The solicitor who assisted with my former purchase has given a fee calculation of £1400 for no sale no fee conveyancing in Primrose Hill. I’m looking to sell a Georgian property for £225,000. Is this overpriced? Is it in excess of the norm for conveyancing in Primrose Hill?
The estimate does seem marginally overpriced. If you shop around you could decrease the fees slightly by as much as £125. That being said, you couldcome to rue opting for an an untested conveyancer. Don't forget to enquire the solicitor can act for your lender. You can make use of our comparison tool to choose a Primrose Hill conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Primrose Hill.
What does my ID and proof of funds have anything to do with my conveyancing in Primrose Hill? Is this really warranted?
You are right in these requests have nothing to do with conveyancing in Primrose Hill. However these days you will not be able to complete any conveyancing deal if you have not providing evidence of your identity. Ordinarily this takes the form of a either your passport or driving licence and a bank statement. Please note that if you are providing your driving licence as proof of ID it must be both the paper section and photo card part, one is not satisfactory in the absence of the other.
Evidence of your origin of money is required in accordance with the Money Laundering Regulations. You should not be offended when when this is requested of you as your conveyancer will need to have this information on file. Your Primrose Hill conveyancing practitioner will require evidence of proof of funds prior to accepting any monies from you into their client account and they will also ask additional questions concerning the origin of funds.
How does conveyancing in Primrose Hill differ for new build properties?
Most buyers of new build or newly converted property in Primrose Hill approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is finished. This is because developers in Primrose Hill typically buy the land, 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 conveyancers 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 used to new build conveyancing in Primrose Hill or who has acted in the same development.
I'm converting the mortgage on my current house to a buy to let mortgage with Leeds Building Society and intend to use the remaining equity as a deposit on further house. The neighborhood we are interested in is Primrose Hill. Will your conveyancers be able to act for the two mortgage companies and tie in the conveyances?
Make use of our search tool on this site to ensure that the conveyancers are approved by both lenders. On the basis that they are the conveyancer will be able to connect the two conveyancing matters but you should have a chat with you solicitor and make clear your expectations and needs.
Back In 2008, I bought a leasehold house in Primrose Hill. Conveyancing and Bank of Ireland mortgage are in place. A letter has just been received from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1995. The conveyancing practitioner in Primrose Hill who previously acted has long since retired. What should I do?
First make enquiries of HMLR to make sure that the individual claiming to own the freehold is in fact the new freeholder. You do not need to instruct a Primrose Hill conveyancing lawyer to do this as you can do this on the Land Registry website for less than a fiver. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Following years of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Primrose Hill. Can we issue an application to the Residential Property Tribunal Service?
Where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to make a decision on the price payable.
An example of a Lease Extension matter before the tribunal for a Primrose Hill flat is Flat 2 27 Mackeson Road in December 2012. The Tribunal assessed the value of the lease extension premium at £35,435 and rounded the figure to £35,500 This case affected 1 flat. The unexpired term as at the valuation date was 64.77 years.
How much should conveyancing in Primrose Hill cost?
The amount you are levied for Primrose Hill conveyancing costs can differ dramatically from company to company. This makes it especially critical for you to have a complete breakdown of charges before you instruct a lawyer. One should always seek three or four quotes.