Would the conveyancing solicitors indexed on your site handle right to buy conveyancing in Mayfair?
We work with a variety of conveyancing practitioners carrying out right to buy conveyancing work You should get in touch with the solicitors listed to secure a costs calculation.
My father pointed out to me me that in purchasing a property in Mayfair there could be various restrictions preventing external alterations to a property. Is this right?
We are aware of anumerous of properties in Mayfair which have some sort of restriction or requirement of consent to execute external changes. Part of the conveyancing in Mayfair should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
It is unclear whether my bank requires a lease extension. I have called into my local Mayfair bank branch on various occasions and was told it wasn't an issue and they would lend. My Mayfair conveyancing solicitor - who is on the bank conveyancing panel- telephoned to say that they refuse to lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. I simply don't know who is right.
Your property lawyer has to follow the CML Handbook section two specifications for your lender. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
I recently had an offer accepted on an apartment in Mayfair. My mortgage broker recommended their conveyancers. I paid an advanced payment of £200. A couple of days later, the conveyancing practitioner contacted me embarrassingly acknowledging that they were not on the UBS conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the UBS panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
Will my conveyancer be raising questions concerning flooding during the conveyancing in Mayfair.
The risk of flooding is if increasing concern for solicitors carrying out conveyancing in Mayfair. Plenty of people will acquire a house in Mayfair, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a property is at risk of flooding, it may be difficult to obtain a mortgage, suitable insurance cover, or dispose of the property. There are steps that can be taken during the course of a property purchase to forewarn the purchaser.
Solicitors are not best placed to offer advice on flood risk, however there are a number of checks that may be undertaken by the buyer or on a buyer’s behalf which should give them a better appreciation of the risks in Mayfair. The standard information given to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the vendor to discover if the property has ever been flooded. In the event that the property has been flooded in past which is not notified by the owner, then a buyer could bring a claim for damages as a result of such an misleading answer. A purchaser’s conveyancers may also order an environmental search. This will disclose whether there is a recorded flood risk. If so, further investigations should be carried out.
It has been three months following my purchase conveyancing in Mayfair completed. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey completed on a house in Mayfair prior to instructing conveyancers. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some mortgage companies tend not give a loan on such a property.
It varies from the lender to lender. Lloyds has different requirements from Halifax. Should you wish to telephone us we can check via the relevant lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Mayfair. Conveyancing may be slightly more expensive based on your lender's requirements.
I pay a service charge for my ground floor flat in Mayfair. As a result of personal circumstances I slipped into arrears with remittance. The managing agents agreed a settlement schedule but there is still in the region of £3000 due to be paid.
I am under pressure to dispose of the property and I am panicking this could threaten to derail the sale if I have to settle the arrears in advance. Do I have to settle before - is this achievable?
The solicitor undertaking your Mayfair sale will hopefully be able to negotiate with the management company, with a new to seeing if they would accept settlement out of the completion monies. This is an example of why it is sensible to select a property lawyer in Mayfair as they are likely to have an established relationship with the management company.