My best friend’s step-father is a solicitor. I suspect that I can be offered preferential rates for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Millbank?
It’s a good idea to request 3 or more like-for-like conveyancing estimates. Make use of our comparison tool on this page. The prices may contrast greatly but service levels do are distinct between law firms as is the case with most professions.
Should my lawyer be raising enquiries regarding flooding as part of the conveyancing in Millbank.
The risk of flooding is if increasing concern for solicitors conducting conveyancing in Millbank. There are those who acquire a property in Millbank, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, where a property is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or dispose of the premises. Steps can be carried out during the course of a house purchase to forewarn the purchaser.
Solicitors are not qualified to offer advice on flood risk, however there are a various checks that can be undertaken by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in Millbank. The standard completed inquiry forms supplied to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual question of the seller to determine if the premises has suffered from flooding. In the event that the property has been flooded in past which is not revealed by the vendor, then a buyer could issue a compensation claim as a result of such an inaccurate reply. The buyer’s conveyancers may also carry out an environmental report. This will reveal whether there is any known flood risk. If so, more detailed inquiries will need to be initiated.
I am looking for a flat up to £195,000 and found one round the corner in Millbank I like with open areas and station nearby, however it's only got 52 years unexpired on the lease. There is not much else in Millbank suitable, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Reduce the offer by the amount the lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I am looking to sell my home. My former conveyancers has retired. I am in need of a recommendation of a conveyancing firm. I happen to live in Millbank if that makes a difference.
Do use our search tool to help you choose a solicitor for your conveyancing in Millbank. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
We're novice buyers - agreed a price, yet the agent advised that the vendor will only issue a contract if we use their chosen solicitors as they are insisting on a ‘quick sale’. We would rather use a local conveyancer who is familiar with conveyancing in Millbank
We suspect that the owner is not behind this ultimatum. If they want ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Bypass the agents and go straight to the owners and explain that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you wish to move quickly (e)however you intend to use your own,trusted Millbank conveyancing lawyers - not the ones that will earn their estate agent a referral fee or meet his conveyancing figures set by corporate headquarters.
Last November I purchased a leasehold flat in Millbank. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I inherited a a ground floor purpose built flat in Millbank. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the sum due for the purchase of the freehold?
if there is a missing landlord or where there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the First-tier Tribunal (Property Chamber) to decide the price payable.
An example of a Lease Extension decision for a Millbank residence is Flats 12A & 19, Evelyn Mansions Carlisle Place in June 2009. The Tribunal held that the price to be paid for the new lease of Flat 12A is £168,824, For the other flat the price was set at £169,110 This case related to 2 flats. The unexpired residue of the current lease was 56 years.