My fiance’s sister is a conveyancer. I expect that I can be offered friends and family pricing for conveyancing, but if not, what kind of figure would I typically be looking at for conveyancing in Chalk Farm?
It’s wise to request two or three conveyancing estimates. Do use our comparison tool on this page. You will notice that estimates will be different but the service one can expect differ between law firms as is true with the vast majority of professional services.
My solicitor has discovered a a legal deficiency with the lease for the property we are purchasing in Chalk Farm. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer says that he must check that the lender is happy with this solution. Are we the client or is the mortgage company ?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook specifications. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your property lawyer will have no choice but to discontinue acting for you.
What does my ID and proof of funds have anything to do with my conveyancing in Chalk Farm? Is this really warranted?
Anti-terror and anti-money-laundering rules require solicitors and licensed conveyancers to check the ID of the person or body they are dealing with prior to agreeing to accepting their conveyancing business. The Client Care letter that you need to sign should stipulate this. Your lawyer also has obligations to obtain certain documents in accordance with the CML Lenders Handbook requirements last updated on 1st December 2014. If you are unwilling to provide identification documents, your solicitor would not be able to act for you.
I have been pointed in your direction by two or three local property agents in Chalk Farm to find a solicitor using your seach tool. Is there a financial inducement for Estate Agents to recommend your services ahead of another?
We don’t give any financial incentive for pointing buyers and sellers in our direction. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
Can you offer any advice when it comes to finding a Chalk Farm conveyancing firm to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a Chalk Farm conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of work. We recommend that you talk with several firms including non Chalk Farm conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
What are the costs for lease extension conveyancing? What volume of lease extensions have they conducted in Chalk Farm in the last 12 months?
Following months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Chalk Farm. Can we issue an application to the Residential Property Tribunal Service?
Most certainly. We can put you in touch with a Chalk Farm conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Chalk Farm property is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case related to 1 flat. The number of years remaining on the existing lease(s) was 64.77 years.
My partner and I hope to purchase our 1st home in Chalk Farm. Conveyancing solicitor has been instructed. The financial consultant pointed out that a survey is not appropriate as the house is just 20 yrs old.
At the very least you should have a Home Buyer's Report. Given the premises was built over a decade ago the property will not benefit from a warranty, so you don't want to take a risk. Where a property of this age shows no signs of defects a Home Buyer's report could suffice. They will highlight any obvious problems and suggest further investigation if relevant. Where there are any indications of material issues get a full Building Survey from the beginning.