My previous lawyer has quoted £1700 for freehold conveyancing in Golders Green. I’m looking to sell a newly refurbished house for £150,000. This appears over the top. Is it above what I should be paying for conveyancing in Golders Green?
The estimate does seem marginally overpriced. If you are prepared to spend time contrasting fee on a like for like basis you could decrease the fees slightly by as much as a hundred pounds. On the other hand, you maylive to regret opting for an an unknown lawyer. Don't forget to enquire that the solicitor can act for your lender. Do make use of our comparison tool to choose a Golders Green conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Golders Green.
I purchased a freehold property in Golders Green yet pay rent, why is this and what is this?
It is rare for properties in Golders Green and has limited impact for conveyancing in Golders Green but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be dispensed with completely.
My bid for a property was accepted at auction in Golders Green. Conveyancing is necessary. What are my next steps?
Given that you are now to in every practical sense signed on the dotted line you now have to hire the services of a conveyancing solicitor as a matter of priority as you will have a tight a fixed date to complete the conveyancing. All auction property will ordinarily have a bespoke legal set of papers. This will likely include most,if not all of the paperwork that your solicitor requires. Where you are dealing with leasehold premises the conveyancing papers should include a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You need to pass this on to your appointed conveyancing solicitor at the earliest opportunity. You also need to ensure that that you have the requisite funding organised to complete the transaction on the set completion date.
I have been told by my conveyancer that absentee landlord insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Golders Green?
The right level of absentee landlord indemnity insurance should be dictated by who who your lender is. It would differ for example between Accord Mortgages Ltd and The Mortgage Works. Conveyancing lawyers as opposed to borrowers take out such policies.
I can not fathom if my mortgage offer requires a lease extension. I have called my Golders Green bank branch on numerous occasions and was advised it wasn't a problem and they will lend. My Golders Green conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Your conveyancing practitioner has to comply with the CML Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the bank will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the lender to contact your lawyer in writing confirming that they will accept the number of years remaining.
Various online forums that I have visited warn that are a common cause of obstruction in Golders Green house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) released findings of a review by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances in the conveyancing process. Local searches are not likely to feature in any slowing down conveyancing in Golders Green.
In my capacity as executor for the will of my father I am disposing of a property in Swansea but I am based in Golders Green. My conveyancer (approximately 260 kilometers from merequires that I sign a stat dec before the transaction finalising. Could you suggest a conveyancing solicitor in Golders Green to witness and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are Golders Green based
Our conveyancer has advised that he intends to complete and exchange simultaneously on the disposal of our £350,000 maisonette in Golders Green in just under a week. The landlords agents has quoted £348 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Golders Green?
Golders Green conveyancing on leasehold flats normally necessitates the buyer’s lawyer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to answer these enquiries the majority will be content to do so. They may levy a reasonable charge for responding to questions or supplying documentation. There is no set fee. The average fee for the information that you are referring to is over three hundred pounds, in some cases it exceeds £800. The administration charge levied by the landlord must be accompanied by a synopsis of rights and obligations in respect of administration charges, without which the charge is not strictly payable. In reality one has little option but to pay whatever is demanded should you wish to exchange contracts with the buyer.
Having spent years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Golders Green. Can we issue an application to the Residential Property Tribunal Service?
Where there is a absentee freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to make a decision on the sum to be paid.
An example of a Lease Extension decision for a Golders Green premises is Flat A 372 Cricklewood Lane in January 2013. The Tribunal decided that the premium for the extended lease should be £5,750.00 and that the terms of the new lease should be those set out in annex to the decsion This case affected 1 flat.