As someone not used to the Redbridge conveyancing process what is the number one tip you can impart concerning the ownership transfer in Redbridge
Not many law firms shout this from the rooftops but conveyancing in Redbridge or throughout North East London is an adversarial process. In other words, when it comes to conveyancing there exists plenty of room for confrontation between you and other parties involved in the ownership transfer. For example, the seller, estate agent and sometimes a bank. Choosing a law firm for your conveyancing in Redbridge an important selection as your conveyancer is your adviser, and is the ONE party in the process whose responsibility is to protect your best interests and to protect you.
On occasion a third party with a vested interest may attempt to sway you that you should follow their advice. For instance, the selling agent may claim to be assisting by suggesting your solicitor is wrong. Or your mortgage broker may tell you to do something that is contrary to your solicitors advice. You should always trust your lawyer above all other parties in the home moving process.
Will commercial conveyancing searches reveal impending roadworks that could affect a commercial site in Redbridge?
Its becoming the norm that commercial conveyancing solicitors in Redbridge will execute a SiteSolutions Highways report as it dramatically cuts the time that conveyancers spend in investigating accurate data on highways that impact buildings and development assets in Redbridge. 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 Redbridge.
For each commercial conveyancing transaction in Redbridge 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 result in delays to Redbridge commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not ordered for residential conveyancing in Redbridge.
Over the last few months I have been searching for a flat up to £305k and identified one near me in Redbridge I like with open areas and railway links nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Redbridge suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be problematic. Discount the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass 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 matter.
Is it simple use the search facility to find a conveyancing lawyer in Redbridge on the panel for my lender?
First select a bank such as Halifax, Leeds Building Society or Clydesdale then type in your preferred area a common one being Redbridge. Conveyancing firms in Redbridge and nationally should be listed.
I own a leasehold flat in Redbridge. Conveyancing and Platform Home Loans Ltd mortgage went though with no issue. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1991. The conveyancing practitioner in Redbridge who previously acted has long since retired. What should I do?
The first thing you should do is contact the Land Registry to make sure that this person is in fact the registered owner of the freehold reversion. You do not need to incur the fees of a Redbridge conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Redbridge conveyancing firm to act on my behalf?
Most certainly. We are happy to put you in touch with a Redbridge conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Redbridge property is 59 & 59a Clarendon Gardens in February 2014. The Tribunals valuation for the freehold was £30,073.00 The remaining number of years on the lease was 65 and 61.