We are due to complete buying a property in Redbridge but as a consequence of damage from some water damage at the property I have managed to agree compensation from the current proprietors of £2k taking the form of a adjustment in the price. I had intended this to be addressed as part of the conveyancing process but Bank of Ireland are not allowing this. Why were they involved?

Your solicitor that is on the Bank of Ireland conveyancing panel is required to disclose to Bank of Ireland of any amendments to the sale price. If you prohibit your lawyer to disclose the price change to Bank of Ireland then they would have to discontinue acting for you. In addition, Bank of Ireland and you would have to appoint a new lawyer for your conveyancing in Redbridge.

Is it necessary during the course of the conveyancing process to pop into the offices of the solicitor to sign the mortgage deed? If so, I will instruct a firm who offer conveyancing in Redbridge so that I can pop in to their offices when needed.

As opposed to twenty years ago, almost all lenders no longer require their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to hand over ID documents and there are still manifest advantages to instructing a local solicitor, in your case a conveyancing solicitor in Redbridge.

I have recentlydiscovered that Action Conveyancing have been shut down. They conducted my conveyancing in Redbridge for a purchase of a leasehold apartment 18 months ago. How can I establish that my home is not still registered in the name of the former proprietor?

The easiest method to see if the property is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Redbridge conveyancing specialists.

How does conveyancing in Redbridge differ for new build properties?

Most buyers of new build or newly converted property in Redbridge contact us having been asked by the developer to sign contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Redbridge usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Redbridge or who has acted in the same development.

I have just started marketing my garden apartment in Redbridge. Conveyancing solicitors are to be appointed soon, but I have recently received a yearly service charge invoice – what should I do?

Your conveyancing lawyer is likely to suggest that you should pay the service charge as usual given that all ground rent and service payments will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.

Notwithstanding our best efforts, we have been unsuccessful in trying to purchase the freehold in Redbridge. Can the Leasehold Valuation Tribunal adjudicate on premiums?

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

An example of a Freehold Enfranchisement case 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.