My partner’s brother is a conveyancer. I am hopeful that I'll be able to get preferential fee for conveyancing, However if that does not come materialise, what level of figure should I be paying for conveyancing in Elephant and Castle?
It’s prudent to get two or three conveyancing quotes. Make use of our search tool on this page. You will notice that charges seem to be different but service levels do are distinct between law firms as is the case with the vast majority of professional services.
This question may be naive but I am unexperienced as FTB of a garden flat in Elephant and Castle. Do I pick up the keys to the premises on the completion date from my conveyancer? If this is the case, I will use a local conveyancing solicitor in Elephant and Castle?
On the day of completion you will not be required to attend the conveyancers office in Elephant and Castle. Conveyancing lawyers for you will transfer the purchase money to the owner’s conveyancers, and shortly after the monies have arrived, you should be able to collect the keys from the selling Agents and start moving into the property. This tends to happen early afternoon.
When it comes to lenders such as Clydesdale, do Elephant and Castle conveyancing practitioners face an annual charge to be on the conveyancing panel?
We are not aware of any mortgage company fees to register on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Can I be sure that the Elephant and Castle conveyancing solicitor on the Bank of Ireland panel is any good?
When it comes to conveyancing in Elephant and Castle obtaining recommendations is a sensible start. 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 which is cheap as chips. We would always advise that you speak with the lawyer conducting your transaction.
What does commercial conveyancing in Elephant and Castle cover?
Elephant and Castle conveyancing for business premises incorporates a wide array of guidance, provided by qualified solicitors, relating to business premises. For instance, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
My husband and I are first time buyers - agreed a price, but the estate agent told us that the owners will only proceed if we instruct the agent's preferred solicitors as they are insisting on a ‘quick sale’. We would rather use a high street conveyancer accustomed to conveyancing in Elephant and Castle
We suspect that the seller is unaware of this request. Should the owner want ‘a quick sale', taking such a hostile approach to a motivated purchaser is counter productive. Bypass the agents and go straight to the sellers and explain that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you will continue to use your preferred Elephant and Castle conveyancing lawyers - not the ones that will earn the estate agent a commission or meet his conveyancing thresholds pre-set by HQ.
I've found a house that appears to meet my requirements, at a great figure which is making it more attractive. I have subsequently discovered that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns buying a house with a leasehold title in Elephant and Castle. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
The majority of houses in Elephant and Castle are freehold and not leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Elephant and Castle so you should seriously consider looking for a Elephant and Castle conveyancing solicitor and check that they are used to transacting on leasehold houses. First you will need to check the number of years remaining. Being a lessee you will not be entirely free to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’spermission to conduct alterations. You may also be required to pay a maintenance charge towards the maintenance of the communal areas where the property is part of an estate. Your solicitor should advise you fully on all the issues.
I am the leaseholder of a garden flat in Elephant and Castle. Given that I can not reach agreement with the freeholder, can the Leasehold valuation Tribunal determine the premium due for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Elephant and Castle conveyancing firm who can help.
An example of a Lease Extension case for a Elephant and Castle premises is Ground Floor Flat 39 Bronsart Road in May 2010. Following a vesting order by West London County Court the Leasehold Valuation Tribunal concluded that the price to be paid for the extended lease of the premises was Thirteen Thousand Two hundred pounds (£13,200) in accordance with the valuation. The extended lease was granted for a term of 90 years from the expiry date of the Lease and at a peppercorn ground rent from the date of the vesting order. This case affected 1 flat. The unexpired term was 74.77 years.
I am short of a 10% deposit on my house purchase in Elephant and Castle , but I still want to exchange. What can I do?
You can agree a lesser deposit. Many vendors will agree to a lesser deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute