I was referred a conveyancer who has sent a quote for £995 for freehold conveyancing in London. I am looking to sell a Edwardian house for £300,000. This sounds too much. Is it in excess of the norm for conveyancing in London?
The quote is fractionally on the expensive side. If you are willing to expend time contrasting charges you might decrease the fees marginally by say £100 plus VAT. On the other hand, you maylive to rue choosing an an untested solicitor. If is important to be sure that the firm can act for your bank. Do use our search tool to choose a London conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in London.
I own a freehold property in London but still pay rent, why is this and what is this?
It’s unusual for properties in London and has limited impact for conveyancing in London but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
When researching consumer advice sites for an affordable lawyer in London, many comment that I should instruct a CQS kitemarked lawyer. What is CQS?
London Conveyancing Quality Scheme solicitors have been granted accreditation by the law Society CQS was created to establish evidence of quality standards in the home buying process. CQS helps buyers and sellers to recognise solicitor firms that provide a quality residential conveyancing. London is one of the many areas in England and Wales in which CQS have a presence. The conveyancing scheme obliges solicitors to undergo a strict assessment, compulsory training, self-certification, random audits and annual reviews in order to maintain CQS status. It is available to solicitors and not licensed conveyancers and has the support of the Building Societies Association.
Taking into account that I will soon part with over three hundred thousand on a property in London I wish to talk to a lawyer concerning thehome move ahead of instructing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the solicitor who will be doing your property ownership legalities in London.There is no ‘factory style conveyancing’ - every client is an important individual, not a file reference. The practices that we put you in touch with believe that the figure you are quoted for residential conveyancing in London should be the amount on the final invoice that you are charged.
I am in need of some leasehold conveyancing in London. Before diving in I would like to find out the number of years remaining on the lease.
If the lease is recorded at the land registry - and almost all are in London - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord to extend my lease without getting anywhere. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a London conveyancing firm to act on my behalf?
if there is a missing freeholder or if there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to make a decision on the amount due.
An example of a Freehold Enfranchisement decision for a London 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 was in relation to 1 flat. The number of years remaining on the existing lease(s) was 73.26 years.
We are in the middle of purchasing a property in London. Conveyancing solicitor has phoned to say the property is "Leasehold". Does this make a difference on the salability of the property?
London conveyancing does not in most situations involve leasehold houses. The crucial consideration here is the length of lease and the ground rent. If there are over a hundred years remaining with a peppercorn rent, it's essentially freehold, so it’s unlikely to affect the value too much.
At the other end of the spectrum, if it's, say, fifty five years it is bound to have a adverse effect on the value, and most likely wouldn't be mortgageable. The remaining lease term and ground rent will be specified in the lease which should be made available to your conveyancing practitioner.