Is there a reason why leasehold purchase conveyancing in Harrow on the Hill is more expensive?
In summary, leasehold conveyancing in Harrow on the Hill and elsewhere usually requires extra work compared to freehold transactions. This includes reviewing the lease, corresponding with the landlord concerning serving required notices, securing up-to-date service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
Are all Harrow on the Hill Conveyancing Quality Solicitors on the Co-operative conveyancing list of approved firms?
It is true that some lenders now utilise CQS as the starting point for Panel membership such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their panels.
We had instructed solicitors based in Harrow on the Hill on the Yorkshire BS solicitor approved list. They are now charging me a separate fee for the legal aspects of the Yorkshire BS mortgage. Is this an additional conveyancing fee set by Yorkshire BS?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your conveyancer may charge a fee for this. This fee is not dictated by Yorkshire BS but by your Harrow on the Hill conveyancing practitioner. Plenty of firms on the Yorkshire BS panel will levy an ‘acting for lender’ fee and others do not.
Planning on purchasing a apartment in Harrow on the Hill. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Lender if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Barclays conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Harrow on the Hill lawyer is on the Barclays conveyancing panel.
I am downsizing from our property in Harrow on the Hill and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. A local lawyer would know this is not the case. It does beg the question why the purchasers instructed a web based conveyancing practice as opposed to a conveyancing solicitor in Harrow on the Hill. We have lived in Harrow on the Hill for three years we know of no issue. Should we contact our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
three months have elapsed following my purchase conveyancing in Harrow on the Hill concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey completed on a house in Harrow on the Hill in advance of appointing solicitors. I have been advised that there is a flying freehold element to the property. The surveyor advised that some mortgage companies tend refuse to grant a mortgage on a flying freehold premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. If you call us we can look into this further via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Harrow on the Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Harrow on the Hill to see if the conveyancing will be more expensive.