A loan offer from NatWest for the refinancing of my single bedroom maisonette is to be issued by the end of next week. Are you able to propose a low cost conveyancing law firm in Whitechapel?
This site is not designed to assist those in their quest for a cheap conveyancing solicitors in Whitechapel. Our intention is to offer excellent value conveyancing but our intention is not to work with the cheapest lawyers. Do not be fooled by companies enticing you with £99 conveyancing in Whitechapel. The optimum result, in choosing a lawyer for cheap conveyancing, you will earn what you pay for and at worst you will end up spending a lot in additional fees and still not get the service you were looking for.
My partner and I are only a couple days away from an exchange on a flat in Whitechapel and my parents have sent the ten percent deposit to my lawyer. I am now advised that as the deposit has not arrived from me my conveyancer needs to make a notification to my bank. I am advised that, in also acting for the bank he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the bank about my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The solicitor is obliged to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your mortgage company if you agree, failing which, your lawyer must cease to continue acting.
My wife and I are buying a apartment in Whitechapel. I might seem paranoid but how we can trust a conveyancer? At some point we have to put funds into their account. What is the protection we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
We have agreed to purchase a house in Whitechapel. An unusual aspect is that the roof has a solar panel. Solicitors conducting should look into this right? Will my lender Clydesdale be concerned?
As you are obtaining a mortgage with Clydesdale your lawyer must follow the conveyancing requirements outlined in Part two of UK Finance Lenders’ Handbook for Clydesdale. The CML Handbook stipulates minimum specifications for solar panel roof-space leases, and solicitors are required to report to Clydesdale where a lease does not meet these specifications. The conditions relate to the installation of panels on properties countrywide and is not restricted to Whitechapel.
I am expecting a AIP from Barclays this week so we can work out what to offer on a property we like as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do Barclays recommend any Whitechapel solicitors on the Barclays conveyancing panel, or is it better to go independently?
You will need to appoint Whitechapel solicitors independently although you'll need to choose one on the Barclays conveyancing panel. The solicitor represents both you and Barclays through the process.
I have been on the look out for a leasehold apartment up to £195,000 and identified one round the corner in Whitechapel I like with a park and railway links in the vicinity, however it only has 51 years unexpired on the lease. I can't really find anything else in Whitechapel in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you need a mortgage the shortness of the lease will likely be problematic. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Do I need to be concerned by brokers that I am dealing with are recommending an online conveyancing firm as opposed to a High Street Whitechapel conveyancing firm?
As is the case with lots of professional services, often suggestions from relatives can be most helpful. But there are lots of people with a vested interest in a conveyancing matter; estate agents, mortgage brokers and lenders might all recommend conveyancers to use. Sometimes the lawyers might be known to one of the organisations as one of the best in their field, but sometimes there exists a commercial relationship behind the recommendation. You are free to appoint your preferred lawyer. You need to be aware that many banks specify a panel list of conveyancers you are obliged to use for the mortgage aspect of your home move.
Having checked my lease I have discovered that there are only 72 years remaining on my flat in Whitechapel. I am keen to get lease extension but my freeholder is absent. What are my options?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be granted an extra 90 years by the Court. You will be obliged to prove that you or your lawyers have made all reasonable attempts to find the freeholder. For most situations an enquiry agent may be helpful to carry out a search and prepare an expert document to be accepted by the court as proof that the freeholder is indeed missing. It is advisable to get professional help from a conveyancer both on devolving into the landlord’s absence and the application to the County Court covering Whitechapel.
I have had difficulty in trying to purchase the freehold in Whitechapel. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most definitely. We are happy to put you in touch with a Whitechapel conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Whitechapel residence is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired residue of the current lease was 107 years.