I am acquiring a house without a mortgage in Limehouse. I have resided for the last 15 years in Limehouse. Conveyancing searches are exorbitant. Given that I know the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a mortgage, then the vast majority of the Limehouse conveyancing searches are optional. Your lawyer will ’encourage you, no-doubt strongly, that you should have searches done, but he is duty bound to do this. One thing to consider; if you are likely to dispose of the house at a future date, it will likely be be of relevance to your future purchaser what the searches determine. On occasion premises with day to day issues can still show up unpredicted search results. A good conveyancing solicitor in Limehouse should be able to give you some constructive guidance concerning this.
I own a freehold premises in Limehouse yet pay rent, why is this and what is this?
It’s unusual for properties in Limehouse and has limited impact for conveyancing in Limehouse but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I used Arc property Solicitors several years past for my conveyancing in Limehouse. I now require my file however cannot find the solicitor. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Limehouse of the conveyancing firm of solicitors you previously hired, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I decided to have a survey done on a house in Limehouse in advance of retaining solicitors. I have been told that there is a flying freehold element to the house. My surveyor advised that some lenders may refuse to issue a mortgage on a flying freehold premises.
It depends who your proposed lender is. Lloyds has different instructions from Birmingham Midshires. Should you wish to call us we can check with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Limehouse. Conveyancing will be smoother if you use a solicitor in Limehouse especially if they regularly deal with such properties in Limehouse.
Is there anything unique about your site and other internet conveyancing brokers for conveyancing in Limehouse?
At this site obtain a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues of your conveyancing in Limehouse. Unlike many estate agents and brokerage sites we do not charge firms a commission if you appoint them for your conveyancing in Limehouse
My husband and I are new to the buying process - had an offer accepted, yet the property agent informed us that the vendor will only go ahead if we use the agent's preferred solicitors as they need a ‘quick sale’. We would rather use a family solicitor who is accustomed to conveyancing in Limehouse
It is improbable the vendors are driving this. Should the owner require ‘a quick sale', taking such a hostile approach to a genuine purchaser is not the way to achieve this. Speak to the owners direct and explain that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are unencumbered (d) you intend to proceed fast (e)but you are going to use your own,trusted Limehouse conveyancing firm - not the ones that will provide their estate agent a introducer fee or meet his conveyancing figures pre-set by head office.