My property lawyer in Eastcote has never been on on the Chelsea Building Society Conveyancing Panel. Can I still use my family solicitor even though they are excluded from the Chelsea Building Society approved list?
The limited options available to you here include:
- Complete the purchase with your preferred Eastcote lawyers but Chelsea Building Society will need to use a lawyer on their panel. This will inevitably rack up the overall legal charges and cause delays.
- Find a new lawyer to to deal with the purchase, not forgetting to check they are Chelsea Building Society approved.
- Try to convince your Chelsea Building Society solicitor to try to join the Chelsea Building Society panel
Forgive me if this question is silly but I am unseasoned as FTB of a two bedroom flat in Eastcote. Do I receive the keys to the property on the completion date from my lawyer? If so, I will use a local conveyancing solicitor in Eastcote?
On the day of completion you do not need to attend the conveyancers office in Eastcote. Conveyancing lawyers for you will electronically transfer the purchase money to the owner’s solicitors, and shortly after the monies have arrived, you should be called to collect the keys from the Estate Agents and move into your new home. Usually this happens early afternoon.
We had chosen solicitors locally in Eastcote on the Nottingham solicitor panel. They have just billed me a separate amount for the legal aspects of the Nottingham mortgage. Is this an additional conveyancing fee specified by Nottingham?
Provided it is contained in their Terms of Engagement or Quote then yes your lawyer may levy a fee for this. This fee is not dictated by Nottingham but by your Eastcote conveyancing practitioner. Some firms on the Nottingham panel will charge ’dealing with mortgage’ fee but plenty of practices incorporate it on their overall fee.
After months of negotiation I have agreed a price on an apartment in Eastcote. My financial adviser recommended their conveyancers. I paid an advanced payment of £150. A couple of days later, the property lawyer contacted me embarrassingly acknowledging that they were not on the Lloyds conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Lloyds panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
We are downsizing from our house in Eastcote and according to the buyers it appears that there is a risk of it being constructed land that was not decontaminated. A high street Eastcote lawyer would know this is not the case. It does beg the question why the buyers instructed a factory type conveyancing firm rather than a conveyancing solicitor in Eastcote. Having lived in Eastcote for six years we know that this is a non issue. Do we contact our local Authority to obtain confirmation need.
It sounds as though you may have a conveyancing lawyer already. What do they say? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
I am looking to sell my house. My past solicitors closed down. I am in need of a recommendation of a conveyancing firm. Im based in Eastcote if that makes a difference.
You should use our search tool to help you choose a solicitor for your conveyancing in Eastcote. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes with a minimum of fuss.
My father-in-law has suggested that I instruct his lawyers for conveyancing in Eastcote. Do I take his advice?
No doubt it’s preferable to choose a conveyancing lawyer is to have recommendations from friends or relatives who have actually previously instructed the solicitor you're are thinking of instructing.
I am looking at a couple of maisonettes in Eastcote both have approximately forty five years left on the lease term. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Eastcote is a deteriorating asset as a result of the shortening lease. The closer the lease gets to its expiry date, the more it adversely affects the value of the property. The majority of buyers and mortgage companies, leases with under eighty years become less and less marketable. 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 a residence 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 Eastcote 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.
I have given up negotiating a lease extension in Eastcote. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a missing landlord or where there is dispute about what the lease extension should cost, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to assess the price payable.
An example of a Lease Extension matter before the tribunal for a Eastcote flat is Flat 72 Queens Walk in January 2013. The Tribunals calculated the premium payable to be £22,090. This case affected 1 flat. The number of years remaining on the existing lease(s) was 53.26 years.