Just contacted my conveyancing lawyer in Chinatown who acted for me 18 months ago asking for a conveyancing quote based on the same type of house move (a leasehold property and a freehold premises) of similar values with a loan from Yorkshire Building Society. I am now being charged twice the amount. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The estimate does seem a little steep. If you you were to look around you could shave off some of the cost by say a hundred pounds. On the other hand, providing that you were content with the assistance the firm provided you mightcome to regret opting for an an untested solicitor. Don't forget to be sure that the conveyancer can also act for Yorkshire Building Society. Do make use of our search tool to find a Chinatown conveyancing firm on the Yorkshire Building Society approved list of lawyers, which can often include conveyancing solicitors in Chinatown.
My husband and I are nearing an exchange on a house in Chinatown and my mum and dad have transferred the 10% deposit to my solicitor. I am now told that as the deposit has not come from me my property lawyer needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really necessary for him to raise this?
The conveyancer is duty bound to check with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your bank if you agree, failing which, your lawyer must cease to continue acting.
It is a dozen years since I purchased my house in Chinatown. Conveyancing lawyers have just been instructed on the sale but I am unable to track down my deeds. Will this cause complications?
Don’t worry too much. First the deeds may be retained by the mortgage company or they may stored with the conveyancers who handled your purchase. Secondly the likelihood is that the land will be registered at the land registry and you will be able to prove you own the property by your conveyancing solicitors procuring current official copies of the land registers. Most conveyancing in Chinatown relates to registered property but in the unlikely event that your home is unregistered it is more tricky but is resolvable.
My wife and I own a semi-detached Victorian property in Chinatown. Conveyancing practitioner represented me and Halifax. I did a free Land Registry search last week and I saw two entries: one for freehold, another for leasehold with the exact same property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chinatown and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the situation with your conveyancing practitioner who conducted the purchase.
As co-executor for the estate of my uncle I am disposing of a property in Newport but I am based in Chinatown. My conveyancer (who is 200 kilometers from meneeds me to sign a statutory declaration prior to completion. Could you suggest a conveyancing lawyer in Chinatown to witness this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally or notary public or solicitor will be fine regardless of whether they are located in Chinatown
Looking forward to complete next month on a leasehold property in Chinatown. Conveyancing lawyers assured me that they are sending me a report within the next couple of days. What should I be looking out for?
Your report on title for your leasehold conveyancing in Chinatown should include some of the following:
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Does the lease require carpeting throughout thus preventing wood flooring? You should be sent a copy of the lease Information as to the provision as set out in the lease to pay service charges - in relation to the building, and the more general rights a leaseholder has What options are available to the landlord where you breach a clause of your lease?
I have had difficulty in negotiating a lease extension in Chinatown. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Where there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the sum to be paid.
An example of a Freehold Enfranchisement matter before the tribunal for a Chinatown flat is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case was in relation to 2 flats. The unexpired term as at the valuation date was 73.92 years.