Is there a reason why leasehold purchase conveyancing in Leytonstone costs more?
Leytonstone leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I am planning to acquire a property and need a conveyancing solicitor in Leytonstone who is on the Virgin Money conveyancing. Can you recommend a local solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Virgin Money in certain locations such as Leytonstone. We dont recommend any particular firm.
I am buying a terrace house in Leytonstone. The intention is to an extension at the rear at the house.Will the conveyancing process include investigations to determine if these works are permitted?
Your conveyancer will check the deeds as conveyancing in Leytonstone will on occasion reveal restrictions in the title deeds which prevent categories of alterations or need the consent of another owner. Many additions call for local authority planning permissions and approval under the building regulations. Some locations are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. It would be wise to check these issues with a surveyor ahead of any purchase.
I currently have a mortgage with Skipton for my property in Leytonstone. Conveyancing has been completed some time ago. If I am intending to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Skipton?
Your original mortgage agreement with Skipton will provide that you need their approval in advance of letting out your property as this is likely to be a breach of Skipton’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Skipton directly. It should not be necessary to do this via a Skipton conveyancing panel firm.
I can not work out if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have telephoned my Leytonstone bank branch on a couple of occasions and was reassured it wasn't a problem and they would lend. My Leytonstone conveyancing solicitor - who is on the lender conveyancing panel- called and was told they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
As long as the solicitor is on the mortgage company approved list, she or he must comply with the CML Handbook provisions for the lender. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I understand that there are debates on Chancel Insurance on online forums. Do I require chancel insurance when buying a residence in Leytonstone? or I am told that there is a law dating back centuries that could mean that homeowners residing in a parish church boundary will be compelled to contribute towards repairs towards the chancel within the church. Is this appropriate for conveyancing in Leytonstone?
Unless a prior acquisition of the premises took place post 12 October 2013 you could take it that solicitors delivering conveyancing in Leytonstone to remain encouraging a chancel search and or chancel repair liability insurance.
My husband and I are new to the buying process - had an offer accepted, but the property agent advised that the owners will only proceed if we instruct their recommended solicitors as they need a ‘quick sale’. My instinct tells me that we should use a high street conveyancer with experience of conveyancing in Leytonstone
It is improbable the owners are behind this. If they require ‘a quick sale', taking such a hostile approach to a genuine buyer is counter productive. Avoid the agents and go straight to the sellers and explain that (a)you are motivated buyers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you intend to instruct your preferred Leytonstone conveyancing firm - as opposed tothose that will provide the estate agent a commission or meet his conveyancing thresholds pre-set by corporate headquarters.