My partner and I are buying a newly built flat in Cann Hall and my solicitor is informing me that she has to the lender to disclose incentives from the seller. I am on a tight deadline to sign contracts and my preference is not to prolong deal. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a lender panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I am purchasing a right to buy a flat in Cann Hall. How practical is it for me to do the conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Cann Hall you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Cann Hall.
Are there restrictive covenants that are commonly picked up during conveyancing in Cann Hall?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Cann Hall. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I today plan to offer on a house that seems to meet my requirements, at a great figure which is making it more attractive. I have just discovered that it's a leasehold rather than freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Cann Hall. Conveyancing solicitors have not yet been appointed. Will they explain the issues?
The majority of houses in Cann Hall are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are buying in Cann Hall in which case you should be looking for a Cann Hall conveyancing practitioner and be sure that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. As a leaseholder you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the landlord’sconsent to carry out changes to the property. It may be necessary to pay a service charge towards the upkeep of the estate where the property is located on an estate. Your conveyancer should report to you on the legal implications.
I am the leaseholder of a two-bedroom flat in Cann Hall. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for the purchase of the freehold?
Most certainly. We are happy to put you in touch with a Cann Hall conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Cann Hall premises 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 number of years remaining on the existing lease(s) was 73.92 years.
Me and my wife are FTB’s just having agreed a price on a property in Cann Hall, and need to get solicitors instructed. I have used the different comparison based websites and the fee estimates are from all across the country. Is it necessary to have a Cann Hall conveyancing practitioner local to our prospective property? I am happy to do all the communicating electronically, but I guess at some point we will need to attend the conveyancer's office to sign documents?
The conveyancer does not have to be in Cann Hall, but choosing local means that you can visit their offices if required, by way of example, if a signature is needed urgently. Furthermore, a Cann Hall solicitor have established relationships with local agents and (if the vendor has instructed a local conveyancer) with them, which will help keep things moving faster.