My bank has recommended a law firm on their panel based in Walthamstow but I would rather choose a conveyancing lawyer in Walthamstow or nearer to where I live. Are you able to assist?
It is by no means the case that all Walthamstow conveyancing solicitors are approved and listed on all lender’s conveyancing panel. Please make use of our find an approved solicitor tool to identify a Walthamstow conveyancing firm on the on the bank panel.
How does conveyancing in Walthamstow differ for new build properties?
Most buyers of new build premises in Walthamstow come to us having been asked by the builder to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Walthamstow tend to acquire the site, 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 conveyancing solicitors 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 used to new build conveyancing in Walthamstow or who has acted in the same development.
I opted to have a survey done on a property in Walthamstow ahead of appointing lawyers. I have been told that there is a flying freehold overhang to the house. The surveyor has said that some mortgage companies will refuse to give a mortgage on such a premises.
It depends who your proposed lender is. Lloyds has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Walthamstow. Conveyancing will be smoother if you use a solicitor in Walthamstow especially if they regularly deal with such properties in Walthamstow.
I was advised by three or four local selling agents in Walthamstow to select a solicitor on your site. What’s the financial incentive for Estate Agents to market your services ahead of another?
We don’t make any commission for sending work our way. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
I work for a busy estate agency in Walthamstow where we have experienced a few leasehold sales put at risk due to short leases. I have received contradictory information from local Walthamstow conveyancing solicitors. Can you shed some light as to whether the vendor of a flat can initiate the lease extension formalities 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 proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with 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 buyer.
My wife and I have hit a brick wall in trying to purchase the freehold in Walthamstow. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Walthamstow conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Walthamstow flat is 12 Nutfield Road in July 2014. the Tribunal judged that the price to be paid by the applicants for the freehold interest should be £19,572 This case affected 2 flats. The remaining number of years on the lease was 72.02 years.
I'm selling a bungalow in Walthamstow. I can find my conveyancer's company on the CLC list, but I can't locate my lawyer's name on the list. Should I be concerned?
Not every individual in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be conducted by unqualified staff.