I am not in a position to travel far from Waltham Forest. Is there a reason why all Waltham Forest lawyers are not on all lender panels?
Pre- 2008 most banks displayed an approach to risk which is different than today. The FSA in 2010 instigated a thematic review into fraud which in summary warned lenders: know the lawyers on your panel. Consequently, banks have since requiredmore information from law firms regarding their processes and the individuals employed by them and set certain criteria such as completing a minimum volume of transactions. Thousands of firms have found themselves removed from lender panels even though they had 100% healthy track record, no complaints and zero claims and didn't just 'dabble' in conveyancing. Such firms were never going to meet the minimum volume of transactions the mortgage companies required.
We note that you have a post code search directory listing law firms on the Aldermore conveyancing panel. Do companies pay you a referral fee if I instruct them for our own conveyancing in Waltham Forest?
We are a listing service only for law firms wishing to communicate if they are on the Aldermore conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Waltham Forest.
How does conveyancing in Waltham Forest differ for newly converted properties?
Most buyers of new build residence in Waltham Forest approach us having been asked by the developer to sign contracts and commit to the purchase even before the residence is constructed. This is because new home sellers in Waltham Forest typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Waltham Forest or who has acted in the same development.
How easy is it to swap solicitor as I need to choose a firm on the Clydesdale conveyancing panel. I had appointed a family conveyancing solicitor in Waltham Forest round the corner but she is not approved by Clydesdale
It would be our pleasure to assist you select a conveyancing solicitor in Waltham Forest on the Clydesdale panel. Please note that the solicitors that we work with do not pay us commission if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Waltham Forest. In making use of the find a conveyancing solicitor tool on this website, you can contrast fees for conveyancing solicitors in Waltham Forest and throughout England and Wales.
My step-father has encouraged me to use his lawyers for conveyancing in Waltham Forest. Should I use them?
Much as we are happy to recommend a Waltham Forest conveyancing lawyer it’s preferable to select a conveyancing lawyer is to seek guidance from friends or relatives who have actually previously instructed the solicitor you're contemplating using.
Estate agents have just been given the go-ahead to market my basement flat in Waltham Forest. Conveyancing is yet to be initiated, but I have recently had a yearly service charge demand – Do I pay up?
It best that you clear the maintenance contribution as normal because all ground rent and service charges should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
After years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Waltham Forest. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to determine the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Waltham Forest flat is 32 Howard Road in June 2012. the Tribunal held that premium payable for the freehold reversion should be £35,825 This case affected 2 flats. The unexpired term was 64 years.