What is the most effective way to find the right lawyer who can provide a first class service for our conveyancing in North West London?
Option 1 is to ask connections whom they would seek assistance from.
Second, use a comparison service on the internet for conveyancing in North West London. Telephone a couple or more firms from the list and invite them to email you their conveyancing quote and speak to the lawyer who will oversee your conveyancing in advance ofmaking your decision.
Third is to use our search tool to assist you in finding the right lawyers for you based on your personal requirements including the type of property,speed, complexity and who your intended lender is. Don't take the bait of £99 conveyancing in North West London
I am the registered owner of a freehold property in North West London but nevertheless pay rent, why is this and what is this?
It is rare for properties in North West London and has limited impact for conveyancing in North West London 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 have existed for many centuries, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 is to be extinguished.
Just had an offer accepted on a new build apartment in North West London. Conveyancing is a frightening process 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.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in North West London
Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision.
What makes your site different to alternative online quote calculators when it comes to conveyancing in North West London?
At this site receive an accurate quote via a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in North West London. As opposed to estate agents and many comparison sites we are not in the business of charging firms a fee if you choose them for your home move in North West London
Last May I purchased a leasehold property in North West London. Am I liable to pay service charges relating to a period prior to completion of my purchase?
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. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure 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).
Leasehold Conveyancing in North West London - Sample of Questions you should ask Prior to Purchasing
How is the lease structured? Many North West London leasehold properties will be liable to pay a service charge for maintenance of the building set by the landlord. Should you purchase the property you will have to meet this contribution, usually quarterly during the year. This can be anything from a couple of hundred pounds to thousands of pounds for bigger purpose-built blocks. There will also be a rentcharge to be met annual, ordinarily this is not a large sum, say about £25-£75 but you need to enquire as sometimes it could be prohibitively expensive.