Is there a reason why leasehold purchase conveyancing in Fitzrovia costs more?
Fitzrovia leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am in the process of remortgaging my property in Fitzrovia, does my lawyer need to be on the RBS Conveyancing panel?
There is nothing to stop you using your solicitor, but RBS will insist on their interests being represented by a firm on their conveyancing panel. There is much more potential for delays and confusion with two solicitors involved, and it will undoubtedly be more expensive too.
This question may be naive but I am wet behind the ears as a 1st time buyer of a garden flat in Fitzrovia. Do I pick up the keys to the property on completion from my conveyancer? If this is the case, I will instruct a High Street conveyancing solicitor in Fitzrovia?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the owner’s lawyers, and shortly after the monies have arrived, you will be called to pick up the keys from the Estate Agents and start moving into the property. Usually this occurs early afternoon.
A colleague informed me that in buying a property in Fitzrovia there could be various restrictions affecting the ability to carry out external alterations to the property. Is this right?
We are aware of a number of properties in Fitzrovia which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Fitzrovia should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
The formalities of my remortgage has taken place for my property in Fitzrovia. Conveyancing was satisfactory but I would like to complain about the lender. How does one go about formally complaining?
Most banks and building societies have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Services Department at head office. We understand that complaints to a lender are sorted out effectively and efficiently. If you feel the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR who will take matters further.
Is it necessary to take out insurance to cover chancel repairs when acquiring a house in Fitzrovia?
Unless a previous purchase of the house took place post 12 October 2013 you can assume that lawyers delivering conveyancing in Fitzrovia to remain recommending a chancel search and or insurance against a claim.
Just had an offer accepted on a new build flat in Fitzrovia. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Fitzrovia
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Please confirm the Lease plans are surveyor prepared. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply a car parking plan. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore.
I was pointed in your direction by a few estate agents in Fitzrovia to choose a solicitor using your seach tool. What’s the financial advantage for Estate Agents to recommend your services rather than another?
We refuse to offer any commission for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why aren’t I receiving any benefit too?’ So we decided to step away from that.