I have given 2 months notice to my existing landlord and must vacate my rented apartment in Mile End by the end of next month. Conveyancing for my house purchase is underway. Can I complete in 5 weeks as I wish to avoid having to move into short term accommodation?
The normal practice is not to give notice on a rental unless exchange of contracts has taken place. If you have not already done so, update to your conveyancer and request that they chase the other lawyers, try to get a realistic time scale from them that everyone will aim towards
How up to date is your database of Mile End solicitors on the Co-operative conveyancing panel? Do Co-operative send you an updated list?
Mile End conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
Do I select a Licenced Conveyancer or Solicitor for conveyancing in Mile End?
There are many recorded licenced Conveyancers in Mile End and Solicitor practices in Mile End offering conveyancing We would stress that both are regulated professionals specialising in the legal work in the home buying process. The two can conduct other property legal work such as remortgage conveyancing, lease extensions and transfer of equity conveyancing.
Two weeks ago we had a mortgage agreed in principle with Barclays. Mile End conveyancing practitioners have been chosen. How long does it take for Barclays to issue the offer to the property lawyer?
There is no definitive answer here. Have Barclays completed the survey? Have you advised Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
About to purchase apartment in Mile End. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Aldermore conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Mile End property lawyer is on the Aldermore conveyancing panel.
Just had an offer accepted on a new build apartment in Mile End. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Mile End
Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please supply evidence that the form of Lease proposed has been approved by the Land Registry.
I work for a long established estate agent office in Mile End where we see a few leasehold sales put at risk as a result of short leases. I have been given conflicting advice from local Mile End conveyancing firms. Can you clarify whether the vendor of a flat can commence the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
We have reached the end of our tether in seeking a lease extension in Mile End. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to arrive at the price payable.
An example of a Freehold Enfranchisement decision for a Mile End residence 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.