I was recommended to a conveyancer who has given a fee estimate just over a thousand pound for leasehold conveyancing in Pimlico. I am selling a Victorian house for £250,000. This seems expensive. Is it above what I should be paying for conveyancing in Pimlico?
The charges are a bit high. Where you are happy to spend time contrasting quotes you could shave off some of the cost by as much as a hundred pounds. On the other hand, you couldcome to rue choosing an a cheaper conveyancer. Remember to check the solicitor can also act for your bank. Do employ our search tool to find a Pimlico conveyancing practice on the banks conveyancing panel which can often include conveyancing solicitors in Pimlico.
I am purchasing a house for cash in Pimlico. I have been living for the last 15 years in Pimlico. Conveyancing searches are expensive. As I have knowledge of the area and road very well must I have all the conveyancing searches?
Provided that you do not need a home loan, then almost all of the Pimlico conveyancing searches are at your discretion. Your lawyer will try and sway you, no-doubt strongly, that you should have searches carried out, but he has a professional duty to take that path of guidance. Do consider; if you are going to dispose of the house in the future, it will likely be be of relevance to your prospective buyer what the searches determine. Sometimes properties with no practical issues can still throw up detrimental search results. A good conveyancing solicitor in Pimlico should provide you some sensible advice concerning this.
As someone with no idea as to conveyancing in Pimlico what is your top tip you can give me concerning the legal transfer of property in Pimlico
You may not hear this from too many lawyers but conveyancing in Pimlico or throughout London is an adversarial experience. In other words, when it comes to conveyancing there exists lots of opportunity for friction between you and other parties involved in the legal transfer of property. For example, the vendor, selling agent and sometimes your mortgage company. Choosing a law firm for your conveyancing in Pimlico is a critical decision as your conveyancer is your adviser, and is the SOLE party in the transaction whose interest is to look after your best interests and to keep you safe.
There is a distinct increase of a "blame" culture- someone must be at fault for the process taking so long. We recommend that you must always trust your conveyancer above all other players in the conveyancing process.
Will commercial conveyancing searches reveal planned roadworks that may affect a commercial property in Pimlico?
Its becoming the norm that commercial conveyancing solicitors in Pimlico will order a SiteSolutions Highways report as it dramatically cuts the time that conveyancers expend in investigating accurate data on highways that impact buildings and development assets in Pimlico. The report sets out definitive information on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Pimlico.
For each commercial conveyancing transaction in Pimlico it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Pimlico commercial conveyancing transactions as well as present a risk to future intentions for the site. These searches are not conducted for residential conveyancing in Pimlico.
About to purchase a new build apartment in Pimlico. Conveyancing is daunting 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 conveyancing.
Here are examples of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Pimlico
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Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. There must be mutual enforceability of lessee’s covenants.
What advice can you give us when it comes to finding a Pimlico conveyancing firm to deal with our lease extension?
When appointing a conveyancer for your lease extension (regardless if they are a Pimlico conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of work. We recommend that you make enquires with several firms including non Pimlico conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:
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If the firm is not ALEP accredited then what is the reason?
I am the registered owner of a first floor flat in Pimlico. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the premium payable for a lease extension?
Where there is a absentee freeholder or where there is disagreement about what the lease extension should cost, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to decide the premium.
An example of a Lease Extension matter before the tribunal for a Pimlico 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 affected 2 flats. The remaining number of years on the lease was 56 years.