Is the fact that my conveyancer in Chadwell Heath is not on my mortgage company's conveyancing panel that there is a problem with the standard of his conveyancing?
It would not be wise to jump to that conclusion. There are plenty of plausible explanations. Just recently a report by the solicitors regulator revealed 76% of law firms surveyed had been removed from at least one lender panel. The most common reasons for removal are: (1) low volume of transactions (2) the lawyer is a sole practitioner (3) as part of the HSBC panel reduction (4) regulatory contact by SRA (5) accidental removal. Where you are concerned you should contact the Chadwell Heath conveyancing practice and ask them why they are no longer on the approved list for your mortgage company.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Chadwell Heath is where the house is located. Can you shed any light on this issue?
Flying freeholds in Chadwell Heath are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Chadwell Heath you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chadwell Heath may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
I have been pointed in your direction by three or four local property agents in Chadwell Heath to choose a conveyancer using your seach tool. Is there a financial inducement for Estate Agents to promote your lawyers ahead of alternative conveyancing organisations?
We refuse to give any commission for pointing buyers and sellers to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have just started marketing my ground floor apartment in Chadwell Heath. Conveyancing is yet to be initiated, however I have just received a quarterly maintenance charge invoice – what should I do?
The sensible thing to do is clear the service charge as usual because all rents and service invoices should be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage 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.
I have given up trying to purchase the freehold in Chadwell Heath. Can this matter be resolved via the Leasehold Valuation Tribunal?
Most definitely. We can put you in touch with a Chadwell Heath conveyancing firm who can help.
An example of a Lease Extension decision for a Chadwell Heath premises is 49 Aldborough Road South in July 2012. The Tribunal decided that the premium payable for the grant of the new lease was £13,925 This case affected 1 flat. The remaining number of years on the lease was 61.36 years.
How much should conveyancing in Chadwell Heath cost?
Almost all Chadwell Heath conveyancing firms will agree to a fixed fee. In the event that further work becomes necessary during the transaction your solicitor should advise you in writing of any supplemental costs for any work immediately it becomes obvious. Some work on a no sale no cost offering, others will charge a proportion of the agreed costs, depending on the point at which the deal does not go ahead.
It is advisable to ask a few firms to supply you an estimate.