My previous solicitor has quoted £1350 for no sale no fee conveyancing in Dalston. I’m hoping to downsize from a newly refurbished house for £175,000. Is this over the top? Is it in excess of what I should be paying for conveyancing in Dalston?
The estimate does seem a tad steep. If you shop around you could shave off some of the expense by perhaps £100 plus VAT. That being said, you couldlive to regret choosing an an untested solicitor. If is important to ensure the conveyancer can also act for your lender. Do employ our search tool to select a Dalston conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Dalston.
My partner and I are purchasing a new build apartment in Dalston and my conveyancer is informing me that she is duty bound to the bank to disclose incentives from the seller. I am on a tight deadline to sign contracts and I have no desire to prolong matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your property lawyer. A precondition to being on a bank panel is to comply with the UK Finance Lenders’ Handbook provisions. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
I used Action Conveyancing several years past for my conveyancing in Dalston. I now require my file however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Dalston of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I've recently found out that there is a flying freehold element on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Dalston is where the house is located. Can you offer any opinion?
Flying freeholds in Dalston are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Dalston you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Dalston may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
How do I identify a Dalston solicitor on the TSB conveyancing panel? I am a keen cyclist and am prepared to travel upto 20miles to meet the conveyancer.
You can use the facility on this page. Please choose the bank and your location and you will see a number of Dalston conveyancing lawyers located nearest you. We have listed some Dalston conveyancing firms towards the end of this page and you can ring them to see whether they are on the TSB approved list
I am attracted to a two maisonettes in Dalston both have in the region of fifty years remaining on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Dalston is a wasting asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the premises. For most purchasers and lenders, leases with under 75 years become less and less marketable. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Dalston conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
After years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Dalston. Can we issue an application to the Residential Property Tribunal Service?
Most definitely. We can put you in touch with a Dalston conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Dalston premises is 150 Amhurst Road in December 2013. The tribunal concluded that the premium to be paid by the applicant for the enfranchisement of the subject property was £43,500. This case related to 4 flats. The unexpired residue of the current lease was 90 (or thereabouts).
