When can the exchange of contracts happen for sale conveyancing in Plaistow and do I need to be at the solicitors office?
Where you are round the corner to our conveyancing solicitors in Plaistow you are invited in to sign documents. However, the law practices we work with supply a national conveyancing service and provide just as detailed and professional a job for you when communicating with you by post or email. The executing of the property agreement is not the critical part. Signing on the dotted line is just a prerequisite for the solicitor to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Plaistow)to be in the office available at the end of the phone to exchange contracts.
I am considering applying for a Santander mortgage for purchase of a newly converted (under development) in Plaistow with 65 per cent LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Santander ?
In theory, you could use a solicitor that is not on the Santander conveyancing panel, but Santander would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same conveyancing matter.
I am looking for a leasehold apartment up to £195,000 and found one close by in Plaistow I like with a park and transport links in the vicinity, the downside is that it only has 61 years unexpired on the lease. I can't really find anything else in Plaistow suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a home loan that many years will likely be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
My husband and I are new on the property ladder - had an offer accepted, but the selling agent has warned us that the vendor will only move forward if we use their recommended solicitors as they need an ‘expedited deal’. We would rather use a high street solicitor with experience of conveyancing in Plaistow
It is improbable the vendors are driving this. Should the owner want ‘a quick sale', taking such a hostile approach to a genuine purchaser is going to damage their objectives. Avoid the agents and go straight to the sellers and make sure they understand (a)you are keen to buy (b)you are ready to go, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you are going to use your own,trusted Plaistow conveyancing firm - as opposed tothe ones that will provide the estate agent a introducer fee or meet his conveyancing targets pre-set by head office.
My wife and I purchased a leasehold house in Plaistow. Conveyancing and Britannia mortgage are in place. I have received a letter from someone claiming to own the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Plaistow who acted for me is not around. What should I do?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. It is not necessary to instruct a Plaistow conveyancing firm to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the rightful landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
My wife and I have hit a brick wall in trying to purchase the freehold in Plaistow. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most certainly. We are happy to put you in touch with a Plaistow conveyancing firm who can help.
An example of a Lease Extension decision for a Plaistow flat is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case affected 1 flat. The unexpired residue of the current lease was 69.77 years.
Why do I have to send my lawyer with numerous items of ID ahead of starting selling or buying a property in Plaistow?
Plaistow conveyancers are duty bound by the Law Society, Solicitors Regulation Authority, HM Land Registry and current Money Laundering legislation to certify that the have verified the identity of their clients. It will also be a requirement of your mortgage offer. Furthermore they have to complete various forms, particularly those relating to SDLT and need to have details such as your full names, NI number and DOB.