We are about to sign contracts for a leasehold flat in Leyton. We encountered a problem. The loan offer with Aldermore expires on 31/10/2025 but the owners are insisting on a completion date of 4/11/2025. Can one extend the mortgage expiry date?
The person best placed to deal with your concern is your solicitors who will determine if he or she is corresponding with the mortgage company, seller’s solicitors, property agents or possibly all three based on the history of your conveyancing to date.
Is there a reason why leasehold purchase conveyancing in Leyton costs more?
The conveyancing costs for a leasehold premises in Leyton is often greater as compared to a freehold property. This is due to the additional work required in communicating with the landlord and management company to obtain evidence about whether the rent and maintenance charges have been discharged and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the block.
If you had a top tip for selecting a conveyancing solicitor in Leyton what would it be?
We would encourage you not to base your choice on the lowest Leyton conveyancing fees. You really do get what you pay for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you go into the conveyancing with your eyes wide open.
Are all Leyton Conveyancing Quality Solicitors on the Bank of Ireland conveyancing list of approved practices?
It is true that some lenders now use CQS as the kick off point for Panel membership such as HSBC and Santander. CQS accreditation however is no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for firms wishing to remain on their panels.
Completion of my purchase has taken place for my property in Leyton. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Almost all banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Team at head office. In most cases complaints to a lender are sorted out very quickly. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
We are downsizing from our home in Leyton and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. Any local lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used an online conveyancing firm rather than a conveyancing solicitor in Leyton. We have lived in Leyton for three years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
I've recently found out that there is a flying freehold issue on a property I have offered on last month in what was supposed to be a straight forward, chain free conveyancing. Leyton is the location of the property. What do you suggest?
Flying freeholds in Leyton are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Leyton you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Leyton may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I need to appoint a conveyancing solicitor for purchase conveyancing in Leyton. I have chance upon a web site which seems to have the ideal answer If there is a chance to get all the legals completed via email that would be preferable. Do I need to be wary? 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?