Do lenders provide you with an approved list of South Hornchurch conveyancing solicitors? How do you know who is on the Yorkshire BS conveyancing panel?

South Hornchurch conveyancing firms themselves provide us confirmation that they are on the Yorkshire BS conveyancing panel as opposed to being supplied with a list from Yorkshire BS directly.

Are there restrictive covenants that are commonly identified during conveyancing in South Hornchurch?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in South Hornchurch. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

We're new to the buying process - agreed a price, yet the estate agent has warned us that the seller will only issue a contract if we appoint the agent's preferred conveyancers as they want an ‘expedited deal’. We would rather use a high street conveyancer accustomed to conveyancing in South Hornchurch

It is unlikely the vendors are driving this. Should the seller require ‘a quick sale', alienating a motivated buyer is counter productive. Speak to the owners direct and make the point that (a)you are serious buyers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)however you are going to instruct your preferred South Hornchurch conveyancing lawyers - rather thanthe ones that will provide the estate agent a kickback or hit his conveyancing targets set by corporate headquarters.

I work for a busy estate agency in South Hornchurch where we have witnessed a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given conflicting advice from local South Hornchurch conveyancing solicitors. Can you clarify whether the owner of a flat can commence the lease extension formalities for the buyer?

As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.

An alternative approach is to extend the lease informally by agreement with the landlord 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 buyer.

I am the registered owner of a basement flat in South Hornchurch. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?

Most definitely. We can put you in touch with a South Hornchurch conveyancing firm who can help.

An example of a Lease Extension decision for a South Hornchurch premises is 37 Lodge Court High Street in November 2013. the decision of the LVT was that the premium to be paid for the new lease was £25,559 This case related to 1 flat. The unexpired residue of the current lease was 57.5 years.

I have selected a South Hornchurch conveyancing solicitor for our home move (FTB’s) and have picked up in the engagement letter that they are not covered by the FCA. Am I right to be worried or is that usually the case with conveyancer?

We can't see why they should be. Most property lawyer don't lend money. They should be governed by the Solicitors Regulation Authority, who set strict laws regulating funds sitting in their bank.