My previous lawyer has sent a quote for just over a thousand pound for fixed fee conveyancing in Silvertown. I am looking to sell a Georgian house for £150,000. Are these estimated fees excessive? Is it in excess of the norm for conveyancing in Silvertown?
The estimate does seem a tad steep. If you shop around you might shave off some of the cost by as much as £125. On the other hand, you maycome to rue choosing an a cheaper conveyancer. Remember to check that the firm can represent your mortgage company. Do utilise our search tool to select a Silvertown conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Silvertown.
We see that you have a post code search directory identifying solicitors on the HSBC conveyancing panel. Do firms pay you a commission if I appoint them for our conveyancing in Silvertown?
We are a listing service only for law firms wishing to communicate if they are on the HSBC conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Silvertown.
What is the difference between a licensed conveyancer and conveyancing solicitor in Silvertown
Two types of professional can execute conveyancing in Silvertown namely CLC regulated conveyancers or solicitors. Both professionals handle conveyancing services that you need to complete the disposal or acquisition of property. Both are duty bound to execute Silvertown conveyancing on similar standards and guidelines so you can be safe in the knowledge that your conveyancing will be properly administered and that the requirements and procedures will be correctly adhered to.
A colleague advised me that in purchasing a property in Silvertown there could be various restrictions affecting the ability to carry out external changes to the property. Is this right?
There are a number of properties in Silvertown which have some sort of restriction or requirement of consent to execute external alterations. Part of the conveyancing in Silvertown should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am being told by my conveyancer that lack of right of way insurance is required on my purchase. What is the typical level of cover needed for conveyancing in Silvertown?
The appropriate level of lack of right of way indemnity insurance depends on your lender. It would differ for example between HSBC Bank and Barnsley Building Society. Conveyancing lawyers as opposed to members of the public take out such policies.
three months have gone by following my purchase conveyancing in Silvertown completed. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what was supposed to be a quick, no chain conveyancing. Silvertown is the location of the property. Can you offer any assistance?
Flying freeholds in Silvertown are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Silvertown you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Silvertown may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.
I am in need of some leasehold conveyancing in Silvertown. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and 99.9% are in Silvertown - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have given up seeking a lease extension in Silvertown. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a absentee freeholder or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the price payable.
An example of a Lease Extension matter before the tribunal for a Silvertown property is 46 Credon Road in January 2014. On 11 September 2013 Deputy District Judge Price sitting at the Bow County Court made a vesting order that the freeholder surrender his lease and be granted a new lease of the Premises on such terms as may be determined by the First Tier Tribunal (Property Chamber).The appropriate sum as concluded by the Tribunal was £7225 This case related to 1 flat. The remaining number of years on the lease was 69.77 years.