My previous lawyer has given a fee estimate £1200 for no sale no fee conveyancing in Camberwell. I’m selling a Edwardian house for £275,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Camberwell?
The estimate does seem marginally steep. If you are willing to expend time comparing charges you could shave off some of the expense by say a hundred pounds. That being said, you maylive to rue opting for an an unknown solicitor. Don't forget to be sure that the solicitor can act for your bank. You can use our comparison tool to select a Camberwell conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Camberwell.
I own a freehold residence in Camberwell but nevertheless invoiced for rent, why is this and what is this?
It is rare for properties in Camberwell and has limited impact for conveyancing in Camberwell 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 creation of new rentcharges from 1977 onwards.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be dispensed with completely.
My relative advised me that where I am purchasing in Camberwell I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually included in the estimate for your Camberwell conveyancing searches. It is not a small document of more than thirty pages, listing and setting out significant information about Camberwell around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Camberwell Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Camberwell Education with maps and statistics, Local Amenities and other useful data about Camberwell.
How does conveyancing in Camberwell differ for newly converted properties?
Most buyers of new build residence in Camberwell contact us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because house builders in Camberwell tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Camberwell or who has acted in the same development.
I decided to have a survey completed on a house in Camberwell prior to instructing lawyers. I have been advised that there is a flying freehold element to the house. My surveyor advised that some mortgage companies may refuse to grant a mortgage on a flying freehold premises.
It depends who your proposed lender is. Santander has different requirements from Birmingham Midshires. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Camberwell. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Camberwell to see if the conveyancing costs will increase in light of this.
Having had my offer accepted I require leasehold conveyancing in Camberwell. Before I set the wheels in motion I require certainty as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in Camberwell - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have had difficulty in trying to purchase the freehold in Camberwell. Can this matter be resolved via the Leasehold Valuation Tribunal?
You certainly can. We are happy to put you in touch with a Camberwell conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Camberwell flat is 28 Valmar Road in June 2013. this was a case with an absentee freeholder. As a result the leaseholders applied to the Lambeth County Court for an order dispensing with the giving of a notice of claim. On 25 April 2013 District Judge Zimmels made a vesting order and directed that the matter should be transferred to this tribunal to determine the premium. The tribunal concluded on a figure of £1,125 This case was in relation to 3 flats. The number of years remaining on the existing lease(s) was 968 years.