House by the end of next month. Conveyancing for my house purchase is progressing. How realistic is it to complete in six weeks as don't want to have to find short term accommodation?
The normal practice is not to provide notice for your tenancy until you have exchanged. Assuming that you have not previously done so, contact to your solicitor and request that they chase the sellers lawyers, try to get a realistic time scale from them that all parties will look to achieve
Due to the guidance of my in-laws I had a survey completed on a property in Custom House in advance of appointing conveyancers. I have been informed that there is a flying freehold overhang to the property. Our surveyor has said that some mortgage companies will not give a loan on such a house.
It varies from the lender to lender. Lloyds has different requirements from Birmingham Midshires. If you e-mail us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Custom House. Conveyancing will be smoother if you use a solicitor in Custom House especially if they are acquainted with such properties in Custom House.
I'm remortgaging my existing property to a BTL mortgage with Bank of Scotland and I will use the ballance of the raised equity towards a second property. The location we are talking about is Custom House. Will your lawyers be able to act for the two banks and link together the transactions?
Do use our comparison tool on this page to be sure that the solicitors are on the appropriate lender panels. On the basis that they are the lawyer will be able to simultaneously deal with the two deals but you should have a chat with you solicitor and make apparent your expectations and needs.
I am looking for a conveyancing lawyer in Custom House for my remortgage. Is there any facility to review a firm’s complaints history with the profession’s regulator?
Anyone can review published Solicitor Regulator Association (SRA) determinations resulting from inquisitions commenced on or after 1 January 2008. Go to Check a solicitor's record. For information Pre 2008, or to check a firm's history, ring 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, use +44 (0)121 329 6800. The regulator sometimes monitor call for training purposes.
Having spent months of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Custom House. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to decide the amount due.
An example of a Lease Extension decision for a Custom House premises is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case related to 1 flat. The unexpired term as at the valuation date was 69.77 years.
What makes a Custom House lease problematic?
There is nothing unique about leasehold conveyancing in Custom House. Most leases are individual and legal mistakes in the legal wording can sometimes mean that certain sections are not included. The following missing provisions could result in a defective lease:
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Clauses dealing with recovering service charges for expenditure on the building or common parts. Insurance obligations
You may encounter a problem when selling your property if you have a defective lease primarily because it impacts on the ability to obtain a mortgage on the property. Halifax, Skipton Building Society, and Godiva Mortgages Ltd all have express requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to provide security, forcing the buyer to pull out.
My fiance and I are buying a four room flatin Custom House with a mortgage from a lender. We would like to retain our solicitor in Custom House yet our bank inform us now that she’s not listed on their "panel". We have to appoint one of the our bank panel firms or stay with our Custom House conveyancer and pay for one of their panel ones to represent our lender. We feel as though this is unjust; Can we not simply insist that our mortgage company use our Custom House lawyer?
Unfortunately,no. The bank mortgage offered to you is subject to its terms and conditions, one of which will be that lawyers will on the bank's conveyancing panel. Until recently, most lenders had open panels, including almost all conveyancing solicitors in Custom House : a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for your bank.