We are due to move house in November. Does my conveyancing solicitor call the removal company on the completion day. As an aside, can you put forward a removal company in Bow. Conveyancing lawyer was chosen prior to coming across your website.
On the afternoon of completion you can collect the house keys from the selling agent however this should only occur once the sellers conveyancers advise the agent that the monies to complete are in and the keys can be collected. After that you should tell the removal men that they can start moving you in. We do not suggest a specific removal organisation but can help you find a conveyancing in Bow or a lawyer with expertise in conveyancing in Bow.
My conveyancer has informed me that breach of easement insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Bow?
The right level of breach of easement indemnity insurance should be dictated by who who your lender is. It would differ for example between Halifax and Norwich and Peterborough Building Society. Conveyancing solicitors as opposed to borrowers take out such insurances.
We previously chose conveyancing lawyers located in Bow on the Barclays solicitor panel. They are now charging me an additional fee for dealing with the Barclays mortgage. Is this a supplemental conveyancing fee set by Barclays?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your lawyer can charge a fee for this. The charge is not set by Barclays but by your Bow property lawyer. Numerous firms on the Barclays panel will charge an ‘acting for lender’ fee but many firms include it on their overall fee.
I know that there are debates on Chancel Insurance on online forums. Do I need this when purchasing a property in Bow? or Apparently there is historic law that means some house owners living in a parish church boundary will be compelled to pay for repairs to the chancel in proximity to the church. Is this applicable for conveyancing in Bow?
Unless a previous purchase of the house completed after 12 October 2013 you could take it that conveyancing practitioners conducting conveyancing in Bow to continue to propose a a chancel search and or chancel repair liability policy.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Bow. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Bow
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The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Forfeiture - bankruptcy or liquidation must not apply under this provision.
Over the last few months I have been searching for a flat up to £305k and identified one close by in Bow I like with amenity areas and station nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in Bow in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this.
I’m about to sell my basement apartment in Bow. Conveyancing solicitors are to be appointed soon, but I have just had a half-yearly maintenance charge demand – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should clear the maintenance contribution as normal given that all rents and service invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer 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.
Having spent months of correspondence we cannot agree with our landlord on how much the lease extension should cost for our flat in Bow. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee freeholder or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to calculate the sum to be paid.
An example of a Freehold Enfranchisement case for a Bow flat is 26 Rhondda Grove in June 2009. The net price payable by the leaseholders as determined by the Tribunal was £3,015.13. This comprised £11,300 premium for the reversion less £8,284.87 costs as ordered by the County Court.