I just acquired a flat at auction in Fairlop. Conveyancing is necessary. What is next?

Having to in every practical sense signed on the dotted line you will need to hire the services of a conveyancing practitioner as a matter of urgency as you will have a pending a drop dead date to complete the deal. An auction property will ordinarily have a bespoke auction set of papers. This should include evidence of title and search results. In the case of leasehold premises the auction pack should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork relating to a leasehold property. You should give this to your appointed conveyancing solicitor ASAP. Do make sure that your finances are in order to complete the transaction on the set completion date.

I had a mortgage agreed in principle with Kent Reliance. Fairlop conveyancing practitioners are instructed. How long does it take for Kent Reliance to send the offer to the lawyer?

Some lenders take longer than others. Have Kent Reliance done the valuation? Have you informed Kent Reliance as to your lawyers' details and checked that your lawyers are on the Kent Reliance conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.

I am due to exchange contracts on my house. I had a double glazing fitted in June 2007, but did not receive a FENSA certificate or Building Regulation Certificate. My purchaser’s lender, Virgin Money are being problematic. The Fairlop solicitor who is on the Virgin Money conveyancing panel is recommending indemnity insurance as a solution but Virgin Money are insisting on a building regulation certificate. Why do Virgin Money have a conveyancing panel if they don't accept advice from them?

It is probably the case that Virgin Money have referred the matter to their valuer. The reason why Virgin Money may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.

In what way does the Landlord & Tenant Act 1954 affect my commercial property in Fairlop and how can you help?

The particular law that you refer to provides protection to commercial lessees, giving them the right to make a request to court for a continuation of occupancy when the lease reaches an end. There are limited grounds where a landlord can refuse a lease renewal and the rules are complex. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and assist with commercial conveyancing in Fairlop

I am a fortnight into a freehold purchase having been recommend to solicitors by the estate agent to handle our conveyancing in Fairlop. I am not happy. Can you you assist me in finding new lawyers?

A solicitor would have to be really bad to suggest changing them. Has the mortgage been issued? If so you will need to advise them of the new contact details and have the offer are re-sent. The solicitor ideally needs to be on the banks approved list to avoid supplemental costs and complications. That should be your first question of the new conveyancers. Our find a solicitor tool should help you find a lender approved conveyancer for your conveyancing in Fairlop

Do you have any advice for leasehold conveyancing in Fairlop with the aim of saving time on the sale process?

• Much of the delay in leasehold conveyancing in Fairlop can be reduced if you instruct lawyers as soon as you market your property and ask them to put together the leasehold information which will be required by the buyers’ conveyancers.
Some Fairlop leases require Licence to Assign from the landlord. If this is the case, you should place the estate agents on notice to make sure that the purchasers put in hand financial (bank) and professional references. The bank reference should make it clear that the buyer is financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the buyers or their lawyers. Many landlords or Management Companies in Fairlop charge for supplying management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management information sought on or before finding a buyer, thus accelerating the process. The typical amount of time it takes to receive management information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Fairlop. If you have the benefit of shareholding in the freehold, you should ensure that you hold the original share document. Organising a re-issued share certificate is often a time consuming formality and frustrates many a Fairlop conveyancing deal. If a new share certificate is necessary, do contact the company officers or managing agents (if applicable) for this as soon as possible.

I am the leaseholder of a ground-floor 1950’s flat in Fairlop. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for a lease extension?

Most definitely. We are happy to put you in touch with a Fairlop conveyancing firm who can help.

An example of a Lease Extension matter before the tribunal for a Fairlop residence is 104 Coventry Road in July 2014. The Tribunal determined that the lease extension permium should be £22,896.15 This case was in relation to 1 flat. The unexpired term as at the valuation date was 60.29 years.

Is it true that a Fairlop conveyancing company got sued by a client for failing to conduct comprehensive conveyancing investigations?

Our attention has not be brought to such a Fairlop conveyancing matter but according to a recent report, a couple purchasing a property elsewhere in England successfully won a case against their property lawyer due to development plans to build a wind farm failing to be identified in conveyancing searches.

Where you are buying in Fairlop It is important that your lawyer purchase all Fairlop conveyancing searches needed making sure that you have accurate and up to date information before acquiring a home in Fairlop.