Me and my partner are about to complete on the purchase of a house in Wanstead but as a result of damage from a small fire at the property I have was able negotiate reparation from the seller in the sum of £2k in the form of a reduction in the price. I had intended this to be addressed as part of amending the contract but Barclays will not permit this. Should they have been informed?
Any lawyer that is on the Barclays conveyancing panel is required to advise Barclays of any changes to the sale price. If you were to refuse your lawyer to notify the price change to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new property lawyer for your conveyancing in Wanstead.
When it comes to lenders such as Principality, do Wanstead conveyancers incur an annual charge to be on the list of approved solicitors?
We are unaware of any lender fees to be on their panel, although some do charge an administration fee to deal with the processing of the conveyancing panel submission.
is it true that all Wanstead conveyancing solicitors on the Bank of Ireland conveyancing panel are overseen by the Solicitors Regulatory Authority?
As solicitors, in order to be on the Bank of Ireland conveyancing panel they would need to be governed by the Solicitors Regulatory Authority. Many mortgage companies do allow licenced conveyancers on their panel and in that case the practice would be regulated by the Council of Licensed Conveyancers.
After weeks of negotiation I have agreed a price on a house in Wanstead. My financial adviser suggested a solicitor. I paid an advanced payment of £175. Not long after, the property lawyer contacted me to say that they were not on the Clydesdale conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Clydesdale panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My business partner and I are hoping to lease a unit on a shopping parade. Can you recommend solicitors offering no-move-no charges for commercial conveyancing in Wanstead for below £2000?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Wanstead, including the sale and acquisition of businesses as well as simply premises. Whether you are hoping to buy or lease a shop, pub, restaurant, office, retail unit or a whole business we can find you the right firm. Regarding the costs these will vary based on the structure and terms of the deal. Please provide us with your contact information or call so as to enable us to provide you with comprehensive commercial conveyancing calculation.
I am thinking of appointing a conveyancing solicitor in Wanstead for my home move. Can I see a firm’s complaints history with the legal regulator?
Anyone may read presented Solicitor Regulator Association (SRA) determinations stemming from investigations started on or after Jan 2008. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, use +44 (0)121 329 6800. The regulator may monitor telephone calls for training purposes.
I’m about to sell my basement apartment in Wanstead. Conveyancing lawyers have not yet been instructed, however I have recently had a yearly service charge demand – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as usual given that all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the purchaser 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.
After years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Wanstead. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to judgment on the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Wanstead flat is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case affected 2 flats. The unexpired lease term was 73.92 years.