The owners have rather pushy sellers who has suggested a exclusivity agreement with a deposit 10k. Is it wise to enter into such agreements?
This kind of contract is unusual in Havering-atte-Bower, conveyancers are often found to veer clients away from them as they detract from focusing on the main conveyancing focus and if you end up losing your deposit then the lawyer is left exposed. In addition, there is no certainty that just because the seller has entered into a lock out contract they will complete the sale with you. They may be tempted to break the contract if they receive a big enough incentive to do so because a wronged claimant with the benefit of a lockoutcontract will still be duty bound to show losses as a consequence of the breach and this may not amount to the extra amount that your vendor may gain by breaching the contract, however morally shameful the behaviour is.
We see that you have a search directory identifying law firms on the Aldermore conveyancing panel. Do companies pay you a commission if I instruct them for our conveyancing in Havering-atte-Bower?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Havering-atte-Bower.
My wife and I buying a end of terrace house in Havering-atte-Bower. The intention is to carry out an extension to the side at the property.Will legal investigations on the property involve enquiries to see if these works are allowed?
Your solicitor will check the registered title as conveyancing in Havering-atte-Bower will sometimes identify restrictions in the title deeds which restrict certain works or need the consent of a 3rd party. Certain works need local authority planning consent and approval in compliance with building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
I am buying a property in Havering-atte-Bower. One unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Principality be concerned?
Given that you are obtaining a mortgage with Principality your lawyer must comply with the conveyancing requirements set out in Section 2 of UK Finance Lenders’ Handbook for Principality. The CML Handbook stipulates minimum provisions for solar panel roof-space leases, and property lawyers are required to report to Principality where a lease fails to meet these provisions. The conditions relate to the installation of panels on properties nationwide and is not isolated to Havering-atte-Bower.
After what feels like an age I have had an offer on a flat in Havering-atte-Bower agreed to, but there is a chain. The owners have offered on somewhere, however it’s not been accepted yet, and are looking at other apartments in the pipeline. I have chosen a local conveyancing solicitor in Havering-atte-Bower. What do I do now? When should I get the mortgage application with Santander started?
It is usual to have concerns where there is a chain as you are unlikely to want to be too out of pocket prematurely (home loan application is in the region of one thousand pounds, then valuation, Havering-atte-Bower conveyancing search fees, etc). The first thing to do is ensure that your conveyancing practitioner is on the Santander approved list. As to the subsequent stages this very much dictated by the specifics of your transaction, attraction to this property and on the state of the market. During a hot market some purchasers would apply for the mortgage with Santander and pay for the valuation and only if it comes back ok would they ask their conveyancing practitioner to move forward with searches.
How does conveyancing in Havering-atte-Bower differ for new build properties?
Most buyers of new build or newly converted property in Havering-atte-Bower contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the property is built. This is because builders in Havering-atte-Bower tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Havering-atte-Bower or who has acted in the same development.
I own a ground-floor 1950’s flat in Havering-atte-Bower. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal make a decision on the amount due for the purchase of the freehold?
Absolutely. We can put you in touch with a Havering-atte-Bower conveyancing firm who can help.
An example of a Lease Extension case for a Havering-atte-Bower flat is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The number of years remaining on the existing lease(s) was 57.5 years.
What are the common problems that you encounter in leases for Havering-atte-Bower properties?
There is nothing unique about leasehold conveyancing in Havering-atte-Bower. Most leases are drafted differently and legal mistakes in the legal wording can sometimes mean that certain sections are missing. The following missing provisions could result in a defective lease:
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Repairing obligations to or maintain parts of the premises
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Nationwide Building Society, The Royal Bank of Scotland, and TSB all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the purchaser to pull out.
Been searching for a conveyancing practitioner for leasehold sale conveyancing in Havering-atte-Bower. We are selling, uncomplicated no mortgage to discharge, no hurry, currently vacant. Received an estimate from a solicitor for nine hundred pounds plus VAT which is a little expensive considering its so straightforward. Is it possible to find less expensive fees for conveyancing in Havering-atte-Bower?
As it’s a sale only, £450 + VAT is likely to be about the lowest for a Havering-atte-Bower solicitor firm.