Why is leasehold purchase conveyancing in Chingford is more expensive?

The conveyancing fees on a leasehold premises in Chingford is inevitably greater than on a freehold property. This is due to the supplemental time required in corresponding with the landlord and management company to collate the information about whether the rent and maintenance charges have been discharged and whether there are any major works due in the foreseeable future on repairs or maintenance of the building.

Do the Building Society Association intend to launch a online directory to to identify solicitors on the Earl Shilton BS conveyancing panel for example in Chingford?

Lexsure has not been advised of any plans on the part of the BSA to promote such a tool.

Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what was supposed to be a simple, no chain conveyancing. Chingford is the location of the property. Is there any guidance you can impart?

Flying freeholds in Chingford are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Chingford you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Chingford may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.

We are 3 weeks into a residential purchase having been directed to solicitors by the high street agent to carry out the conveyancing in Chingford. I am am very dissatisfied with the level of service. Can you help me find new solicitors?

A solicitor would need to be very bad in order to consider diss instructing them. Has your loan offer been sent? If so you will need to make them aware of the new contact details and ensure the offer are re-sent. Your new solicitor ideally should be on the banks panel to avoid escalating costs and delays. That should be your starting point. The search tool will assist you in finding a bank approved lawyer for your home move in Chingford

Can you offer any advice when it comes to finding a Chingford conveyancing practice to deal with our lease extension?

When appointing a property lawyer for lease extension works (regardless if they are a Chingford conveyancing firm) it is essential that he or she should be familiar with the legislation and specialises in this area of work. We suggest that you make enquires with several firms including non Chingford conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:

Can they put you in touch with clients in Chingford who can give a testimonial?

We have reached the end of our tether in trying to purchase the freehold in Chingford. Can this matter be resolved via the Leasehold Valuation Tribunal?

You certainly can. We can put you in touch with a Chingford conveyancing firm who can help.

An example of a Freehold Enfranchisement case for a Chingford property is 201 & 201a St. Barnabas Road in October 2013. The Tribunal decided that the price to be paid by the Applicants for the freehold interest is £20,071. This case was in relation to 2 flats. The unexpired residue of the current lease was 69.26 years.