It is is a decade since I purchased my home in Stratford. Conveyancing lawyers have recently been instructed on the sale but I can't locate my title deeds. Will this cause complications?
You need not be too concerned. Firstly the deeds may be with the mortgage company or they may be in the possession of the solicitor who handled your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing lawyers acquiring current official copies of the land registers. Most conveyancing in Stratford relates to registered property but in the rare situation where your home is not registered it adds to the complexity but is not insurmountable.
The Stratford conveyancing lawyers that just started acting on my house acquisition in Stratford have without warning shut down. I only went with them because I had to have a firm on the Lloyds conveyancing panel and my family Stratford lawyer was not. I paid them funds on account. What are my options?
If you have an estate agent involved then inform them straight away so that they advise the vendors that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Lloyds conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
I'm purchasing a new build house in Stratford with the aid of help to buy. The builders refused to budge the amount so I negotiated five thousand pounds worth of additionals instead. The sale representative suggested that I not reveal to my lawyer about the side-deal as it may impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Due to the advice of my in-laws I had a survey completed on a house in Stratford ahead of retaining solicitors. I have been informed that there is a flying freehold aspect to the property. My surveyor has said that some banks will refuse to issue a loan on such a house.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. If you e-mail us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Stratford. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stratford to see if the conveyancing will be more expensive.
I am looking into buying my first house which is in Stratford and I am already nervous. I couldn't find anything specific about Stratford. Conveyancing will be needed in due course but do you know about the Stratford area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Stratford. In the meantime here are some basic statistics that we found
I am looking for a conveyancing lawyer in Stratford for my remortgage. Can I review a solicitor's record with the profession’s regulator?
You can see presented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. For details Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 Monday, Wednesday, Thursday, Friday and 09.30 - 18.00 Tuesday. International callers, call +44 (0)121 329 6800. The regulator could monitor call for training purposes.