I was recommended to a conveyancer who has given a fee estimate £1150 for freehold conveyancing in South London. I am looking to sell a purpose built house for £200,000. This appears over the top. Is it in excess of the norm for conveyancing in South London?
The charges are a tad high. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you couldlive to rue choosing an a cheaper lawyer. Don't forget to enquire that the firm can act for your mortgage company. You can make use of our comparison tool to choose a South London conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in South London.
In reviewing moneysavingexpert.com for an online lawyer in South London, most say that I must look for a CQS accredited solicitor. What is CQS?
The Conveyancing Quality Scheme (CQS) provides a recognised quality standard for residential conveyancing practices issued by the Law Society. Membership achievement establishes a level of credibility for member firms with stakeholders (regulators, lenders, insurers and consumers) based upon: * the integrity of the senior responsible officer and other key conveyancing staff * the firm's adherence to good practice management standards * compliance with best practice conveyancing processes through the scheme protocol It includes numerous companies who carry out conveyancing in South London.
I am looking for a flat up to £305k and found one round the corner in South London I like with amenity areas and station nearby, the downside is that it's only got 51 remaining years left on the lease. There is not much else in South London in this price bracket, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage that many years will likely be an issue. Discount the offer by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the property for at least 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
We're new to the buying process - had an offer accepted, but the selling agent informed us that the owners will only proceed if we appoint their chosen solicitors as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local conveyancer accustomed to conveyancing in South London
It is highly unlikely the sellers are behind this. Should the vendor desire ‘a quick sale', taking such a hostile approach to a serious purchaser is not the way to achieve this. Bypass the agents and go straight to the sellers and make the point that (a)you are serious purchasers (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)but you intend to appoint your preferred South London conveyancing lawyers - as opposed tothe ones that will earn their estate agent a introducer fee or hit his conveyancing targets demanded by HQ.
Due to exchange soon on a studio apartment in South London. Conveyancing lawyers assured me that they report fully next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in South London should include some of the following:
Changes to the premises It needs to be made clear to you whether the lease allows you to alter or upgrade aspects of the flat- you must know whether it relates to all alterations or limited to structural alteration, and whether consent is mandated necessary The total ownership of the demise. This might be the flat itself but may include a roof area or basement if applicable. What options are available to the landlord where you are in breach of your lease terms? Details of the parties to the lease, for example these could be the tennant, superior lessor, landlord
We have reached the end of our tether in trying to purchase the freehold in South London. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant statutes it is possible to make an application to the LVT to judgment on the price payable.
An example of a Lease Extension matter before the tribunal for a South London premises is Flat B 10 Grove Avenue in October 2013. Following a vesting order Clerkenwell and Shoreditch County Court 3rd July 2013 The tribunal determines that the premium payable for the lease extension was £36,215.00 This case related to 1 flat. The unexpired lease term was 65.21 years.