Just been in touch with my conveyancing solicitor in Maida Vale who acted for me two years ago requesting a conveyancing estimate based on an identical type of house sale & purchase (a leasehold property and a freehold property) of almost identical values with a mortgage from Platform Home Loans Ltd. I am now being charged double. Should I look for an alternative property lawyer?
The quote is fractionally on the high side. Where you are willing to invest time comparing prices you could get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, if you were happy with the service the firm offered you couldlive to rue opting for an an unknown lawyer. Don't forget to ensure the solicitor can represent Platform Home Loans Ltd. You can make use of our search tool to select a Maida Vale conveyancing firm on the Platform Home Loans Ltd approved list of lawyers, which can often include conveyancing solicitors in Maida Vale.
AssumingI were to acquire a straightforward propertyin Maida Vale mortgage fee and dispense with a survey and no local authority searches how much could I expect to to save on my conveyancing in Maida Vale?
The only reduction in fees you would make on is the disbursement for searches. A conveyancer still be obliged to do everything else - money laundering, communicating with the sellers conveyancer, stamp duty return, register the title etc. You might save a bit for them not needing to register a mortgage but it will not be a lot.
We wanted to use a property lawyer in Maida Vale for our house purchase. Our financial adviser has since notified us that our bank The Royal Bank of Scotland won't deal with them. Why is this not regarded as unduly restrictive?
Lenders in the main imposes restrictions either the type or the number of conveyancing practices on their panel. A common example of such criteria being that a law practice must not be a sole practitioner. In addition to restricting the type of firm, some have decided to limit the number of firms they allow to represent them. Be aware that The Royal Bank of Scotland have no responsibility for the quality of advice provided by any member of The Royal Bank of Scotland Conveyancer Panel. Mortgage fraud was a key driver in the reduction of conveyancing panels a few years ago even though there remains mixed opinions about the extent of solicitor involvement in some of that fraud. Figures from the Land Registry reveal that plenty of law firms, including some in or near Maida Vale only conduct very few conveyances per annum.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Maida Vale. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Maida Vale
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Please supply a car parking plan. Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Back In 2000, I bought a leasehold flat in Maida Vale. Conveyancing and TSB mortgage organised. A letter has just been received from someone saying they have taken over the reversionary interest in the property. It included a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Maida Vale who previously acted has long since retired. Do I pay?
First make enquiries of HMLR to be sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Maida Vale conveyancing practitioner to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
After months of dialogue we cannot agree with our landlord on how much the lease extension should cost for our flat in Maida Vale. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or where there is disagreement about the premium for a lease extension, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to judgment on the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Maida Vale property is 4 & 4A Charteris Road in June 2009. the Tribunal held that the price to be paid for the enfranchisement of 4/4a Charteris Road to be £15,510 for at 4and £15,694 for at 4a This case affected 2 flats. The unexpired term was 70.02 years.