I was referred a lawyer who has given a fee estimate just over a thousand pound for no sale no fee conveyancing in Acton. I’m looking to sell a Victorian detached home for £150,000. This seems overpriced. Is it above the norm for conveyancing in Acton?
The quote is slightly on the high side. If you shop around you could decrease the fees slightly by as much as a hundred pounds. On the other hand, you mightcome to regret opting for an an unknown lawyer. Don't forget to check that the firm can act for your mortgage company. You can use our search tool to locate a Acton conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Acton.
Why is leasehold purchase conveyancing in Acton costs more?
Acton leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving applicable notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
Over the last few months I have been searching for a ground for flat up to £305k and identified one round the corner in Acton I like with open areas and station nearby, however it's only got 51 remaining years left on the lease. There is not much else in Acton in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you require a home loan that many years may be problematic. Discount the offer by the expected lease extension will cost if not already taken into account. If the current owner has owned the property for at least twenty four months you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing solicitor regarding this.
We're first time buyers - had an offer accepted, but the estate agent informed us that the vendor will only go ahead if we instruct the agent's preferred solicitors as they need a ‘quick sale’. My instinct tells me that we should use a family solicitor who is accustomed to conveyancing in Acton
We suspect that the seller is not behind this request. If they require ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Speak to the owners direct and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are chain free (d) you wish to move quickly (e)but you are going to appoint your preferred Acton conveyancing lawyers - not the ones that will provide the negotiator at the agency a referral fee or achieve conveyancing targets set by corporate headquarters.
I have just appointed agents to market my garden flat in Acton. Conveyancing is yet to be initiated, however I have recently received a yearly maintenance charge invoice – what should I do?
It best that you pay the invoice as usual as all rents and service charges should be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless 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. Having a clear account will assist your cause and will leave you no worse off financially.
I own a a ground floor purpose built flat in Acton. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount due for a lease extension?
Where there is a missing freeholder or where there is dispute about the premium for a lease extension, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to judgment on the amount due.
An example of a Freehold Enfranchisement decision for a Acton premises is 4 Woodhurst Road in July 2013. The Tribunals valuation for the premium to be paid in respect of the collective enfranchisement was £51,050. This case related to 2 flats. The unexpired term was 63.75 years.
We are looking to buy a repossessed house in Acton and the bank selling demand completion inside 28 days. Do conveyancing practitioners complete in this timeframe? Would it be better to instruct a high street Acton firm or an online organisation that professes to offer speedy conveyancing?
Attend your Acton shopping parade. Pop in to 3 firms and ask to talk to a conveyancing solicitor for a quote. Explain your situation and seek assurances on deadlines. Select the firm that comes across as most efficient. Be sure to use a conveyancer on the list of property lawyers who can act for your bank.