A mortgage agreement from HSBC for the remortgage of my 2 room apartment is coming imminently. Are you able to recommend a cheap conveyancing practitioner in Downe?
This site is not designed to assist those in pursuit of the lowest fares for conveyancing in Downe. Our aim is to provide affordable conveyancing but our intention is not to advertise as being the cheapest. Do not be seduced by organisations teasing you with £99 conveyancing in Downe. Optimistically, in going for cheap conveyancing, you will get your money’s worth and at worst you will end up being stung for extras and still not end up with the service you were hoping for.
I have given 8 weeks notice to my current landlord and must be out of my rented apartment in Downe by the end of next month. Conveyancing on my purchase is underway. How realistic is it to complete in six weeks as don't want to have to move into short term accommodation?
The normal practice is not to give notice for your lease unless you have exchanged. If you have not already done so, speak to your lawyer and request that they seek the assistance the other side, try to get a realistic time scale from them that all parties will work to achieve
In what way does my ID and proof of funds have anything to do with my conveyancing in Downe? Why is this being asked of me?
To satisfy the Money Laundering Regulations any Downe conveyancing firm will require proof of identity in all conveyancing transactions. This is normally satisfied by provision of a passport and an original bank statement or utility account showing your correct address.
Under Money Laundering Regulations, conveyancers are required to ascertain not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may result in your solicitor terminating their relationship with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to inform the relevant authorities should they consider that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a quick, no chain conveyancing. Downe is where the house is located. Can you shed any light on this issue?
Flying freeholds in Downe are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Downe you would need to get your solicitor to go through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Downe may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Am I right to be wary about brokers that I am dealing with are encouraging me to use a national conveyancing firm rather than a local Downe conveyancing firm?
As is the case with many professional services, often input from relatives can be most helpful. But there are many players in a conveyancing deal; estate agents, financial adviser and banks may suggest lawyers to retain. Sometimes these lawyers might be known to one of the organisations as experts in their field, but sometimes there behind the scenes commercial relationship behind the recommendation. You have the right to select your own conveyancer. Don't forget that the majority of lenders have an approved list of solicitors you have to use for the mortgage related work in your house move.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £250,000 flat in Downe on Friday in a week. The freeholder has quoted £408 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is the landlord entitled to charge such fees for a leasehold conveyance in Downe?
Downe conveyancing on leasehold flats nine out of ten times necessitates administration charges raised by management companies :
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Answering conveyancing due diligence enquiries
Where consent is required before sale in Downe
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I have attempted and failed to negotiate with my landlord to extend my lease without success. Can the Leasehold Valuation Tribunal adjudicate on such matters? Can you recommend a Downe conveyancing firm to represent me?
if there is a absentee landlord or where there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the Leasehold Valuation Tribunal to calculate the sum to be paid.
An example of a Lease Extension decision for a Downe premises is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The number of years remaining on the existing lease(s) was 50.57 years.