Is there a reason why leasehold purchase conveyancing in East Twickenham is more expensive?
East Twickenham leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I happen to be the single beneficiary of my late father’s estate with all property in now in my sole name, including the my former home in East Twickenham. Conveyancing formalities meant that the Land Registry date was in September. I plan to dispose of the property. I do know about the Mortgage Lenders six month 'rule', meaning my property ownership will be treated the same way as though I had purchased the property in September. Do I have to wait half a year to sell?
The Council of Mortgage Lenders’ handbook instructs solicitors to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." Technically you may be impacted by that. Most lenders would take a sensible view as this obligation chiefly exists to capture subsales or the quick reselling of properties.
When it comes to lenders such as Nationwide, do East Twickenham solicitors have to pay a fee to be on the conveyancing panel?
We are not aware of any bank fees to be on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel submission.
I am expecting a AIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any East Twickenham solicitors on the Bank of Ireland conveyancing panel, or is it better to find our own lawyer?
You will need to appoint East Twickenham solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
4 months have gone by following my purchase conveyancing in East Twickenham completed. I have checked the Land Registry site which shows that I paid £150,000 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 premises 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.
I am looking for a flat up to £305k and found one round the corner in East Twickenham I like with open areas and transport links in the vicinity, the downside is that it's only got 61 remaining years left on the lease. I can't really find anything else in East Twickenham for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan that many years may be problematic. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for at least twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
I am a sole trader intending to take over a lease of an office on the high street. Can you recommend lawyers offering no-move-no fees for non-domestic conveyancing in East Twickenham for less than £2000?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in East Twickenham, including the sale and purchase of businesses as well as simply property. Whether you are looking to acquire or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. Regarding the costs these will vary based on the structure and nuances of the proposed transaction. Let us have your contact information or email us so that we may furnish you with comprehensive commercial conveyancing calculation.
Do online conveyancing companies undertake everything a local East Twickenham solicitor does or must I employ a solicitor for the final stages for my conveyancing in East Twickenham?
If you use an online conveyancer they will cover all the work your East Twickenham conveyancer would cover.