My previous solicitor has given a fee estimate £1350 for freehold conveyancing in London. I am looking to sell a purpose built house for £275,000. Are these estimated fees excessive? Is it above the norm for conveyancing in London?
The charges are a little high. If you are prepared to expend time contrasting fee on a like for like basis you might get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, you couldlive to regret opting for an an untested solicitor. Remember to check that the firm can also act for your bank. Do make use of our comparison tool to select a London conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in London.
Can you help - my lawyer says that defective lease insurance is necessary on my purchase. What is the level of cover for London conveyancing?
The right level of defective lease indemnity insurance should be dictated by who your lender. It would differ for example between Yorkshire Building Society and Virgin Money. Conveyancing solicitors as opposed to borrowers take out such policies.
The formalities of my remortgage has taken place for my property in London. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
Most lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are resolved very quickly. If you feel the matter is not resolved you can write to Financial Ombudsman Service who will take matters further.
Leeds Building Society have agreed my mortgage in principle, my bid on a flat in London has been accepted, now what?
Your property agent will want to be advised as to your conveyancer's details (ensure that the lawyers are on the lender’s approved list). Contact Leeds Building Society or the broker and finish off any appropriate documentation. Leeds Building Society will appoint a valuer who will get in touch with the selling agent or vendor to book an appointment. Once carried out (assuming no problems) it takes on average ten days to receive the mortgage offer. Leeds Building Society will issue the offer to you and your property lawyers. The legal work will then take it’s course according the nature and complexity of the conveyancing in London.
Due to the guidance of my in-laws I had a survey completed on a house in London ahead of retaining conveyancers. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies will refuse to give a mortgage on a flying freehold house.
It varies from the lender to lender. Santander has different instructions from Nationwide. If you call us we can check with the relevant lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in London. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in London to see if the conveyancing will be more expensive.
I am looking into buying my first house which is in London and I am already nervous. I couldn't find anything specific about London. Conveyancing will be needed in due course but do you know about the London area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at London. In the meantime here are some basic statistics that we found
What are your top tips when it comes to finding a London conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a conveyancer for lease extension works (regardless if they are a London conveyancing practice) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non London conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
How many lease extensions have they conducted in London in the last twenty four months?
I am the registered owner of a two-bedroom flat in London. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
if there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to make a decision on the amount due.
An example of a Freehold Enfranchisement matter before the tribunal for a London residence is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case affected 1 flat. The unexpired lease term was 73.26 years.