How can we know in advance if a Belsize Park conveyancing solicitor on the UBS panel is any good?
When it comes to conveyancing in Belsize Park obtaining recommendations is a good starting point. Before you go ahead, check if they offer a no sale no fee offer. Also, you often get what you pay for - a firm which quotes more, will often provide a better service than one advertising the lowest fees. We would always recommend that you speak with the lawyer carrying out your conveyancing.
We expect to receive a AIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Belsize Park solicitors on the Bank of Ireland conveyancing panel, or is it better to go independently?
You will need to appoint Belsize Park solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
I was told three weeks ago that my mortgage has been agreed to by Nationwide. Is it usual for Nationwide to only issue the offer once my solicitor in Belsize Park is approved on their conveyancing panel? Nationwide have asked my solicitor to see a copy of their Professional Indemnity Insurance Schedule.
Mortgage companies tend not to not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Nationwide to deal with your lawyer's application to be on the Nationwide conveyancing panel. There's no guarantee that your solicitor will be accepted.
3 months have gone by since my purchase conveyancing in Belsize Park concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £160,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the property from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Belsize Park differ for new build properties?
Most buyers of new build residence in Belsize Park come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is constructed. This is because builders in Belsize Park tend to buy the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Belsize Park or who has acted in the same development.
My business partner and I are planning to take an assignment of a lease of a shop on the high street. Can you recommend conveyancers offering no-sale-no charges for non-domestic conveyancing in Belsize Park for under 2k?
We are happy to recommend firms who have well rounded knowledge of commercial conveyancing in Belsize Park, including the disposal and purchase of businesses as well as simply premises. If you are hoping to purchase or sell a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right solicitor. Regarding the costs these will vary based on the structure and heads of terms of the deal. Let us have your details or telephone so as to enable us to furnish you with a fixed commercial conveyancing calculation.
In scouring the web for the words cheap conveyancing in Belsize Park it shows results of many solicitorsin the area. How do I determine which is the right solicitor for me?
The ideal way of choosing the right conveyancer is via personal testimonial, so seek the guidance of friends and relatives who have purchased a property in Belsize Park or a reputable estate agent or financial adviser. Costs for conveyancing in Belsize Park differ, so it's advisable to secure at least four estimates from varying types of conveyancers. Make sure that you know that the charges are assured not to to be inflated.
I am tempted by the attractive purchase price for a two maisonettes in Belsize Park which have approximately 50 years remaining on the lease term. Will this present a problem?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease deteriorates and it becomes more costly to acquire a lease extension. This is why it is often a good idea to increase the term of the lease. More often than not it is difficult to sell a property with a short lease because mortgage lenders may be reluctant to lend money on properties of this type. Lease enfranchisement can be a protracted process. We recommend you seek professional assistance from a conveyancer and surveyor with experience in this arena.
I am the leaseholder of a a ground floor purpose built flat in Belsize Park. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the sum due for the purchase of the freehold?
Where there is a absentee landlord or if there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the First-tier Tribunal (Property Chamber) to arrive at the price.
An example of a Lease Extension matter before the tribunal for a Belsize Park property is First Floor Flat 20 Fitzjohns Avenue in July 2014. the Tribunal decided that the premiums to be paid for new leases in respect of the Raised Ground Floor Flat and the First Floor Flat were to be calculated as: Raised Ground Floor: £765,175.14 First Floor: £601,617.77 This case affected 2 flats. The number of years remaining on the existing lease(s) was 16.83 and 16.43.