I was referred a lawyer who has sent a quote for £1150 for leasehold conveyancing in Hither Green. I am selling a newly refurbished property for £225,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Hither Green?
The charges are a little high. If you shop around you could shave off some of the cost by say £100 plus VAT. That being said, you couldcome to rue choosing an an unknown lawyer. If is important to enquire that the firm can represent your mortgage company. Do utilise our search tool to locate a Hither Green conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Hither Green.
We note that you have a post code search directory identifying law firms on the TSB conveyancing panel. Do firms pay you a commission if I retain them for our conveyancing in Hither Green?
We are a listing service only for law firms wishing to communicate if they are on the TSB conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Hither Green.
What is the difference between a licensed conveyancer and conveyancing solicitor in Hither Green
Two types of professional can conduct conveyancing in Hither Green namely licenced conveyancers or solicitors. The two can provide the legal services that required to complete the sale or acquisition of property. Both are required to carry out Hither Green conveyancing to the same quality and guidelines so you can be safe in the knowledge that your conveyancing will be professionally conducted and that all requirements and procedures should be correctly adhered to.
I have today made my last payment due on my mortgage with Leeds Building Society. I assume I don't need a Hither Green conveyancing practitioner on the Leeds Building Society panel to remove the mortgage at the Land Registry. Am I right?
If you have finished paying off your Leeds Building Society mortgage, they may send you evidence showing that you have paid it off. Alternatively they may notify the Land Registry directly. The Land Registry need to see this evidence before they will remove the Leeds Building Society mortgage from the register. Leeds Building Society, and any evidence they send you, will determine the action you need to take. In cases where no conveyancer is acting for you and you have paid off your mortgage:
- but are not moving to another property
- where Leeds Building Society has sent the Land Registry the discharge electronically, and
- Leeds Building Society has instructed the Land Registry to do so
I currently have a mortgage with Principality for my property in Hither Green. Conveyancing has been completed some time ago. If I am intending to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform Principality?
You must advise Principality before renting your property as this is likely to be a breach of Principality’s mortgage conditions. In many cases banks or building societies will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Principality directly. It should not be necessary to do this via a Principality conveyancing panel firm.
Me and my brother purchased a terraced Georgian property in Hither Green. Conveyancing lawyer acted for me and Platform Home Loans Ltd. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold under the matching property. Is it worth asking Platform Home Loans Ltd to clarify?
You should read the Freehold register you have again and check the Charges Register as there may be 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 Hither Green and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also question the position with the conveyancing lawyer who completed the work.
We're new to the buying process - had an offer accepted, yet the estate agent advised that the vendor will only move forward if we instruct their chosen solicitors as they need an ‘expedited deal’. We would rather use a high street solicitor accustomed to conveyancing in Hither Green
We suspect that the seller is not behind this requirement. Should the owner require ‘a quick sale', taking such a hostile approach to a genuine purchaser is is going to put the whole deal at risk. Speak to the vendors direct and make the point that (a)you are motivated purchasers (b)you are ready to go, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)but you intend to use your own,trusted Hither Green conveyancing solicitors - not the ones that will provide the estate agent a commission or achieve conveyancing targets set by HQ.
I today plan to offer on a house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have since discovered that the title is leasehold rather than freehold. I am assuming that there are particular concerns buying a house with a leasehold title in Hither Green. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the risks of buying a leasehold house in Hither Green ?
Most houses in Hither Green are freehold and not leasehold. This is one of the situations where having a local conveyancer who is familiar with the area who can assist with the conveyancing process. It is clear that you are buying in Hither Green in which case you should be looking for a Hither Green conveyancing solicitor and check that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. Being a tenant you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example obtaining the landlord’spermission to conduct alterations. It may be necessary to pay a contribution towards the upkeep of the communal areas where the property is located on an estate. Your lawyer will advise you fully on all the issues.
I am the leaseholder of a second floor flat in Hither Green. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum payable for the purchase of the freehold?
Most certainly. We can put you in touch with a Hither Green conveyancing firm who can help.
An example of a Freehold Enfranchisement matter before the tribunal for a Hither Green property is 18 Handen Road in April 2013. On 26 October 2012 District Judge Zimmels sitting at the Lambeth County Court made a Vesting Order that the Applicants be granted the right to acquire the freehold upon such terms and at such price determined by the LVT. The Tribunal arrived a figure of £39,535 as a valuation for the enfranchisement. This case affected 3 flats. The number of years remaining on the existing lease(s) was 69.05 years.