I am buying a new build apartment in Stepney. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.

Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Stepney

The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?

I opted to have a survey done on a property in Stepney before instructing solicitors. I have been told that there is a flying freehold overhang to the property. The surveyor has said that some banks will refuse to grant a loan on this type of premises.

It depends who your proposed lender is. HSBC has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Stepney. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Stepney to see if the conveyancing costs will increase in light of this.

I am downsizing from my home. My former solicitors has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Stepney if that affects matters.

Do use our search tool to help you find a solicitor for your conveyancing in Stepney. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move goes with a minimum of fuss.

Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £275,000 maisonette in Stepney on Wednesday in a week. The freeholder has quoted £324 for Certificate of Compliance, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Stepney?

For the majority of leasehold sales in Stepney conveyancing will involve, queries regarding the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :

Addressing pre-exchange questions Where consent is required before sale in Stepney Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale

Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Stepney leasehold premises is £350. For Stepney conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide answers.

I am the registered owner of a second floor flat in Stepney. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the amount due for the purchase of the freehold?

if there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to calculate the sum to be paid.

An example of a Freehold Enfranchisement decision for a Stepney flat is 12, 14 & 16 Hull Close in May 2010. the Tribunal determined that the premium payable for the acquisition of the freehold to the subject premises was the sum of £18,300 This case related to 3 flats. The unexpired term was 101.61 years.

I am about to exchange buying a property in Stepney but as a result of damage from the recent storms I have agreed recompense from the vendor of £3k taking the form of a deduction in the price. This was going to be addressed as part of the conveyancing process but my bank will not permit this. Why were they notified?

Your solicitor being on a mortgage company conveyancing panel is duty bound to disclose to the bank of any amendments to the purchase price. If you did not allow your lawyer to notify the price change to your lender then they would have to disinstructing themselves from representing you and the mortgage company.