What is the optimal way of finding a reasonably priced conveyancing in Park Royal?
First ask connections who they would recommend.
Second, search the web for conveyancing in Park Royal. Call two or three listed and ask them to forward you their conveyancing fees and speak to the lawyer who will handle your legal process prior tocommitting.
Third is to make use of our search tool to help you find the right lawyers taking into account your unique factors including location,deadlines, complexity and who your intended mortgage company is. Don't take the bait of low cost conveyancing in Park Royal
Our lawyer has identified a a problem with the lease for the flat we are buying in Park Royal. The seller’s lawyers have put forward title insurance as a solution. We are happy with insurance and will pay for it. Our property lawyer says that he must check that the lender is content with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the lender are the client. Your lawyer must comply with the UK Finance Lenders’ Handbook requirements. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the bank can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancing practitioner will have no choice but to discontinue acting for you.
We are downsizing from our house in Park Royal and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers are using an online conveyancing firm as opposed to a conveyancing solicitor in Park Royal. Having lived in Park Royal for 5 years we know that this is a non issue. Do we contact our local Authority to get confirmation need.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Park Royal. 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 legal work.
Here are examples of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Park Royal
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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 confirm the Lease plans are surveyor prepared. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Forfeiture - bankruptcy or liquidation must not apply under this provision.
I opted to have a survey completed on a property in Park Royal before appointing conveyancers. I have been advised that there is a flying freehold element to the property. My surveyor has said that some banks will refuse to give a loan on such a premises.
It varies from the lender to lender. HSBC has different requirements from Nationwide. Should you wish to call us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Park Royal. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Park Royal to see if the conveyancing will be more expensive.
I'm remortgaging my existing property to a BTL mortgage with TSB and intend to use the remaining equity as a deposit on another property. The location we are looking at is Park Royal. Will your conveyancers be able to act for both sets of mortgage companies and tie in the two deals?
Make use of our search tool on this site to be sure that the solicitors are approved by both lenders. On the basis that they are the solicitor will be able to connect the two deals but you should talk with you solicitor and make clear your expectations and needs.