My wife and I are soon to complete on the purchase of a property in West Beckton but as a consequence of damage from some water damage at the property I have managed to agree recompense from the vendor in the sum of £2k in the form of a reduction in the price. This was going to be dealt with as part of a side agreement yet Santander are not allowing this. Should they have been notified?
Any property lawyer that is on a Santander conveyancing panel is duty bound to inform Santander of any amendments to the sale price. If you were to refuse your conveyancing practitioner to report the reduction to Santander then they would have to discontinue acting for you. In addition, Santander and you would have to appoint a new property lawyer for your conveyancing in West Beckton.
It is is a decade since I bought my home in West Beckton. Conveyancing solicitors have recently been instructed on the sale but I am unable to track down the title documents. Is this a major issue?
Don’t worry too much. First there is a chance that the deeds will be retained by the lender or they could stored with the solicitor who oversaw your purchase. Secondly in all probability the land will be registered at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors obtaining current official copies of the land registers. Nearly all conveyancing in West Beckton relates to registered property but in the unlikely event that your property is not registered it is more of a problem but is resolvable.
Can I be sure that the West Beckton conveyancing solicitor on the Kent Reliance panel is any good?
When it comes to conveyancing in West Beckton getting recommendations is a sensible starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one which is cheap as chips. We would always recommend that you speak with the solicitor carrying out your conveyancing.
The formalities of my remortgage has taken place for my property in West Beckton. Conveyancing was a necessary evil but I would like to complain about the lender. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the lender’s branches or the Customer Care Department at head office. In most cases complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Nationwide have agreed my home loan in principle, my offer on a apartment in West Beckton has been accepted, now what?
The property agent will need to know who your solicitors are (ensure that the property lawyers are on the lender’s panel). Telephone Nationwide or the broker and finalise any outstanding forms. Nationwide will appoint a valuer who will get in touch with the selling agent or vendor to book a time for the valuation to happen. Once carried out (assuming no problems) it takes on average a fortnight to receive the mortgage offer. Nationwide will issue the offer to you and your conveyancing practitioners. The transaction will then take it’s course according the nature and complexity of the conveyancing in West Beckton.
I am looking for a flat up to £245,000 and identified one near me in West Beckton I like with a park and railway links nearby, the downside is that it's only got 52 remaining years left on the lease. I can't really find anything else in West Beckton in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the shortness of the lease will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
Hoping to buy a property located in West Beckton and I am already nervous. I couldn't find anything specific about West Beckton. Conveyancing will be needed in due course but do you know about the West Beckton area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at West Beckton. In the meantime here are some basic statistics that we found