My wife and I are soon to complete on the purchase of a property in Poplar but as a consequence of damage from some water damage at the property I have managed to agree reparation from the owner of three thousand pounds taking the form of a deduction in the price. I had intended this to be dealt with as part of a side agreement however Co-operative will not agree to this. Should they have been informed?
Your conveyancing practitioner being on a Co-operative approved list is required to inform Co-operative of any changes to the sale price. If you were to refuse your property lawyer to report the reduction to Co-operative then they would have to discontinue acting for you. In addition, Co-operative and you would have to appoint a new conveyancer for your conveyancing in Poplar.
I completed on my flat on 7 January and my personal details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Poplar expressed confidence that it will be formalised in less than a month. Are properties in Poplar particularly slow to register?
As far as conveyancing in Poplar is concerned, registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can adjust depending on the party submitting the application, whether there are errors and whether the Land registry must send notices to any interested persons or bodies. As of today approximately three quarters of submission are fully dealt with in less than three weeks but occasionally there can be extensive hold-ups. Historically registration is effected once the new owner is living at the property thus post completion formalities is not usually primary concern but where there is a degree of urgency associated with the registration then you or your lawyers must speak with the land registry and explain the circumstances.
Due to the encouragement of my in-laws I had a survey completed on a property in Poplar before retaining lawyers. I have been told that there is a flying freehold element to the property. The surveyor advised that some lenders will not issue a mortgage on a flying freehold property.
It varies from the lender to lender. HSBC has different instructions for example to Birmingham Midshires. If you contact us we can check via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Poplar. Conveyancing will be smoother if you use a solicitor in Poplar especially if they are accustomed to such properties in Poplar.
In what way can the Landlord & Tenant Act 1954 impact my commercial premises in Poplar and how can you help?
The particular law that you refer to gives security of tenure to business leaseholders, giving them the right to apply to court for a continuation of occupancy when the lease comes to an end. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Poplar is one of our many locations in which our lawyers are located
I today plan to offer on a house that seems to tick a lot of boxes, at a reasonable figure which is making it more attractive. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns buying a leasehold house in Poplar. Conveyancing advisers have are about to be instructed. Will they explain the issues?
The majority of houses in Poplar are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Poplar so you should seriously consider shopping around for a Poplar conveyancing solicitor and check that they have experience in transacting on leasehold houses. As a matter of priority you will need to check the unexpired lease term. As a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’spermission to carry out alterations. It may be necessary to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your solicitor will appraise you on the various issues.
I have had difficulty in negotiating a lease extension in Poplar. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We can put you in touch with a Poplar conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Poplar premises is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case related to 3 flats. The number of years remaining on the existing lease(s) was 101.61 years.