I was recommended to a solicitor who has given a fee estimate £1400 for no completion no fee conveyancing in Hampstead Garden Suburb. I am hoping to sell a purpose built house for £125,000. Is this expensive? Is it above the norm for conveyancing in Hampstead Garden Suburb?
The estimate does seem marginally overpriced. If you shop around you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, you couldcome to regret opting for an a cheaper lawyer. Don't forget to check that the solicitor can act for your mortgage company. You can employ our search tool to select a Hampstead Garden Suburb conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Hampstead Garden Suburb.
Would the conveyancing solicitors identified through your search tool execute auction conveyancing in Hampstead Garden Suburb?
We know of a few niche solicitors we can put you in touch with those specialising in auction conveyancing. Hampstead Garden Suburb is one of hundreds of areas of where our lawyers have a presence.
We are purchasing a property in Hampstead Garden Suburb. It might be a silly question but how we can trust a solicitor? On the day of competition we will need to deposit our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I have been told by my lawyer that chancel insurance is needed on my purchase. What is the level of cover for Hampstead Garden Suburb conveyancing?
The right level of chancel indemnity insurance depends on your lender. It would differ for example between National Westminster Bank and Barnsley Building Society. Conveyancing practitioners as opposed to members of the public take out such insurances.
I am currently in the process of buying my council flat in Hampstead Garden Suburb. I have a mortgage agreed with Barclays. Conveyancing is new to me. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Barclays, you will need to appoint a solicitor on the Barclays conveyancing panel.
My wife and I purchased a renovated Edwardian house in Hampstead Garden Suburb. Conveyancing practitioner acted for me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold with the matching address. Is it worth asking Norwich and Peterborough Building Society to clarify?
You should review 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 Hampstead Garden Suburb and other locations in 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 mortgage companies. You can also check the position with the conveyancing lawyer who conducted the purchase.
I'm buying a new build house in Hampstead Garden Suburb with a loan from Barclays . The sellers refused to budge the amount so I negotiated 6k of additionals instead. The property agent suggested that I not inform my conveyancer about the extras as it could affect my mortgage with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have just started marketing my garden flat in Hampstead Garden Suburb. Conveyancing solicitors are to be appointed soon, however I have recently received a half-yearly service charge invoice – should I leave it to the buyer to sort out?
It best that you pay the service charge as usual given that all rents and maintenance payments will be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Hampstead Garden Suburb. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or where 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 calculate the premium.
An example of a Lease Extension decision for a Hampstead Garden Suburb residence is FFF, 37 and Garage 1, Queensborough Court North Circular Road in September 2012. The Tribunal determined that the premium for the lease extension should be £67,037 This case related to 1 flat. The unexpired residue of the current lease was 23.66 years.