AssumingI was to purchase a freehold propertyin Highbury for cash and have no survey and no conveyancing searches how much should I expect to have to pay for conveyancing in Highbury?
The only saving you would achieve is the Highbury conveyancing searches. Your property lawyer still be obliged to do everything else - money laundering, liaising with your sellers solicitor, SDLT submission, register the title etc. You might save a bit for them not having to register a charge however it won't be a lot.
My lawyer in Highbury is not on the Bank of Ireland Approved Panel. Can I still retain my prefered solicitor even though they are excluded from the Bank of Ireland list of approved lawyers?
The limited options open to you here include:
- Complete the purchase with your existing Highbury lawyers but Bank of Ireland will need to instruct a solicitor on their panel. This will result in additional overall conveyancing fees and cause delays.
- Choose an alternative solicitor to to deal with the purchase, not forgetting to check they are Convince your lawyer to do everything within their powers to join the Bank of Ireland conveyancing panel
I got the keys to my house on 3 June and my personal details is yet to be on the land registry website. Need I be worried? My conveyancing solicitor in Highbury expressed confidence that it would be concluded in a couple of weeks. Are properties in Highbury particularly slow to register?
As far as conveyancing in Highbury registration is no quicker or slower than the rest of England and Wales. Rather than based on location, timescales can differ according to who lodges the application, whether there are errors and if the Land registry communicate with any interested parties. Currently approximately 80% of submission are fully addressed in less than three weeks but some can be subject to extensive delays. Registration takes place after the purchaser is living at the property so post completion formalities is not usually primary concern yet where it is urgent that the the registration takes place urgently then you or your solicitor must communicate with the Registry to express the reasoning for the application to be prioritised.
Given that I will soon spend 450k on a house in Highbury I wish to have a conversation with the lawyer about myhouse move ahead of appointing the firm. Is this something that you can arrange?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer due to be doing your conveyancing in Highbury.There is no ‘factory style conveyancing’ - each client is unique person, not a matter reference. The solicitors that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Highbury should be the amount on the final invoice that you are charged.
I am the registered owner of a first floor flat in Highbury. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the amount due for a lease extension?
Most definitely. We are happy to put you in touch with a Highbury conveyancing firm who can help.
An example of a Lease Extension decision for a Highbury flat 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.
Are there common problems that you come across in leases for Highbury properties?
There is nothing unique about leasehold conveyancing in Highbury. All leases are individual and drafting errors can result in certain clauses are erroneous. The following missing provisions could result in a defective lease:
You may have difficulties when selling your property if you have a defective lease as they can affect a potential buyer’s ability to obtain a mortgage. Santander, The Mortgage Works, and Godiva Mortgages Ltd all have express conveyancing instructions when it comes to what is expected in a lease. If a mortgage lender believes that the lease does not cover certain provisions they may refuse to provide security, obliging the purchaser to withdraw.
Is there an average conveyancing fee for conveyancing in Highbury?
The average fee last year for conveyancing in Highbury was £1,395 excluding Land Tax and HM Land Registry charges.