My best friend’s dad is a conveyancer. I anticipate that I can be offered mate’s pricing for conveyancing, but if not, what level of figure would I typically be looking at for conveyancing in Fitzrovia?
You should compare pricing. Make use of our search tool on this page. You will notice that estimates do contrast greatly but service levels do differ between solicitors as is true with the vast majority of professional services.
In what way does my ID and proof of funds have anything to do with my conveyancing in Fitzrovia? What am I being asked for?
You are right in these requests have nothing to do with conveyancing in Fitzrovia. Nowadays you will not be able to complete any conveyancing deal in the absence providing evidence of your identity. This usually takes the form of a either your passport or driving licence plus a bank statement. Please note that if you are providing your driving licence as proof of ID it must be both the paper part and photo card part, one is not sufficient without the other.
Verification of your origin of funds is mandated under Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer must have this information on file. Your Fitzrovia conveyancing solicitor will require evidence of proof of funds before they are able to accept any funds from you into their client account and they should also ask additional questions regarding the source of funds.
It has been 2 months following my purchase conveyancing in Fitzrovia completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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 property 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a quick, chain free conveyancing. Fitzrovia is where the house is located. Is there any advice you can impart?
Flying freeholds in Fitzrovia are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Fitzrovia you would need to get your solicitor to go through the deeds thoroughly. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Fitzrovia 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 property.
I need to retain a conveyancing solicitor for remortgage conveyancing in Fitzrovia. I have chance upon a site which appears to be the ideal solution If it is possible to get all the legals completed via phone that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
What are your top tips when it comes to choosing a Fitzrovia conveyancing practice to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Fitzrovia conveyancing practice) it is essential that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with two or three firms including non Fitzrovia conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions could be useful:
If they are not ALEP accredited then what is the reason? How familiar is the practice with lease extension legislation?
I inherited a ground floor flat in Fitzrovia. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium due for the purchase of the freehold?
Where there is a missing landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the LVT to arrive at the price payable.
An example of a Freehold Enfranchisement matter before the tribunal for a Fitzrovia premises is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case was in relation to 1 flat. The unexpired term as at the valuation date was 73.26 years.