Do the conveyancing lawyers that you recommend carry out attended exchange conveyancing in Aldwych?
There are a few conveyancing experts who can conduct one day exchanges. You should e-mail us to receive a costs illustration and details as to availability.
I decided to have a survey done on a house in Aldwych in advance of appointing conveyancers. I have been informed that there is a flying freehold aspect to the property. My surveyor advised that some mortgage companies will not grant a loan on a flying freehold premises.
It depends who your proposed lender is. Bank of Scotland has different instructions from Nationwide. If you e-mail us we can check via the relevant lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Aldwych. Conveyancing may be slightly more expensive based on your lender's requirements.
How simple is it to change conveyancer as I have to find a firm on the Santander conveyancing panel. I instructed a high street conveyancing solicitor in Aldwych five minutes from me but she is not accepted by Santander
It would be our pleasure to help you find a conveyancing solicitor in Aldwych on the Santander panel. Please note that the law firms that we list do not pay us fee if you instruct them and are under regulation of the Solicitors Regulation Authority who oversee all conveyancing solicitors in Aldwych. In making use of the find a conveyancing solicitor tool on this site, you can compare and instruct different solicitors and conveyancers both nationally and in Aldwych.
My brother has recommend that I instruct his lawyers for conveyancing in Aldwych. Should I find my own property lawyer?
There are no two ways about it the best way to find a conveyancing solicitor is to have referrals from friends or relatives who have used the solicitor that you are contemplating using.
I am attracted to a couple of flats in Aldwych which have in the region of forty five years left on the lease term. should I be concerned?
There is no doubt about it. A leasehold flat in Aldwych is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to zero years unexpired, the more it adversely affects the salability of the property. For most buyers and banks, leases with under eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the property for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of premises with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Aldwych conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. A more straightforward and quicker method of extending would be to contact your landlord directly and sound him out on the prospect of extending the lease. You may find he or she is happy to negotiate informally and willing to consider your offer straight off, without having to involve anyone else. This will save you time and money and it could help you reach a lower price on the lease. You need to ensure that the agreed terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
Following months of dialogue we simply can't agree with our landlord on how much the lease extension should cost for our flat in Aldwych. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
if 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 make a decision on the amount due.
An example of a Freehold Enfranchisement matter before the tribunal for a Aldwych residence is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case was in relation to 1 flat. The unexpired lease term was 73.26 years.
Is there an average legal costs for conveyancing in Aldwych?
The average cost in 2014 for conveyancing in Aldwych was £1,395 excluding Land Tax and HMLR charges.