IfI was to purchase a freehold housein West London mortgage fee and dispense with a survey and no conveyancing searches how much could I expect to to save on my conveyancing in West London?
The only saving you would make on is the West London conveyancing searches. The conveyancer still be obliged to do everything else - money laundering, liaising with the sellers conveyancer, SDLT submission, register the property etc. A marginal saving might be made by not having to register a charge but it will not be significant.
Having sold my house in West London last March but the buyer keeps Skype messaging daily to moan that his solicitor is waiting to hear from mine. What should my lawyer have done following completion?
Post completion of your house sale your lawyer should deliver the transfer documentation and all supplemental paperwork to the buyer’s conveyancer. If applicable, your solicitor must also send confirmation that the home loan has been redeemed to the purchasers solicitors. There is unlikely to be post completion tasks just for conveyancing in West London.
I am purchasing a garden flat in West London. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in West London you will have to appoint a solicitor on your bank's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in West London.
What can a local search inform me concerning the house I am purchasing in West London?
West London conveyancing often commences with the applying for local authority searches directly from your local Authority or through a personal search company for example Onsearch The local search plays a central part in many a West London conveyancing purchase; that is if you wish to avoid any nasty surprises after you move into your new home. The search should reveal information on, amongst other things, details on planning applications applicable 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 13 subject areas.
I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have subsequently found out that the title is leasehold rather than freehold. I am assuming that there are issues purchasing a leasehold house in West London. Conveyancing lawyers have not yet been instructed. Will they explain the issues?
Most houses in West London are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can assist with the conveyancing process. it is apparent that you are purchasing in West London so you should seriously consider shopping around for a West London conveyancing solicitor and be sure that they are used to advising on leasehold houses. First you will need to check the unexpired lease term. Being a leaseholder you will not be at liberty to do whatever you want to the property. The lease comes with conditions for example requiring the freeholder’spermission to conduct alterations. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is part of an estate. Your conveyancer will advise you fully on all the issues.
Having spent years of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in West London. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to calculate the premium.
An example of a Lease Extension decision for a West London property is 137 & 139 Haberdasher Street in December 2013. The Tribunal determines in accordance with section 48 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 that the premium for the extended lease for each Property should be £12,350.00. This case was in relation to 2 flats. The remaining number of years on the lease was 72.39 years.
Should I stop the direct debit for my mortgage with Nationwide once a completion date for my sale in West London has been set?
You are best advised to keep paying any mortgage payments to Nationwide pending the mortgage being redeemed from the proceeds of sale as part of your West London conveyancing.