In the event thatI was to acquire a straightforward homein Bexley for cash and dispense with a survey and no conveyancing searches how much should I expect to to save on my conveyancing in Bexley?
The only reduction in fees you would make on is the Bexley conveyancing searches. The conveyancer is required to do the vast majority of work - money laundering, communicating with your vendors conveyancing practitioner, stamp duty return, register the title etc. You might save a bit for them not needing to register a charge however it will not be meaningful.
Why is leasehold purchase conveyancing in Bexley costs more?
In short, leasehold conveyancing in Bexley and South East London usually involve more due diligence compared to freehold transactions. This includes analysing the lease terms, communicating with the landlord concerning the service of applicable notices, securing current service charge and management information, obtaining the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first granted.
What is the optimum way to find out if the solicitor conducting my conveyancing in Bexley is on the lender’sconveyancing panel? I am looking to avoid the situation of having one lawyer for me and one for Barclays thus spending £187.00 plus VAT in further legal fees.
You should make use of the search tool on this site. Please choose the lender and type ‘Bexley’ or your location and you will be presented with numerous solicitors offices in Bexley or nearest you.
It has been 4 months since my purchase conveyancing in Bexley took place. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
What advice can you give us when it comes to appointing a Bexley conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a solicitor for your lease extension (regardless if they are a Bexley conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of work. We advise that you speak with two or three firms including non Bexley conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be of use:
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What volume of lease extensions has the firm conducted in Bexley in the last twenty four months?
I have given up trying to purchase the freehold in Bexley. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Most certainly. We are happy to put you in touch with a Bexley conveyancing firm who can help.
An example of a Lease Extension case for a Bexley property is 103a Footscray Road in January 2014. The tribunal determines that the premium payable for the extended lease should be £34,500 according to the expert witness valuation calculation This case related to 1 flat.
Being a leasehold owner I am liable for a service charge for my appartment in Bexley. Due to redundancy and personal issues I fell into arrears with remittance. The freeholders agreed a payment plan but there is still two currently outstanding.
I am under pressure to sell and I am panicking this will hold me back if I have to pay off the arrears first. Do I have to settle before - is this possible?
Do clarify with the lawyer conducting your Bexley conveyancing but it might be possible to agree for the arrears to be transferred to the buyers. The contractual price payable would be adjusted to reflect the amount of debt they assume. They would then pay the arrears once they are the owners.