My previous solicitor has given a fee estimate £1150 for freehold conveyancing in Belsize Park. I am hoping to sell a purpose built detached home for £150,000. Is this expensive? Is it in excess of the norm for conveyancing in Belsize Park?
The estimate does seem a tad steep. If you shop around you might decrease the fees marginally by say a hundred pounds. On the other hand, you maycome to rue choosing an an untested conveyancer. If is important to check the solicitor can also act for your bank. Do employ our search tool to select a Belsize Park conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Belsize Park.
I purchased a renovated Edwardian house in Belsize Park. Conveyancing practitioner represented me and Britannia. I happened to do a free search for it on the Land Registry database and there are a couple of entries: the first freehold, another for leasehold under the matching property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Belsize Park and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with the conveyancing practitioner who carried out the work.
Due to the encouragement of my in-laws I had a survey completed on a house in Belsize Park prior to instructing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some mortgage companies may refuse to issue a loan on such a house.
It depends who your proposed lender is. Santander has different instructions for example to Halifax. Should you wish to call us we can investigate further via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Belsize Park. Conveyancing will be smoother if you use a solicitor in Belsize Park especially if they are familiar with such properties in Belsize Park.
I have been pointed in your direction by a number of estate agents in Belsize Park to get a quote from a solicitor using your seach tool. What’s the financial incentive for Estate Agents to recommend your lawyers over and above another?
We refuse to offer any commission for directing people our way. We thought it would be too underhand a fee as a client could think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
We're FTB’s - had an offer accepted, but the agent advised that the seller will only go ahead if we instruct the agent's preferred lawyers as they need a ‘quick sale’. We would rather use a family solicitor accustomed to conveyancing in Belsize Park
We suspect that the seller is unaware of this request. Should the owner desire ‘a quick sale', alienating a serious buyer is going to damage their objectives. Avoid the agents and go straight to the owners and make the point that (a)you are motivated purchasers (b)you are excited to move forward, with mortgage lined up © you are chain free (d) you intend to proceed fast (e)but you intend to use your own,trusted Belsize Park conveyancing solicitors - as opposed tothose that will provide the negotiator at the agency a introducer fee or achieve conveyancing thresholds set by HQ.
I’m about to sell my garden flat in Belsize Park. Conveyancing solicitors are to be appointed soon, however I have just had a half-yearly service charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the maintenance contribution as you normally would given that all ground rent and service payments will be allotted as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment 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. This will smooth the conveyancing process.
My wife and I have hit a brick wall in trying to purchase the freehold in Belsize Park. Can the Leasehold Valuation Tribunal adjudicate on premiums?
Absolutely. We can put you in touch with a Belsize Park conveyancing firm who can help.
An example of a Lease Extension decision for a Belsize Park flat 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 was in relation to 2 flats. The unexpired term was 16.83 and 16.43.