My family solicitor has given a fee calculation of £1350 for freehold conveyancing in Hendon. I’m selling a Georgian detached home for £300,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Hendon?
The charges are a little high. If you are content to expend time comparing fee on a like for like basis you might get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you maylive to rue choosing an an unknown lawyer. Remember to ensure that the solicitor can represent your lender. Do make use of our search tool to choose a Hendon conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Hendon.
We wanted to use a property lawyer in Hendon for our house move. Our broker has since advised us that our mortgage company Platform Home Loans Ltd won't deal with them. Surely this is unfair competition?
Banks tend to imposes restrictions either the category or the amount of conveyancing solicitors on their member panel. A common example of such restriction(s) being that a firm must not be a sole practitioner. In addition to restricting the profile of firm, a few banks have reduced the number of firms they use to represent them. You should note that Platform Home Loans Ltd have no responsibility for the quality of advice provided by any member of Platform Home Loans Ltd Conveyancer Panel. Mortgage fraud was a key driver in the reduction of solicitor panels a few years ago even though there remains mixed opinions concerning the extent of solicitor engagement in some of that fraud. Statistics from the Land Registry indicate that plenty of law firms, including some in or near Hendon only carry out one or two conveyances a year.
Just bought a terraced house in Hendon , What is the estimated time for the Land Registry to register my title? My Hendon conveyancing solicitor works at snail pace, so I want to be certain that my name is recorded.
There is nothing unique about conveyancing in Hendon registration formalities. As opposed to being determined by geographic area, timeframes can differ depending on the party submitting the application, whether it is in order and whether the Land registry must send notices to any other parties. Currently in the region of 80% of submission are fully dealt with in less than three weeks but some can be subject to extensive hold-ups. Historically registration is effected once the new owner has moved in to the premises so post completion formalities is not typically an essential issue yet where there is a degree of urgency associated with the registration then you or your solicitor should contact the land registry and explain the circumstances.
I decided to have a survey completed on a property in Hendon in advance of instructing lawyers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks may not issue a loan on such a property.
It depends who your proposed lender is. HSBC has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Hendon. Conveyancing will be smoother if you use a solicitor in Hendon especially if they are acquainted with such properties in Hendon.
We're first time buyers - agreed a price, yet the property agent advised that the seller will only issue a contract if we appoint their chosen lawyers as they need an ‘expedited deal’. My instinct tells me that we should use a local solicitor used to conveyancing in Hendon
We suspect that the owner is not behind this demand. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is likely to cause more damage than good. Try to communicate with the sellers directly and make the point that (a)you are keen to buy (b)you are excited to move forward, with finances in place © you do not need to sell (d) you intend to proceed fast (e)but you will continue to use your own,trusted Hendon conveyancing lawyers - not the ones that will provide the negotiator at the agency a commission or hit his conveyancing figures pre-set by senior management.
I am tempted by the attractive purchase price for a two apartments in Hendon which have about forty five years remaining on the leases. Will this present a problem?
There are plenty of short leases in Hendon. The lease is a legal document that entitles you to use the property for a period of time. As a lease shortens the saleability of the lease deteriorates and it becomes more expensive to extend the lease. For this reason it is generally wise to extend the lease term. It is often difficult to sell a property with a short lease because mortgage companies may be reluctant to lend money on properties of this type. Lease extension can be a difficult process. We recommend you get professional assistance from a solicitor and surveyor with experience in this area.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal adjudicate on such issues? Can you recommend a Hendon conveyancing firm to represent me?
Most certainly. We are happy to put you in touch with a Hendon conveyancing firm who can help.
An example of a Lease Extension decision for a Hendon premises is First Floor Flat 61 Wilberforce Road in March 2014. The premium payable was £10,130 and the case was remitted back to the Willesden County Court to effect the Vesting Order (Claim No 3W103100). This case was in relation to 1 flat. The remaining number of years on the lease was 71 years.