I am getting a mortgage offer from Santander. I intend to use a Licensed Conveyancer in Hainault. Does the Santander Solicitor panel allow for conveyancers regulated by the CLC?

The Santander conveyancing panel is, like many other lenders, associated to the CML or BSA, open to Licensed Conveyancers regulated by the CLC.

I have given 2 months notice to my current landlord and have to vacate my let out property in Hainault by the end of next month. Conveyancing on my purchase has just started. Is it possible to complete in a couple of weeks as don't want to have to move into temporary accommodation?

The normal practice is not to provide notice for your tenancy unless you have exchanged. Assuming that you have not already done so, contact to your solicitor and ask them to they seek the assistance the other solicitors, try to get a realistic time scale from them that all parties will look towards

Will commercial conveyancing searches reveal proposed roadworks that may impact a commercial estate in Hainault?

Many commercial conveyancing solicitors in Hainault will execute a SiteSolutions Highways report as it reduces the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in Hainault. The search result sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Hainault.

For each commercial conveyancing transaction in Hainault it is crucial to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been dealt with adequately could cause delays to Hainault commercial conveyancing deals as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Hainault.

I have been on the look out for a ground for flat up to £245,000 and identified one round the corner in Hainault I like with a park and station in the vicinity, however it only has 49 remaining years left on the lease. There is not much else in Hainault in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?

Should you require a home loan that many years will be a potential deal breaker. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you may request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.

I am attracted to a two flats in Hainault both have approximately fifty years remaining on the lease term. Do I need to be concerned?

There are no two ways about it. A leasehold apartment in Hainault is a wasting asset as a result of the reducing lease term. The closer the lease gets to zero years unexpired, the more it reduces the marketability of the property. The majority of buyers and mortgage companies, leases with less than eighty years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Hainault conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.

After years of negotiations we cannot agree with our landlord on how much the lease extension should cost for our flat in Hainault. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?

You certainly can. We can put you in touch with a Hainault conveyancing firm who can help.

An example of a Freehold Enfranchisement matter before the tribunal for a Hainault premises is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The unexpired term as at the valuation date was 69.26 years.