My family lawyer has given a fee estimate £995 for no completion no fee conveyancing in West Kensington. I’m selling a Georgian detached home for £275,000. Is this overpriced? Is it in excess of what I should be paying for conveyancing in West Kensington?
The costs illustration is fractionally on the expensive side. Where you are prepared to spend time comparing charges you could decrease the fees slightly by say £125. That being said, you maycome to rue opting for an an unknown conveyancer. If is important to enquire that the solicitor can represent your bank. Do utilise our search tool to get a quote a West Kensington conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in West Kensington.
We are nearing an exchange on a house in West Kensington and my mum and dad have sent the exchange deposit to my property lawyer. I am now advised that as the deposit has been sent from someone other than me my solicitor needs to make a notification to my bank. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I advised the mortgage company regarding my parents' contribution when I applied for the home loan, so is it really appropriate for him to raise this?
Your solicitor is legally required to check with the bank to make sure that they are aware that the balance of the purchase price is not from your own funds. The solicitor can only disclose this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
What will a local search tell me concerning the house I am purchasing in West Kensington?
West Kensington conveyancing often starts with the ordering local authority searches directly from your local Authority or via a personal search company for instance PSG The local search plays a central role in many a West Kensington conveyancing purchase; as long as you don’t want any unpleasant once you have moved into your property. The search should provide information on, amongst other things, details on planning applications relevant to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject headings.
I have been pointed in your direction by a few property agents in West Kensington to find a solicitor using your seach tool. Is there a financial advantage for Estate Agents to promote your lawyers over and above another?
We refuse to offer any commission for sending work in our direction. We found it would be just too difficult a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
Should I use a West Kensington conveyancing lawyer in close proximity to the house I am purchasing? I have an old university friend who can handle the legal work however they are based over three hundred miles drive away.
The primary upside of using a local West Kensington conveyancing practice is that you can attend the office to sign documents, present your identification documents and apply pressure on them where appropriate. They will also have local insight which is a plus. However nothing is more important than finding someone that will pull out all the stops for you. If you know people who instructed your friend and in the main were happy that must trump using an unfamiliar West Kensington conveyancing solicitor just because they are round the corner.
I've recently bought a leasehold house in West Kensington. Do I have any liability for service charges relating to a period prior to my ownership?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can one apply to the Leasehold Valuation Tribunal? Can you recommend a West Kensington conveyancing firm to help?
Most definitely. We are happy to put you in touch with a West Kensington conveyancing firm who can help.
An example of a Lease Extension case for a West Kensington residence is 93 Oakwood Court in June 2010. the LVT determined that the premium to be paid for the new lease was £492,083, This case affected 1 flat. The number of years remaining on the existing lease(s) was 37.79 years.