Recently been in touch with my conveyancing lawyer in Mayfair who conducted the legals two years ago requesting a conveyancing estimate based on the same type of house move (a leasehold residence and a freehold property) of almost identical values with a loan from National Westminster Bank. It looks as though am now being charged twice the amount. Am I right to be tempted to shop around for a cheaper online conveyancer?
The estimate does seem a tad steep. If you you were to look around you may be able to shave off some of the cost by perhaps a hundred pounds. On the other hand, providing that you were satisfied with the conveyancing the firm provided you maycome to rue opting for an an untested solicitor. If is important to ensure the firm can also act for National Westminster Bank. You can use our search tool to find a Mayfair conveyancing firm on the National Westminster Bank member panel, which can often include conveyancing solicitors in Mayfair.
Can you explain why leasehold purchase conveyancing in Mayfair is more expensive?
In short, leasehold conveyancing in Mayfair and London usually requires extra due diligence compared to freehold transactions. This includes analysing the lease terms, communicating with the landlord about the service of applicable notices, procuring current service charge and management information, obtaining the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – no matter how many different owners have owned the lease since it was first granted.
Despite weeks of looking the Title Certificate and documents to our property can not be found. The solicitors who dealt with the conveyancing in Mayfair 5 years ago are no longer around. What do I do?
You no longer need to have the physical deeds to evidence that you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I am buying a new build apartment in Mayfair. 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 conveyancing.
Set out below are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Mayfair
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Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants.
I am a sole trader looking to take over a lease of a shop on a shopping parade. Can you recommend lawyers offering no-move-no costs for non-domestic conveyancing in Mayfair for less than £1,200?
We can recommend firms who have well rounded knowledge of commercial conveyancing in Mayfair, including the sale and acquisition of businesses as well as simply premises. Whether you are looking to purchase or sell a shop, pub, restaurant, office, retail unit or a whole business we will put you in touch with the right solicitor. Regarding the charges this will depend on the structure and complexity of the deal. Please provide us with your details or email so as to enable us to supply you with a fixed commercial conveyancing calculation.
My wife and I today become aware that one of the directors of the solicitors handling the purchase conveyancing in Mayfair is an aunty of the seller. Is this acceptable?
As long as no conflict arises this is permitted. If you are obtaining a home loan then the mortgage company may have a say as many banks have specific instructions on this. For example for HSBC as of 11/5/2022, the requirements read as follows :