Why would one instruct a Aldwych conveyancing solicitors firm given that online conveyancers are cheap by comparison?

Its a good idea to get 2 or 3 like-for-like quotes for conveyancing costs in Aldwych and you should seek an affordable fee calculation but don’t become consumed with sourcing the lowest priced Aldwych conveyancer. Finding the right conveyancer can be the distinction between a seamless and a distressing house move. You need to ensure that you have expert advice from a trusted lawyer. An e-mail can never be as helpful as a phone discussion and can never replicate a face to face appointment. Our partner firms will appoint you a qualified and experienced conveyancing solicitor who can deal with your conveyancing from beginning to end, providing a level of continuity that you will never get with an web based conveyancer. He or She will inform you on headway making sure that you are never in the dark. Should you need to call the firm you will be sure who you need to speak to and we'll be sure you are in the know.

I am the registered owner of a freehold premises in Aldwych but nevertheless invoiced for rent, why is this and what is this?

It’s unusual for properties in Aldwych and has limited impact for conveyancing in Aldwych but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.

Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.

Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 is to be dispensed with completely.

The Aldwych conveyancing firm that I recently instructed on my purchase in Aldwych have without warning closed. They were on acting for me because I had to have a solicitor on the UBS conveyancing panel and my family Aldwych lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What are my options?

Assuming that you have an Estate Agent in the equation then inform them straight away so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the UBS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to assist.

I am buying my first flat in Aldwych with a mortgage from Virgin Money. The sellers would not budge the price so I negotiated 6k of fixtures and fittings instead. The house builders rep suggested that I not to tell my lawyer about this deal as it may put at risk my mortgage with the bank. Should I keep quiet?.

All lenders require a Disclosure of Incentives Form from the builder 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.

Why do Aldwych conveyancing charges are higher for leasehold and freehold properties?

Inevitably there is increased work required in leasehold conveyancing. Aldwych has many leasehold properties. There is more paperwork involved in the purchase: for example, the lease and leasehold information (including up to date service charge, ground rent and buildings insurance details) obtained from the freeholder or managing agents. There are strict criteria that the lease must meet in order to be acceptable to a mortgage company. If it does not meet these requirements, the lease must be amended, which can involve additional expense for the seller.