Much to our surprise we have been informed by our estate agent that my Ilford property lawyer is not on the bank Conveyancing panel. What can I do to be certain whether this is indeed the case?
The sensible course of action for you to take is to contact your Ilford lawyer directly. You lawyer should advise you of the situation. Where they are not on the panel they could put your in touch with solicitors on the approved list of lawyers for your mortgage company.
Are the Ilford conveyancing solicitors identified as being on the Nationwide conveyancing panel, together with their details provided by Nationwide?
Ilford conveyancing firms themselves provide us confirmation that they are on the Nationwide conveyancing panel as opposed to being supplied with a list from Nationwide directly.
Do the Building Society Association intend to launch a online directory to to identify practices on the Loughborough BS conveyancing panel for instance in Ilford?
Lexsure has not been advised of any plans on the part of the BSA to develop such a tool.
The deeds to our property can not be found. The conveyancers who conducted the conveyancing in Ilford 10 years ago no longer exist. What are my options?
In today’s world there are copies made of almost everything, and your lawyer will know precisely where to look for all the appropriate paperwork so you may purchase or sell your property without any difficulty. If copies can’t be located, your lawyer can arrange cover in the form of insurance or indemnities protecting you against possible claims on your property.
Over the last few months I have been searching for a flat up to £195,000 and identified one round the corner in Ilford I like with open areas and transport links nearby, the downside is that it only has 49 remaining years left on the lease. I can't really find anything else in Ilford for this price, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you can request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
I have just appointed agents to market my garden flat in Ilford.Conveyancing lawyers have not yet been instructed however I have recently had a yearly maintenance charge invoice – should I leave it to the buyer to sort out?
It best that you clear the service charge as normal because all ground rent and maintenance invoices will be allottedas part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process