We instructed a high street firm for my conveyancing in Bow Street recently. Upon checking the official terms of business it is apparent thatI am responsible for fees even if the sale aborts. Should I go with them or use a web based conveyancing brokerage offering no completion no cost conveyancing in Bow Street?
It is usually a trade off in that if "No Completion No Fee" is available then the fee levels will generally be higher to counteract those conveyances that do not proceed. Dont forget that these promotions tend not to cover expenses e.g. Bow Street conveyancing search fees.
I require quick conveyancing in Bow Street as I am under pressure to exchange contracts within one month. A mortgage is not required. Is it possible to decline from having conveyancing searches to save fees and time?
As you are are a mortgage free purchaser you are at free not to do searches although no law firm would recommend that you don't. With lots of history conveyancing in Bow Street the following are examples of what can be revealed and adversely affect the marketability of the property: Enforcement Actions, Overdue Fees, Outstanding Grants, Road Schemes,...
My wife and I own a semi-detached Georgian property in Bow Street. Conveyancing solicitor acted for me and Skipton Building Society. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold under the matching address. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bow Street and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with your conveyancing solicitor who conducted the work.
We're FTB’s - had an offer accepted, but the selling agent informed us that the vendor will only issue a contract if we use the agent's recommended lawyers as they want a ‘quick sale’. Our preferred option is to instruct a high street solicitor with experience of conveyancing in Bow Street
We suspect that the seller is not behind this request. Should the owner want ‘a quick sale', alienating a motivated buyer is going to damage their objectives. Avoid the agents and go straight to the sellers and make the point that (a)you are serious purchasers (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you will continue to instruct your preferred Bow Street conveyancing lawyers - as opposed tothe ones that will give the estate agent a referral fee or meet his conveyancing targets pre-set by corporate headquarters.
What are your top tips when it comes to finding a Bow Street conveyancing firm to carry out our lease extension conveyancing?
When appointing a solicitor for your lease extension (regardless if they are a Bow Street conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you speak with two or three firms including non Bow Street conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:
What volume of lease extensions has the firm conducted in Bow Street in the last year? If they are not ALEP accredited then what is the reason?
Leasehold Conveyancing in Bow Street - Examples of Questions you should ask Prior to Purchasing
What is the yearly service fee and ground rent? The answer will be important as a) areas could cause problems for the building as the communal areas may begin to deteriorate where services are not paid for b) if the leasehold owners have an issue with the running of the building you will need to know about it Many Bow Street leasehold apartments will be liable to pay a service bill for the upkeep of the building set on behalf of the freeholder. Should you purchase the property you will have to pay this charge, usually quarterly throughout the year. This could vary from a couple of hundred pounds to thousands of pounds for bigger purpose-built buildings. There will also be a rentcharge to be met annual, this is usually not a large figure, say around £25-£75 but you need to check as sometimes it can be prohibitively expensive.