Just contacted my conveyancing solicitor in Highbury who conducted the legals two years ago asking for a conveyancing estimate based on the same type of home move (a leasehold property and a freehold property) of similar values with a loan from Chelsea Building Society. It looks as though am now being charged twice the amount. Am I right to be tempted to shop around for a cheaper internet conveyancer?
The estimate does seem a tad overpriced. Where you are prepared to spend time contrasting quotes you may be able to shave off some of the expense by as much as a hundred pounds. That being said, if you were happy with the legal work the firm offered you mightcome to rue choosing an a cheaper conveyancer. If is important to check that the firm can also act for Chelsea Building Society. You can employ our search tool to locate a Highbury conveyancing firm on the Chelsea Building Society approved list of lawyers, which can often include conveyancing solicitors in Highbury.
How up to date is your database of Highbury solicitors on the Virgin Money conveyancing panel? Do Virgin Money send you an updated list?
Highbury conveyancing firms themselves provide us confirmation that they are on the Virgin Money conveyancing panel as opposed to being supplied with a list from Virgin Money directly.
My grandmother passed away last year and as sole heir and executor I was left the house in Highbury. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Virgin Money, pay off the mortgage. Is this possible?
Where you plan to refinance then Virgin Money will insist on your using a conveyancer on the Virgin Money conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Virgin Money conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Virgin Money mortgage is registered as a charge at the Land Registry.
The estate agent has sent us the confirmation of our purchase of a new build flat in Highbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Highbury
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I decided to have a survey carried out on a house in Highbury before appointing solicitors. I have been advised that there is a flying freehold element to the property. Our surveyor advised that some lenders may refuse to grant a loan on this type of property.
It depends who your proposed lender is. HSBC has different requirements from Halifax. If you e-mail us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Highbury. Conveyancing will be smoother if you use a solicitor in Highbury especially if they are accustomed to such properties in Highbury.
I’m about to sell my garden flat in Highbury. Conveyancing is yet to be initiated, but I have recently had a yearly service charge demand – what should I do?
The sensible thing to do is pay the service charge as you normally would given that all rents and maintenance invoices should be allotted on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer unless 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.
I inherited a basement flat in Highbury. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for a lease extension?
Most certainly. We are happy to put you in touch with a Highbury conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Highbury property is Lower Flat 16A Beatty Road in September 2012. The premium payable was £13,577. The terms of the lease has been agreed between the Applicants and the First Respondent and the Tribunal did not seek to disturb that agreement. This case related to 1 flat.