We are purchasing our first home. The lawyer has messagedto ask if we want to take out extra conveyancing searches. We are really unsure what's relevant for conveyancing in East London
The range of East London conveyancing searches depends primarily on the property, the location, the possibility of any of these risks, your knowledge of the area and risks, your overall attitude to risk. What matters is that you adequately understand what information the searches could provide. Then you can make a decision if you consider that you need that search. Should you be unsure, ask the conveyancer to guide you.
How do I find out if the solicitor handling my conveyancing in East London is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Bank of Ireland thus paying £192.00 in another set of legal fees.
Please do make the most of the search tool on this site. Pick the mortgage company and type ‘East London’ or your location and you will be presented with a number of lawyer based in East London or nearest you.
This question may be naive but I am unseasoned as a first time purchaser of a two bedroom flat in East London. Do I collect the keys to the property on the completion date from my lawyer? If this is the case, I will find a local conveyancing solicitor in East London?
There is no need to visit the lawyers office on the day of completion. Conveyancing lawyers for you will arrange to send the completion advance to the seller's solicitors, and once they have received this, you should be called to receive the keys from the property Agents and start moving into the property. This tends to happen between 1 and 3pm.
We are getting a further advance on our mortgage from UBS as we want to carry out alterations to our property in East London. Are we obliged to choose a bricks and mortar East London solicitor on the UBS conveyancing panel to handle the legals?
UBS do not ordinarily require a member of their approved list of lawyers to handle such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS panel.
I can not work out if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called my East London bank branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My East London conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Your property lawyer must comply with the CML Handbook section two requirements for your bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
We are planning on selling our home in East London and according to the buyers it appears that there is a risk of it being built land that was not decontaminated. Any high street East London lawyer would know that there is no such problem. For the life of me I don't know why the buyers used an online conveyancing practice as opposed to a conveyancing solicitor in East London. Having lived in East London for six years we know that this is a non issue. Do we contact our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
The estate agent has sent us the confirmation of our purchase of a new build apartment in East London. Conveyancing is a frightening process 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.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in East London
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. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified.