As someone unfamiliar with the Leytonstone conveyancing process what is the number one tip you can impart concerning the home moving process in Leytonstone
Not many law firms or advisers will tell you this but conveyancing in Leytonstone and elsewhere in North East London is an adversarial experience. Put another way, when it comes to conveyancing there exists lots of opportunity for confrontation between you and others involved in the legal transfer of property. E.g., the vendor, selling agent and sometimes the bank. Selecting a law firm for your conveyancing in Leytonstone an important selection as your conveyancer is your adviser, and is the ONLY person in the transaction whose role it is to look after your best interests and to protect you.
Sometimes a third party with a vested interest will attempt to persuade you that you should follow their advice. For instance, the selling agent may claim to be assisting by claiming that your lawyer is dragging his heels. Or your financial adviser may tell you to do something that is against your lawyers advice. You should always trust your lawyer above all other parties when it comes to the legal transfer of property.
Please explain the implications if my solicitor is suspended from the Virgin Money Conveyancing panel ahead of completing my conveyancing in Leytonstone?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Despite weeks of looking the Title Certificate and documents to our property are lost. The solicitors who handled the conveyancing in Leytonstone 10 years ago no longer exist. What do I do?
Assuming you have a registered title the information relating to your ownership will be documented by the Land Registry with a Title Number. It is easy to conduct a search at the Land Registry, find your house and secure up to date copies of the property title for less than a fiver. If the property is Leasehold then the Land Registry will also normally retain a certified duplicate of the Registered Lease and again, a copy can be retrieved for £20 inclusive of VAT.
What makes your site different to other web based conveyancing brokers for conveyancing in Leytonstone?
At this site get a conveyancing quote from a Solicitor or Licensed Conveyancer that understands the issues of your conveyancing in Leytonstone. Unlike many estate agents and brokerage sites we do not operate referral arrangements with solicitors. Many agents and online brokers 'recommend' solicitors who pay the highest commission, rather than the best value conveyancing in Leytonstone
I've recently bought a leasehold house in Leytonstone. Am I liable to pay service charges relating to a period prior to completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
Having spent months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Leytonstone. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Leytonstone conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Leytonstone property is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case related to 2 flats. The remaining number of years on the lease was 73.92 years.