Just contacted my conveyancing solicitor in Bloomsbury who conducted the legals 18 months ago and wanted a conveyancing costs illustration based on an identical type of home move (a leasehold premises and a freehold property) of almost identical values with a home loan from Barnsley Building Society. It looks as though am now being charged twice the amount. Should I look for an alternative property lawyer?
The quote is fractionally on the high side. If you shop around you could reduce the fees slightly by say a hundred pounds. That being said, providing that you were satisfied with the service the firm provided you maycome to rue choosing an an unknown conveyancer. Remember to ensure that the firm can act for Barnsley Building Society. Do utilise our search tool to get a quote a Bloomsbury conveyancing firm on the Barnsley Building Society conveyancing panel, which can often include conveyancing solicitors in Bloomsbury.
I own a freehold property in Bloomsbury but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Bloomsbury and has limited impact for conveyancing in Bloomsbury but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 will be extinguished.
We are buying a 2 bedroom flat in Bloomsbury with a homeloan from Barclays Direct.We use our Bloomsbury conveyancing practitioner but Barclays Direct advised that he's not listed on their approved list of member firms. We have to appoint a Barclays Direct panel lawyer or retain our high street solicitor and pay for a Barclays Direct panel lawyer to represent them. We feel as though this is unjust; is there anything we can do?
Unfortunately,no. The mortgage offered to you contains various provisions, a common one being that conveyancers needs to be on the Barclays Direct conveyancing panel. Until recently, most banks had large numbers of law firms on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for Barclays Direct
I have been told that property searches are the main reason for stalling in Bloomsbury house deals. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not feature within the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Bloomsbury.
I am downsizing from my house. My former solicitors closed down. I am in need of a recommendation of a conveyancing firm. Im based in Bloomsbury if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Bloomsbury. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
As a leasehold owner I am on the hook for a maintenance contribution for my ground floor flat in Bloomsbury. Due to redundancy and other issues I slipped behind with remittance. The management company agreed a settlement plan but there is still around £2000 currently outstanding.
I am under pressure to sell and I am worried this may hold me back if I have to pay off the arrears first. Do I have to settle before - is this viable?
The conveyancer conducting your Bloomsbury sale should be in a position to negotiate with the management company, and agree with them whether or not they would accept settlement out of the sale proceeds. This is an example of why it might be good to select a lawyer in Bloomsbury as they are likely to have an established relationship with the parties.