We are getting a further advance on our home loan from Nottingham as we wish to carry out improvements to our home in Little Ilford. Are we obliged to select a high street Little Ilford solicitor on the Nottingham conveyancing panel to handle the paperwork?
Nottingham don't usually require firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the Nottingham list.
I can not fathom if my mortgage offer obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Little Ilford bank branch on numerous occasions and was told it does not impact the mortgage offer and they will lend. My Little Ilford conveyancing solicitor - who is on the lender conveyancing panel- telephoned to say that they refuse to lend in accordance with their specific requirements. Who do I believe?
The lawyer must follow the Council of Mortgage Lenders’ Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank 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 lender to contact your lawyer in writing confirming that they will accept the number of years left on the lease.
Principality have agreed my mortgage in principle, my bid on a property in Little Ilford has been accepted, now what?
Your property agent will want to know who your solicitors are (ensure that the conveyancers are on the bank’s approved list). Telephone Principality or the financial adviser and finalise any appropriate forms. Principality will instruct a valuer who will get in touch with the estate agent or owners to arrange an appointment. Once carried out (assuming no problems) it takes about a fortnight to receive the mortgage offer. Principality will issue the offer to you and your lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in Little Ilford.
I require fast conveyancing in Little Ilford as I am under an ultimatum to exchange contracts in less than one month. A home loan is not required. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at free not to do searches although no lawyer would suggest that you don't. With lots of history conveyancing in Little Ilford the following are instances of issues that can arise and adversely impact future saleability: Enforcement Actions, Overdue Fees, Overdue Grants, Road Schemes,...
Due to the input of my in-laws I had a survey completed on a property in Little Ilford in advance of retaining solicitors. I have been advised that there is a flying freehold aspect to the property. The surveyor advised that some lenders tend not give a mortgage on a flying freehold premises.
It varies from the lender to lender. Lloyds has different instructions for example to Halifax. If you e-mail us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Little Ilford. Conveyancing may be slightly more expensive based on your lender's requirements.
Having had my offer accepted I require leasehold conveyancing in Little Ilford. Before diving in I would like to find out the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and almost all are in Little Ilford - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Having spent years of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Little Ilford. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Absolutely. We can put you in touch with a Little Ilford conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Little Ilford property is 9 Granville Road in June 2014. The tribunal determines the enfranchisement price payable by the applicants for the freehold was £32,548 This case related to 5 flats. The number of years remaining on the existing lease(s) was 73.8 years.
We recently discovered that one of the partners of the firm acting on the purchase conveyancing in Little Ilford is an uncle of the owners that we are buying from. Is this allowed?
Provided there is no conflict of interest this is permitted. Where you are obtaining mortgage finance then the lender may have a say as many lenders have specific requirements concerning this. For example for HSBC as of 7/11/2024, the requirements read as follows :