My husband and I are purchasing a 2 bedroom apartment in Forest Gate with a mortgage. We have a Forest Gate solicitor, however the bank says he's not on their "panel". It appears that we have little choice but to instruct one of the bank panel firms or retain our Forest Gate lawyer and pay for one of their panel ones to act for them. We consider that this is unjust; can we not require that the mortgage company use our Forest Gate lawyer ?
Unfortunately,no. Your mortgage offer 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 large numbers of law firms on their panels: 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 Forest Gate conveyancing solicitor to apply to be on the conveyancing panel.
We are purchasing a apartment in Forest Gate. I might seem paranoid but how we can trust a lawyer? At some point we have to put our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
Completion of my purchase has taken place for my property in Forest Gate. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Almost all lenders have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. Ordinarily complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Barclays have agreed my home loan in principle, my offer on a apartment in Forest Gate has been accepted, what happens next?
The estate agent will wish to be informed of your property lawyer's details (ensure that the solicitors are on the bank’s approved list). Contact Barclays or your broker and complete any outstanding paperwork. Barclays will appoint a valuer who will get in contact with the estate agent or owners to schedule an appointment. Once carried out (assuming no problems) it takes about a fortnight to get a mortgage offer. Barclays will issue the offer to you and your conveyancers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Forest Gate.
I'm purchasing a new build house in Forest Gate with the aid of help to buy. The builders refused to budge the price so I negotiated five thousand pounds worth of additionals instead. The property agent suggested that I not to tell my lawyer about this side-deal as it may put at risk my loan with the lender. Is this normal?.
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.
I have been recommended by numerous property agents in Forest Gate to locate a property lawyer on your site. What’s the financial upside for Estate Agents to recommend your lawyers over alternative conveyancing organisations?
We refuse to offer any referral fee for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission because home movers will think, ‘Why is the agent getting a kickback? Why am I not receiving any benefit too?’ So we decided to step away from that.
I need to appoint a conveyancing solicitor for leasehold conveyancing in Forest Gate. I have discover a site which appears to be the ideal offering If there is a chance to get all the legals done via phone that would be preferable. Do I need to be concerned? What should out be looking out for?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
My wife and I purchased a leasehold flat in Forest Gate. Conveyancing and HSBC Bank mortgage organised. I have received a letter from someone saying they have taken over the freehold. It included a ground rent demand for rent dating back to 1998. The conveyancing solicitor in Forest Gate who acted for me is not around. Any advice?
First contact the Land Registry to make sure that this person is in fact the new freeholder. It is not necessary to incur the fees of a Forest Gate conveyancing lawyer to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a ground-floor 1960’s flat in Forest Gate. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum due for a lease extension?
if there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the sum to be paid.
An example of a Freehold Enfranchisement case for a Forest Gate property is 52 & 54 Green Street in February 2010. Following a vesting order by the County Court the Tribunal decided that the price that the Applicant for the freehold interest should pay is £20,543 This case related to 2 flats. The unexpired term as at the valuation date was 78 and 80.