I instructed a East Twickenham based firm for our conveyancing in East Twickenham yesterday. Reviewing the Terms and Conditions I notewe are responsible for charges even where the transaction does not complete. Should I ditch them and select a web based lawyer promoting no move no charge conveyancing in East Twickenham?
Generally there is a compromise along the lines that if "No Sale No Fee" is advertised then the fee levels will generally be higher to counteract the conveyances that do not proceed. Dont forget that such deals generally do not cover expenditure for instance East Twickenham conveyancing search expenses.
I purchased a freehold residence in East Twickenham yet charged rent, why is this and what is this?
It’s unusual for properties in East Twickenham and has limited impact for conveyancing in East Twickenham 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
Given that I am about to spend 450k on 3 bedroom house in East Twickenham I wish to have a conversation with the conveyancer concerning theconveyancing prior to instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer who will be carrying out your conveyancing in East Twickenham.There is no ‘factory style conveyancing’ - every client is unique individual, not a matter reference. The solicitors that we put you in touch with believe that the figure you are provided with for residential conveyancing in East Twickenham should be the amount on the final invoice that you end up paying.
My husband and I are FTB’s - had an offer accepted, yet the agent told us that the seller will only move forward if we appoint the agent's preferred conveyancers as they are insisting on a ‘quick sale’. We would rather use a family solicitor who is accustomed to conveyancing in East Twickenham
It is improbable the sellers are driving this. Should the owner desire ‘a quick sale', alienating a serious purchaser is likely to cause more damage than good. Speak to the vendors direct and make the point that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to use your own,trusted East Twickenham conveyancing firm - as opposed tothose that will provide the estate agent a commission or hit his conveyancing thresholds set by senior management.
I work for a busy estate agent office in East Twickenham where we have witnessed a few flat sales jeopardised due to short leases. I have received inconsistent advice from local East Twickenham conveyancing firms. Could you clarify whether the vendor of a flat can instigate the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done before, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I have had difficulty in seeking a lease extension in East Twickenham. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We can put you in touch with a East Twickenham conveyancing firm who can help.
An example of a Lease Extension case for a East Twickenham residence is Ground Floor Flat 91 Bath Road in May 2009. in a case where the freeholder could not be traced, the Brentford County Court ordered that the Lease be surrendered in return for the grant of a new lease of the Premises at a premium determined by the Leasehold Valuation Tribunal. The tribunal concluded that the price payable by the Applicant for the new lease of the premises be £15,900 This case related to 1 flat. The unexpired residue of the current lease was 60.45 years.