In the event thatI was to purchase a straightforward propertyin High Holborn for cash and have no survey and no conveyancing searches how much could I expect to have to pay for conveyancing in High Holborn?
Any savings you would make would be isolated to the High Holborn conveyancing searches. A property lawyer still got to do everything else - money laundering, correspond with the vendors lawyer, stamp duty return, register the title etc. You might save a bit for them not needing to register a charge however it won't be significant.
My property lawyer in High Holborn is not on the Accord Mortgages Ltd Conveyancing Panel. Is it possible for me to retain my prefered solicitor even though they are not on the Accord Mortgages Ltd panel?
The limited options open to you here include:
- Carry on with your preferred High Holborn lawyers but Accord Mortgages Ltd will need to retain a conveyancer on their panel. This will result in additional overall conveyancing charges and cause delays.
- Choose an alternative lawyer to act in the conveyancing, obviously checking they are Persuade your lawyer to use their best endeavours to join the Accord Mortgages Ltd conveyancing panel
I am purchasing a property and the solicitor has referenced Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. He has recommended insurance. Is this really necessary for conveyancing in High Holborn
Unless a previous acquisition of the premises took place post 12 October 2013 you could expect solicitors conducting conveyancing in High Holborn to remain encouraging a chancel search and or chancel repair liability policy.
How does conveyancing in High Holborn differ for newly converted properties?
Most buyers of new build property in High Holborn approach us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is ready to move into. This is because developers in High Holborn tend to acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in High Holborn or who has acted in the same development.
I have just appointed agents to market my garden apartment in High Holborn. Conveyancing lawyers have not yet been instructed, however I have recently had a yearly maintenance charge demand – Do I pay up?
The sensible thing to do is pay the maintenance contribution as usual because all rents and maintenance invoices will be apportioned on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies 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. Having a clear account will assist your cause and will leave you no worse off financially.
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in High Holborn. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a absentee landlord or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to determine the premium.
An example of a Lease Extension matter before the tribunal for a High Holborn property is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case related to 1 flat. The number of years remaining on the existing lease(s) was 66.8 years.
Are High Holborn conveyancing solicitors duty bound by the Law Society to issue clear conveyancing figures?
Inbuilt into the Solicitors Code of Conduct are set rules and regulations as to how the Solicitors Regulation Authority (SRA) allow solicitors to publicise their fees to clients.The Law Society have practice note giving advice on how to publicise transparent charges to avoid breaching any such rule. Practice notes are not legal advice issued by the Law Society and is not to be regarded as the only standard of good practice a conveyancing solicitor should adhere to. The Practice Note does, however, constitute the Law Society’s view of acceptable practice for publicising conveyancing charges, and accordingly it’s a recommended read for any solicitor or conveyancer in High Holborn or further afield.