Would the conveyancing solicitors listed on your site conduct attended exchange conveyancing in Temple?
There are a few conveyancing experts who can conduct 24hr exchanges. Do call us to receive a costs illustration and details as to availability.
What is the first thing I need to know regarding purchase conveyancing in Temple?
Not many law firms shout this from the rooftops but conveyancing in Temple or throughout England and Wales is an adversarial process. Put another way, when it comes to conveyancing there is an abundance of room for confrontation between you and other parties involved in the ownership transfer. For example, the vendor, property agent and on occasion the lender. Appointing a law firm for your conveyancing in Temple should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the legal process whose interest is to protect your legal interests and to protect you.
There is a distinct ongoing adversarial element to conveyancing- someone must be at fault for the process being so protracted. We recommend that you your first instinct should be to trust your solicitor above the other players when it comes to the legal assignment of property.
We're in Temple, First time buyers buying with a mortgage (lender is Principality , and our lawyer is on the Principality conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Principality conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Given that I will soon part with 450k on a terraced house in Temple I wish to talk to a conveyancer concerning thehouse move ahead of giving the go ahead to the firm. Is this something that you can arrange?
This is something that we recommend - we would be happy to talk to you we do not take any clients on without you first talking to the lawyer who will be conducting your property ownership legalities in Temple.There is no ‘factory style conveyancing’ - each client is unique individual, not a file number. The solicitors that we put you in touch with believe that the fees you are quoted for your conveyancing in Temple should be the figure that you are charged.
I am attracted to a couple of maisonettes in Temple which have in the region of 50 years remaining on the lease term. Will this present a problem?
There are no two ways about it. A leasehold apartment in Temple is a wasting asset as a result of the shortening lease. The closer the lease gets to zero years unexpired, the more it reduces the salability of the property. The majority of buyers and mortgage companies, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Temple conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
After years of negotiations we are unable to agree with our landlord on how much the lease extension should cost for our flat in Temple. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or where there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to assess the amount due.
An example of a Lease Extension matter before the tribunal for a Temple premises is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case was in relation to 1 flat. The unexpired residue of the current lease was 66.8 years.
Are there any compelling benefits to using a local conveyancing practitioner in Temple
Home movers in Temple select a nearby high street property lawyer so that they can pop into the firm’s offices in the event that they have questions, and to collect paperwork rather taking the chance in depending on the Royal Mail.
There is a distinct benefit in opting for a lawyer nearby to the property you are buying, due to the familiarity of the area and possible local issues - but this is debatable. Most conveyancers carry out their work online and may be anywhere in the world.