Have completed on a a detached house in Shadwell , how long should it take for the Land Registry to register the transfer to my name? My Shadwell conveyancing solicitor works at snail pace, so I want to be certain the registration is concluded.
As far as conveyancing in Shadwell is concerned, registration is no faster or slower than the rest of England and Wales. Rather than based on location, timescales can differ according to who lodges the application, whether it is in order and if the Land registry communicate with any third parties. Currently roughly 80% of such applications are fully dealt with in less than three weeks but some can be subject to protracted hold-ups. Historically registration is effected after the buyer is living at the premises thus an expedited registration is not usually primary concern but where it is urgent that the the registration takes place urgently then you or your conveyancer could contact the land registry and explain the circumstances.
I am buying my first flat in Shadwell with a mortgage from Yorkshire Building Society. The builders would not budge the amount so I negotiated 6k of fixtures and fittings instead. The estate agent advised me not disclose to my conveyancer about the side-deal as it may affect my mortgage with the bank. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
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 straight forward, no chain conveyancing. Shadwell is where the house is located. What do you suggest?
Flying freeholds in Shadwell are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Shadwell you must be sure that your lawyer goes through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Shadwell may determine 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 property.
In what way can the Landlord & Tenant Act 1954 affect my business premises in Shadwell and how can your lawyers assist?
The 1954 Act affords security of tenure to commercial lessees, giving them the a statutory right to make a request to court for a new tenancy and continue in occupation at the end of the lease term. There are certain specified grounds where a landlord can refuse a lease renewal and the rules are involved. Fees are different for commercial conveyancing. Shadwell is one of the numerous areas of the UK in which our lawyers have offices
What type of premises does your Shadwell conveyancing estimates apply to?
The quotes issued are only relevant to standard residential homes in England & Wales. Where you have any different requirements such as industrial or agricultural land or commercial conveyancing in Shadwell you should telephone us to consider your requirements .