I have given 2 months notice to my existing landlord and must be out of my let out apartment in Redbridge by 13/1/2026. Conveyancing on my purchase has just started. Is it possible to complete in three weeks as I wish to avoid having to find short term accommodation?
It is unwise to provide notice on a rental unless you have exchanged. If you have not previously done so, update to your lawyer and request that they seek the assistance the other side, try to an acceptable time-line that all parties will work towards
I happen to be the only beneficiary of my late grandmother’s estate and I have everything in my name now, including the house in Redbridge. Conveyancing formalities meant that the Land Registry date was in October. I plan to dispose of the property. I understand that there is a CML 6 month 'rule', meaning my property ownership may be treated the same way as if I'd bought the house in October. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook obliges conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be affected by that. How sensible a view mortgage companies take of it, depend on the mortgage company as this provision primarily exists to pick up on subsales or the flipping of property.
We previously appointed conveyancing lawyers with offices in Redbridge on the Santander solicitor approved list. They are now charging me an additional amount for handling the Santander mortgage. Is this a supplemental conveyancing fee specified by Santander?
As unfair as it may seem, as long as it’s in their Terms and Conditions or estimate then yes your lawyer is entitled to levy a fee for this. The charge is not dictated by Santander but by your Redbridge solicitor. Some firms on the Santander panel will quote ’dealing with mortgage’ fee but some practices include it on their overall fee.
Nationwide have agreed my mortgage in principle, my bid on a flat in Redbridge has been agreed to, what are the next steps?
The property agent will need to know who your solicitors are (be sure the solicitors are on the lender’s panel). Telephone Nationwide or your broker and finalise any outstanding documentation. Nationwide will sellect a valuer who will get in contact with the selling agent or owners to book an appointment. Once conducted (assuming no problems) it takes about a week to get a mortgage offer. Nationwide will issue the offer to you and your conveyancing practitioners. The legal work will then take it’s course according the nature and complexity of the conveyancing in Redbridge.
Will our solicitor be raising questions regarding flooding during the conveyancing in Redbridge.
The risk of flooding is if increasing concern for solicitors specialising in conveyancing in Redbridge. Plenty of people will acquire a property in Redbridge, completely aware that at some time, it may be flooded. However, aside from the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory building insurance, or sell the property. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Lawyers are not qualified to impart advice on flood risk, however there are a numerous searches that can be carried out by the purchaser or by their solicitors which can give them a better understanding of the risks in Redbridge. The standard property information forms supplied to a buyer’s lawyer (where the Conveyancing Protocol is adopted) includes a usual inquiry of the seller to find out whether the property has historically flooded. In the event that flooding has previously occurred and is not revealed by the vendor, then a purchaser could commence a claim for damages as a result of such an inaccurate reply. A buyer’s solicitors may also order an enviro report. This should disclose whether there is any known flood risk. If so, additional inquiries should be made.
I am looking for a ground for flat up to £235,500 and identified one round the corner in Redbridge I like with a park and transport links in the vicinity, the downside is that it only has 52 years unexpired on the lease. I can't really find anything else in Redbridge in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term will likely 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 2 years you may request that they start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I am a negotiator for a reputable estate agency in Redbridge where we have experienced a few flat sales jeopardised as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Redbridge conveyancing solicitors. Can you shed some light as to whether the seller of a flat can initiate the lease extension formalities for the buyer?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
After years of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Redbridge. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or if there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to assess the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Redbridge premises is 59 & 59a Clarendon Gardens in February 2014. The Tribunals valuation for the freehold was £30,073.00 The unexpired term was 65 and 61.
I am buying a flat mortgage free. My solicitor has been supplied with with two separate proof of photo ID, bank statement, numerous utility bills. Now he wants a copy from a probate lawyer acknowledging that the funds are in place and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Redbridge conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.