Our family solicitor has quoted just over a thousand pound for fixed fee conveyancing in East Finchley. I’m hoping to sell a Victorian detached home for £275,000. This seems too much. Is it in excess of what I should be paying for conveyancing in East Finchley?
The estimate does seem marginally steep. If you are happy to spend time contrasting costs you could decrease the fees slightly by say a hundred pounds. That being said, you mightlive to rue choosing an an unknown solicitor. If is important to ensure that the solicitor can also act for your bank. Do make use of our search tool to locate a East Finchley conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in East Finchley.
Some advice if I may. My East Finchley solicitor is assuring me that she is duty bound toapply for East Finchley conveyancing searches due to the fact thatthe firm are on the HSBCsolicitor panel. These East Finchley checks cost a lot of money can this be avoided?
Unfortunately both you and your lawyer have little choice here. As you are obtaining a mortgage with a mortgage company your conveyancing practitioner has to comply with their conditions as set out in their version of the CML Conveyancing Handbook. Your conveyancing practitioner would have previously signed the Terms and Conditions of your bank’s conveyancing panel appointment which obliges them to comply with the Council of Mortgage Lenders’ Handbook specifications . Even if you were a cash buyer you would be ill advised not to carry out East Finchley conveyancing searches.
Completed the sale of my flat in East Finchley last February but the buyer keeps texting me to moan that their lawyer is waiting to hear from mine. What are the post completion sale legalities following completion?
Post completion of your sale your lawyer should forward the transfer documentation and all additional paperwork to the purchaser's solicitors. Where relevant, your solicitor must also evidence that the mortgage has been discharged to the purchasers solicitors. There is unlikely to be post completion steps unique to conveyancing in East Finchley.
I am looking for a flat up to £305k and found one close by in East Finchley I like with amenity areas and transport links in the vicinity, the downside is that it's only got 61 years on the lease. There is not much else in East Finchley suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the shortness of the lease will likely be a potential deal breaker. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
I am hoping to put an offer on a small detached house that appears to be perfect, at a great figure which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in East Finchley. Conveyancing lawyers have not yet been appointed. Will they explain the issues?
Most houses in East Finchley are freehold rather than leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can help the conveyancing process. It is clear that you are buying in East Finchley so you should seriously consider looking for a East Finchley conveyancing practitioner and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions such as requiring the freeholder’spermission to carry out changes to the property. It may be necessary to pay a service charge towards the maintenance of the communal areas where the property is located on an estate. Your conveyancer should advise you fully on all the issues.
After months of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in East Finchley. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We can put you in touch with a East Finchley conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a East Finchley residence is Ground Floor 110 Station Road in June 2013. The Tribunal found that the premium payable for a lease extension should be £31,665. This case related to 1 flat. The unexpired lease term was 56.65 years.