The solicitor who dealt with my previous purchase has quoted just over a thousand pound for no completion no fee conveyancing in West Ham. I’m hoping to downsize from a newly refurbished property for £300,000. Is this over the top? Is it above what I should be paying for conveyancing in West Ham?
The costs illustration is fractionally on the high side. If you are content to invest time scrutinising costs you could shave off some of the expense by perhaps £125. On the other hand, you maycome to regret opting for an an untested lawyer. Don't forget to ensure the firm can represent your bank. Do make use of our search tool to find a West Ham conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in West Ham.
four months have gone by following my purchase conveyancing in West Ham took place. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £180,000. 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 residence 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.
How does conveyancing in West Ham differ for new build properties?
Most buyers of new build property in West Ham come to us having been asked by the seller to sign contracts and commit to the purchase even before the property is constructed. This is because developers in West Ham tend to acquire the real estate, 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 property lawyers 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 West Ham or who has acted in the same development.
Over the last few months I have been searching for a flat up to £305k and identified one close by in West Ham I like with open areas and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in West Ham for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a mortgage the remaining unexpired lease term may be problematic. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor regarding this matter.
I am a sole trader intending to take an assignment of a lease of an office on the high street. Can you recommend conveyancers offering competitive charges for non-domestic conveyancing in West Ham for less than £2000?
We are happy to recommend firms who have specialist knowledge of commercial conveyancing in West Ham, including the sale and purchase of businesses as well as simply premises. If you are looking to buy or lease a shop, pub, restaurant, office, retail unit or a complete business we can find you the right firm. Regarding the charges these will vary based on the structure and complexity of the deal. Please provide us with your contact information or email so as to enable us to furnish you with comprehensive commercial conveyancing calculation.
Am I better off to use a West Ham conveyancing practitioner in close proximity to the house I am purchasing? An old friend can deal with the legal formalities but his firm is located a couple of hundredmiles away.
The primary upside of using a high street West Ham conveyancing firm is that you can drop in to sign documents, deliver your identification documents and apply pressure on them where appropriate. Having local West Ham know how is a plus. However nothing is more important than finding someone that will do a good and efficient job. If if people you trust instructed your friend and on the whole were impressed that should outweigh using an unfamiliar West Ham conveyancing solicitor solely due to them being round the corner.