Having been referred to your web site we were about to go ahead with a conveyancing solicitor in North East London endorsed by you but stumbled across alternative estimates on the internet appear less pricey – how come?
You can find numerous solicitors promoting supposedly cut-price conveyancing, but extracosts end up with the closing fee being escalated. Conveyancers are obliged to make sure that fees contained in terms of engagement should be equitable raised The solicitors that we put forward for conveyancing in North East London set out all costs for a standard conveyancing case.
My relative suggested that if I am buying in North East London I should ask my conveyancer to execute a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is occasionally quoted for as part of the standard North East London conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about North East London around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, North East London Education with maps and statistics, Local Amenities and other useful data about North East London.
I am buying a new build flat in North East London. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in North East London
Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? There must be mutual enforceability of lessee’s covenants. 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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal.
As co-executor for the estate of my aunt I am disposing of a property in Neath but I am based in North East London. My solicitor (approximately 235 kilometers from meneeds me to sign a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing lawyer in North East London who can witness this legal document for me?
strictly speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in North East London
Last November I purchased a leasehold house in North East London. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a leasehold flat in North East London, conveyancing having been completed 3 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Equivalent flats in North East London with an extended lease are worth £195,000. The ground rent is £45 invoiced every year. The lease expires on 21st October 2084
You have 63 years remaining on your lease we estimate the premium for your lease extension to span between £16,200 and £18,600 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.