We are buying a property and need a conveyancing solicitor in Silvertown who is on the conveyancing panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for . We don't recommend any particular firms conducting conveyancing in Silvertown.
Having spent time reviewing mumsnet.com for a cheap lawyer in Silvertown, most comment that I should use a CQS assured solicitor. What is CQS?
Silvertown Conveyancing Quality Scheme practices have achieved accreditation by the law Society The Law Society introduced CQS to promote high standards in the home moving process. CQS enables consumers to recognise practices who provide a quality residential conveyancing. Silvertown is one of the many areas in England and Wales in which CQS have a presence. The scheme requires practices to undergo a strict assessment, compulsory training, self-certification, spot checks and annual reviews in order to maintain CQS status. It is open only to members of the Law Society who meet the demanding standards set by the scheme and has the support of the Building Societies Association.
How does conveyancing in Silvertown differ for new build properties?
Most buyers of new build residence in Silvertown contact us having been asked by the builder to sign contracts and commit to the purchase even before the premises is built. This is because new home sellers in Silvertown tend to purchase 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 used to new build conveyancing in Silvertown or who has acted in the same development.
I am looking for a flat up to £235,500 and found one close by in Silvertown I like with open areas and station nearby, the downside is that it's only got 61 remaining years left on the lease. There is not much else in Silvertown suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage that many years will be problematic. Reduce the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
I have recently realised that I have Sixty One years remaining on my lease in Silvertown. I am keen to get lease extension but my freeholder is absent. What options are available to me?
On the basis that you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will mean that your lease can be lengthened by the Court. You will be obliged to prove that you or your lawyers have made all reasonable attempts to track down the landlord. In some cases a specialist may be useful to try and locate and to produce an expert document to be used as evidence that the landlord is indeed missing. It is wise to seek advice from a solicitor both on proving the landlord’s disappearance and the application to the County Court overseeing Silvertown.
I own a ground floor flat in Silvertown, conveyancing was carried out 3 years ago. How much will my lease extension cost? Similar flats in Silvertown with over 90 years remaining are worth £165,000. The ground rent is £45 levied per year. The lease terminates on 21st October 50
With only 50 years left to run we estimate the premium for your lease extension to range between £36,100 and £41,800 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to supply the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.