In the event thatI was to acquire a freehold homein Mayfair for cash and dispense with a survey and no local authority searches how much should I expect to to save on my conveyancing in Mayfair?
The sole reduction in fees you would achieve is the Mayfair conveyancing searches. The solicitor is obliged to do the vast majority of work - money laundering, correspond with your sellers property lawyer, SDLT return, register the ownership etc. A slight saving might be made by not needing to register a mortgage however it will not be a lot.
I purchased a freehold premises in Mayfair but still charged rent, why is this and what is this?
It is rare for properties in Mayfair and has limited impact for conveyancing in Mayfair 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 creation of fresh 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 in 2037 will be dispensed with completely.
It has been 2 months following my purchase conveyancing in Mayfair concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 residence 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 am looking for a leasehold apartment up to £235,500 and found one near me in Mayfair I like with a park and station in the vicinity, however it's only got 51 years unexpired on the lease. There is not much else in Mayfair in this price bracket, so just wondered if I would be making a mistake buying a short lease?
If you require a home loan the remaining unexpired lease term will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor concerning this.
In my capacity as executor for the will of my grandfather I am selling a property in Monmouth but I am based in Mayfair. My conveyancer (who is 300 miles awayrequires that I sign a stat dec before the transaction finalising. Can you recommend a conveyancing practitioner in Mayfair to witness this legal document for me?
Technically speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are Mayfair based
Your search tool is useful but there are many lawyers listed near Mayfair being on the lender conveyancing panel. Can you recommend a specific firm on the mortgage company approved panel?
We are not in the business of recommending one firm above another as the right Mayfair conveyancing solicitor for you depends on where your priorities lie. For example you may require a local firm with Mayfair knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..