My wife and I are soon to complete on the purchase of a house in Plaistow but as a consequence of wreckage from some water damage at the property I have was able negotiate recompense from the seller of three thousand pounds in the form of a reduction in the price. I had intended this to be addressed as part of the conveyancing process however Yorkshire BS are not allowing this. Should they have been informed?
Any conveyancing practitioner that is on the Yorkshire BS approved list is duty bound to disclose to Yorkshire BS of any variations to the purchase price. If you were to refuse your lawyer to report the reduction to Yorkshire BS then they would have to discontinue acting for you. In addition, Yorkshire BS and you would have to appoint a new property lawyer for your conveyancing in Plaistow.
How up to date is your database of Plaistow solicitors on the TSB conveyancing panel? Do TSB send you an updated list?
Plaistow conveyancing firms themselves provide us confirmation that they are on the TSB conveyancing panel as opposed to being supplied with a list from TSB directly.
I had intended to instruct a property lawyer in Plaistow for our home move. Our financial adviser informed us that our bank National Westminster Bank won't deal with them. Surely this is unfair competition?
A bank will insist on an approved conveyancer act for it. Borrowers are liable to bear the cost of this. Try using our search facility to select a solicitor to conduct conveyancing in Plaistow on the National Westminster Bank approved list of solicitors.
Are there restrictive covenants that are commonly picked up as part of conveyancing in Plaistow?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Plaistow. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
Due to the advice of my in-laws I had a survey completed on a house in Plaistow before instructing lawyers. I have been advised that there is a flying freehold aspect to the property. The surveyor has said that some lenders will refuse to issue a loan on a flying freehold property.
It varies from the lender to lender. Lloyds has different instructions from Halifax. Should you wish to call us we can look into this further 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 Plaistow. Conveyancing will be smoother if you use a solicitor in Plaistow especially if they are accustomed to such properties in Plaistow.
How does the Landlord & Tenant Act 1954 impact my commercial premises in Plaistow and how can you help?
The particular law that you refer to affords security of tenure to business tenants, giving them the a statutory right to apply to court for a new lease and remain in occupation when the lease comes to an end. There are certain specified grounds where a landlord can refrain from granting a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing firms who use the act for protection and assist with commercial conveyancing in Plaistow