Just contacted my conveyancing solicitor in Parsons Green who acted for me 18 months ago asking for a conveyancing costs illustration based on the same type of house move (a leasehold property and a freehold premises) of almost identical values with a loan from Yorkshire Building Society. I am now being quoted double. Am I right to be tempted to shop around for a cheaper online conveyancer?
The estimate does seem a tad steep. Where you are prepared to expend time comparing prices you may be able to shave off some of the cost by say £125. On the other hand, assuming were satisfied with the legal work the firm provided you mightcome to rue choosing an an unknown solicitor. Don't forget to be sure the solicitor can act for Yorkshire Building Society. Do employ our search tool to get a quote a Parsons Green conveyancing firm on the Yorkshire Building Society approved list of lawyers, which can often include conveyancing solicitors in Parsons Green.
IfI was to buy a freehold homein Parsons Green mortgage fee and have no survey and no local authority searches how much would I expect to have to pay for conveyancing in Parsons Green?
Any savings you would make will be limited to the disbursement for searches. Your conveyancer still got to do everything else - money laundering, communicating with the sellers lawyer, SDLT submission, register the title etc. A marginal saving might be made by not having to register a mortgage however it won't be a lot.
The Parsons Green conveyancing solicitors that I recently instructed on my purchase in Parsons Green have suddenly shut down. I only went with them because I needed a solicitor on the Virgin Money conveyancing panel and my previous Parsons Green lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What do I do now?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Virgin Money conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to help.
Me and my brother purchased a renovated Victorian house in Parsons Green. Conveyancing practitioner represented me and Lloyds TSB Bank. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Parsons Green and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with the conveyancing solicitor who conducted the conveyancing.
I am tempted by the attractive purchase price for a couple of maisonettes in Parsons Green both have approximately fifty years remaining on the lease term. Should I regard a short lease as a deal breaker?
There are plenty of short leases in Parsons Green. The lease is a legal document that entitles you to use the premises for a period of time. As the lease shortens the marketability of the lease reduces and it becomes more expensive to acquire a lease extension. This is why it is generally wise to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a protracted process. We advise that you get professional help from a conveyancer and surveyor with experience in this arena.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Parsons Green conveyancing firm to help?
Absolutely. We can put you in touch with a Parsons Green conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Parsons Green premises is 66 and 66a Wardo Avenue in November 2012. The Tribunal determined that the sum of £8,048 is payable by the Applicants in respect of the price for the freehold of the property This case was in relation to 2 flats. The unexpired term as at the valuation date was 93 years and 162 years.