I am in a contract race with another buyer for a property in St Leonard Shoreditch. What can I do to expedite the conveyancing process?

In a situation where you are under pressure for your conveyancing it is advisable to make sure that your conveyancer is familiar with the location as they will benefit local connections and knowledge. It is even conceivable that they would have conducted previoushouses in the same street. Therefore consider using a St Leonard Shoreditch conveyancing firm. In addition, make sure that the lawyer is on the member panel. It is believed that nearly one in five of St Leonard Shoreditch conveyancing transactions are suspended or derailed after finding out that a buyer’s lawyer was not on their banks list of approved solicitors. This can often result in the transaction being frustrated by as much as three weeks. It is believed that this issue impacts in the region of 100,000 home sales annually. Many St Leonard Shoreditch conveyancing firms can not act for certain banks so do check at the outset.

My grandfather passed away six months ago and as sole heir and executor I was left the house in St Leonard Shoreditch. The house had a relatively small loan left on it of around £4500. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this allowed?

If you intend to refinance then Bank of Ireland will insist on your using a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.

Will my conveyancer be asking questions regarding flooding during the conveyancing in St Leonard Shoreditch.

The risk of flooding is if increasing concern for lawyers dealing with homes in St Leonard Shoreditch. Plenty of people will purchase a house in St Leonard Shoreditch, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the purchaser.

Solicitors are not best placed to offer advice on flood risk, but there are a number of searches that may be initiated by the buyer or by their solicitors which should figure out the risks in St Leonard Shoreditch. The conventional set of property information forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a standard inquiry of the vendor to discover whether the property has suffered from flooding. If flooding has previously occurred and is not notified by the owner, then a buyer may issue a compensation claim stemming from an incorrect answer. A buyer’s solicitors will also commission an environmental search. This should disclose if there is a recorded flood risk. If so, further inquiries should be made.

Looking forward to complete next month on a studio apartment in St Leonard Shoreditch. Conveyancing lawyers inform me that they report fully on Monday. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in St Leonard Shoreditch should include some of the following:

specifics of the parties to the lease, for instance these could be the leaseholder, superior lessor, freeholder The total extent of the demise. This might be the apartment itself but may incorporate a loft or cellar if relevant. Your solicitors should enable you to have an understanding of the building insurance requirements Alterations to the property Repair and maintenance of the premises

I am the proprietor of a ground flat in St Leonard Shoreditch. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?

Absolutely. We can put you in touch with a St Leonard Shoreditch conveyancing firm who can help.

An example of a Lease Extension decision for a St Leonard Shoreditch residence is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The unexpired term as at the valuation date was 72.39 years.

How do I discover who is the owner of a house in St Leonard Shoreditch?

As long as the property is registered with the Land Registry, and you have sufficient specifics of the address of the property, you will be able to view details from the HM Land Registry of the registered owner for a fee.