Me and my wife are acquiring residence in Redbridge. My property lawyer is not on the mortgage company conveyancing list. Can I still continue with my Redbridge conveyancing solicitor even though they are not on the bank panel of approved conveyancing solicitors?
You will need to appoint a conveyancer to deal with the formalities when you need a mortgage to buy your home. The conveyancer will carry out all the appropriate legal checks on the property, make sure that you’re registered as proprietor and ensure that all the required mortgage documentation is dealt with. You could select a Redbridge conveyancing practitioner of your choice. However, where the solicitor appointed is not on the lender approved list further fees will be levied as separate legal representation will be need by the lender. Lender panel applications can be submitted, so if your solicitor has not historically sought membership they should take the chance to apply.
I have given 2 months notice to my existing landlord and have to vacate my rented flat in Redbridge by the end of next month. Conveyancing on my purchase has just started. Is it possible to complete in a couple of weeks as I wish to avoid having to move into temporary accommodation?
The normal practice is not to serve notice for your lease unless your lawyer suggests that you should. If you have not already done so, update to your solicitor and ask them to they apply pressure on the sellers lawyers, try to an agreed time frame that everyone will look towards
It is a dozen years since I bought my house in Redbridge. Conveyancing lawyers have now been appointed on the sale but I can't find my title deeds. Is this a major issue?
Don’t worry too much. Firstly there is a chance that the deeds will be with the lender or they could still be with the lawyers who handled your purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring up to date copy of the land registers. Nearly all conveyancing in Redbridge involves registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
I am purchasing a garden flat in Redbridge. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Redbridge you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Redbridge.
We are 3 weeks into a freehold purchase having been directed to a firm by the local agent to execute conveyancing in Redbridge. I am am very dissatisfied with the level of service. Could you help me find new solicitors?
A conveyancer would need to be very poor to suggest diss instructing them. Has the mortgage been issued? If so you need to inform them of the new contact details and get the mortgage documents are re-sent. Your conveyancer needs to be on the mortgage company approved list to avoid escalating charges and complications. So that should be your first question of the new conveyancers. Our search tool can help you find a lender approved conveyancer for your conveyancing in Redbridge
I work for a reputable estate agent office in Redbridge where we have witnessed a few leasehold sales derailed due to short leases. I have been given inconsistent advice from local Redbridge conveyancing solicitors. Could you clarify whether the vendor of a flat can start the lease extension process for the purchaser on completion of the sale?
Provided that 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 need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord 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 buyer.
I am the leaseholder of a ground-floor 1950’s flat in Redbridge. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Redbridge conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Redbridge flat is 59 & 59a Clarendon Gardens in February 2014. The Tribunals valuation for the freehold was £30,073.00 The remaining number of years on the lease was 65 and 61.