Would the conveyancing practitioners that you recommend conduct auction conveyancing in Fitzrovia?
We know of a number of auction lawyers we can connect you with those specialising in auction conveyancing. Fitzrovia is just one of the many locations in which our lawyers have offices.
Should lawyers request an advanced payment for my conveyancing in Fitzrovia?
Where you are retaining lawyers for conveyancing in Fitzrovia your solicitor will request that you put them with funds to cover the search fees. Generally this is asked for to cover the fees of the conveyancing searches. If any deposit is payable against the total price then this will be needed shortly prior to exchange of contracts. The closing balance that is needed will be payable shortly before completion.
My wife and I have recently appointed a conveyancing solicitor in Fitzrovia. I I am struggling to find out whether they are accepted on the Skipton Building Society approved list of lawyers. Could you help?
You should contact your conveyancer and ask them if they are on the lender panel. Otherwise you can call Skipton Building Society who may be able to assist.
I have been on the look out for a ground for flat up to £235,500 and identified one close by in Fitzrovia I like with open areas and transport links nearby, however it's only got 49 years unexpired on the lease. I can't really find anything else in Fitzrovia suitable, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan that many years will be an issue. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you could request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this matter.
We're new to the buying process - had an offer accepted, yet the property agent advised that the owners will only proceed if we instruct the agent's recommended solicitors as they want an ‘expedited deal’. We would rather use a high street solicitor accustomed to conveyancing in Fitzrovia
It is unlikely the owners are behind this. If they require ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Bypass the agents and go straight to the owners and make sure they comprehend that (a)you are keen to buy (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you are going to use your own,trusted Fitzrovia conveyancing solicitors - rather thanthose that will earn the estate agent a kickback or hit his conveyancing targets pre-set by senior management.
Can you provide any top tips for leasehold conveyancing in Fitzrovia with the purpose of speeding up the sale process?
- Much of the frustration in leasehold conveyancing in Fitzrovia can be avoided where you get in touch lawyers the minute your agents start marketing the property and ask them to collate the leasehold documentation needed by the purchasers’ lawyers. You believe that you know the number of years remaining on your lease but it would be wise to verify this by asking your solicitors. A buyer’s lawyer will not be happy to advise their client to where the lease term is under 75 years. In the circumstances it is important at an early stage that you identify whether the lease term requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. Some Fitzrovia leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers put in hand financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the annual service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the service charge figures so that they can pass this information on to the purchasers or their lawyers. The majority of freeholders or Management Companies in Fitzrovia levy fees for supplying management packs for a leasehold premises. You or your lawyers should enquire as to the actual amount of the charges. The management pack can be applied for on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most common reason for frustration in leasehold conveyancing in Fitzrovia.
Following years of correspondence we are unable to agree with our landlord on how much the lease extension should cost for our flat in Fitzrovia. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a absentee landlord or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to assess the amount due.
An example of a Freehold Enfranchisement decision for a Fitzrovia premises is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case related to 1 flat. The unexpired term as at the valuation date was 73.26 years.