I require expedited conveyancing in Moorgate as I have a deadline to complete within 4 weeks. A home loan is not required. Is it possible to escape the need for conveyancing searches to save money and time?
As you are are a mortgage free purchaser you are at liberty not to have searches conducted although no lawyer would suggest that you don't. Drawing on years of experience of conveyancing in Moorgate the following are instances of issues that can arise and therefore affect future mortgageability: Refused Planning Applications, Overdue Fees, Outstanding Grants, Unadopted Roads,...
I have recentlybecome aware that Action Conveyancing have closed. They carried out my conveyancing in Moorgate for a purchase of a leasehold apartment 18 months ago. How can I be sure that the property is registered correctly in the name of the previous owner?
The quickest way to see if the premises is in your name, you can carry out a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Moorgate conveyancing specialists.
How does conveyancing in Moorgate differ for newly converted properties?
Most buyers of new build premises in Moorgate come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is finished. This is because new home sellers in Moorgate usually acquire the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Moorgate or who has acted in the same development.
I have been recommended by two or three local selling agents in Moorgate to get a quote from a property lawyer on your site. Is there a financial upside for Estate Agents to recommend your services over and above alternative conveyancing organisations?
We refuse to offer any referral fee for directing people our way. We found it would be just too difficult to pay a commission as a client could think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.
Should I instruct a Moorgate conveyancing lawyer in close proximity to the house I am hoping to buy? We have a good friend who can carry out the legal formalities however they are based 300kilometers away.
The benefit of a high street Moorgate conveyancing firm is that you can visit the firm to execute paperwork, present your ID and apply pressure on them where appropriate. Having local Moorgate know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and on the whole were impressed that should outweigh using an unknown Moorgate conveyancing lawyer solely due to them being Moorgate based.
Back In 2001, I bought a leasehold flat in Moorgate. Conveyancing and TSB mortgage organised. A letter has just been received from someone claiming to own the freehold. It included a demand for arrears of ground rent dating back to 1991. The conveyancing solicitor in Moorgate who previously acted has now retired. Any advice?
The first thing you should do is make enquiries of the Land Registry to be sure that this person is indeed the registered owner of the freehold reversion. There is no need to incur the fees of a Moorgate conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I have tried to negotiate informally with with my landlord for a lease extension without getting anywhere. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Moorgate conveyancing firm to assist?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to decide the price.
An example of a Lease Extension matter before the tribunal for a Moorgate residence is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case affected 2 flats. The remaining number of years on the lease was 72.39 years.