Our family solicitor has sent a quote for £1700 for fixed fee conveyancing in Vauxhall. I’m hoping to downsize from a modern house for £275,000. This seems expensive. Is it above the norm for conveyancing in Vauxhall?
The charges are a bit high. If you shop around you could reduce the fees slightly by say £100 plus VAT. On the other hand, you mightlive to rue choosing an a cheaper conveyancer. Don't forget to be sure that the firm can act for your lender. Do employ our comparison tool to locate a Vauxhall conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Vauxhall.
We see that you have a search directory listing law firms on the Lloyds conveyancing panel. Do firms pay you a referral fee if I retain them for our conveyancing in Vauxhall?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Vauxhall.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one close by in Vauxhall I like with amenity areas and station in the vicinity, however it only has 52 years unexpired on the lease. There is not much else in Vauxhall in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the expected lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Am I better off to use a Vauxhall conveyancing practitioner in close proximity to the house I am buying? I have an old university friend who can carry out the legal work however her office is approximately 350kilometers drive away.
The benefit of a local Vauxhall conveyancing practice is that you can drop in to execute paperwork, deliver your ID and pester them if necessary. Having local Vauxhall know how is a benefit. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have instructed your friend and in the main were impressed that must outweigh using an unfamiliar Vauxhall conveyancing solicitor just because they are local.
Can you provide any advice for leasehold conveyancing in Vauxhall with the purpose of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Vauxhall can be bypassed where you get in touch lawyers as soon as you market your property and request that they start to put together the leasehold documentation needed by the purchasers’ lawyers. If you have the benefit of shareholding in the freehold, you should make sure that you have the original share document. Obtaining a replacement share certificate can be a lengthy process and slows down many a Vauxhall conveyancing transaction. Where a new share certificate is needed, do contact the company officers or managing agents (if applicable) for this sooner rather than later. The majority of freeholders or managing agents in Vauxhall charge for providing management packs for a leasehold premises. You or your lawyers should find out the actual amount of the charges. The management pack can be applied for as soon as you have a buyer, thus reducing delays. The average time it takes to receive management information is three weeks. It is the most frequent reason for delay in leasehold conveyancing in Vauxhall. If you have carried out any alterations to the residence would they have required Landlord’s approval? Have you, for example laid down wooden flooring? Vauxhall leases often stipulate that internal structural changes or addition of wooden flooring require a licence issued by the Landlord approving such changes. If you dont have the approvals to hand you should not communicate with the landlord without contacting your lawyer in the first instance. Some Vauxhall leases require Licence to Assign from the landlord. If this is the case, it would be prudent to notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are financially capable of paying the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their solicitors.
My wife and I have hit a brick wall in seeking a lease extension in Vauxhall. Can this matter be resolved via the Leasehold Valuation Tribunal?
if there is a absentee landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to determine the sum to be paid.
An example of a Lease Extension matter before the tribunal for a Vauxhall property is Flats 12A & 19, Evelyn Mansions Carlisle Place in June 2009. The Tribunal held that the price to be paid for the new lease of Flat 12A is £168,824, For the other flat the price was set at £169,110 This case related to 2 flats. The unexpired term was 56 years.