Why is leasehold purchase conveyancing in West Hendon costs more?
In summary, leasehold conveyancing in West Hendon and North London usually necessitates additional due diligence compared to freehold transactions. This includes reviewing the lease, communicating with the landlord about the service of required notices, procuring up-to-date service charge and management information, securing the freeholder’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
I require fast conveyancing in West Hendon as I am under an ultimatum to sign on the dotted line in less than 3 weeks. Luckily I do not need a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not getting a mortgage you have the choice not to have searches carried out although no lawyer would suggest that you don't. Drawing on our experience of conveyancing in West Hendon the following are examples of what can show up and adversely affect market value: Refused Planning Applications, Outstanding Fees, Overdue Grants, Road Schemes,...
I'm buying a new build house in West Hendon benefiting from help to buy. The sellers refused to reduce the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not inform my solicitor about this side-deal as it will jeopardize my mortgage with National Westminster Bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I have been pointed in your direction by a couple of local estate agents in West Hendon to choose a property lawyer using your seach tool. Is there a financial incentive for Estate Agents to recommend your services over a competitor’s?
We don’t give any referral fee for sending work to this site. We thought it would be too underhand to pay a commission as members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
Am I better off to appoint a West Hendon conveyancing solicitor based in the vicinity that I am purchasing? An old friend can handle the conveyancing but they are based 200miles drive away.
The primary upside of using a high street West Hendon conveyancing firm is that you can pop in to sign documents, present your identification documents and pester them if necessary. Having local West Hendon know how is a plus. That being said nothing is more important than finding someone that will pull out all the stops for you. If you know people who used your friend and in the main were content that should surpass using an unknown West Hendon conveyancing lawyer solely due to them being based in the area.
I’m about to sell my garden flat in West Hendon. Conveyancing solicitors are to be appointed soon, but I have just had a quarterly service charge invoice – should I leave it to the buyer to sort out?
Your conveyancing lawyer is likely to suggest that you should discharge the maintenance contribution as usual as all rents and service invoices will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I have tried to negotiate informally with with my landlord for a lease extension without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a West Hendon conveyancing firm to act on my behalf?
Most definitely. We are happy to put you in touch with a West Hendon conveyancing firm who can help.
An example of a Lease Extension case for a West Hendon property is First Floor Flat 61 Wilberforce Road in March 2014. The premium payable was £10,130 and the case was remitted back to the Willesden County Court to effect the Vesting Order (Claim No 3W103100). This case was in relation to 1 flat. The remaining number of years on the lease was 71 years.