My partner’s dad is a solicitor. I expect that I'll be able to get friends and family pricing for conveyancing, However if that does not come through, what kind of fees should I be paying for conveyancing in Mayfair?
You should contrast pricing. Make use of our comparison tool on this site. The amounts seem to vary but the service one can expect differ between property lawyers as is true with most professions.
How up to date is your database of Mayfair solicitors on the Skipton conveyancing panel? Do Skipton send you an updated list?
Mayfair conveyancing firms themselves provide us confirmation that they are on the Skipton conveyancing panel as opposed to being supplied with a list from Skipton directly.
What happens if my lawyer’s firm is suspended from the UBS Solicitor panel ahead of completing my conveyancing in Mayfair?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Me and my partner are buying a house in Mayfair. It might be a silly question but how we can trust a lawyer? On completion day we will need to send our life savings into their account. What protection do we have from them run away with our monies?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My wife and I buying a end of terrace house in Mayfair. The intention is to convert the garage to a playroom at the property.Will the conveyancing process include enquiries to ascertain if these alterations are prohibited?
Your conveyancer should check the registered title as conveyancing in Mayfair will occasionally identify restrictions in the title documents which prevent certain works or require the consent of a 3rd party. Many additions need local authority planning consent and approval under the building regulations. Certain locations are designated conservation areas and special planning restrictions apply which often prevent or impact extensions. It would be prudent to check these issues with a surveyor ahead of any purchase.
After what feels like an age I have had an offer on a maisonette in Mayfair accepted, but there is a chain. The sellers have put an offer on a flat, but it’s not yet agreed to, and have viewings of other apartments booked. I have chosen a local conveyancing solicitor in Mayfair. What do I do now? At what point do I apply for the mortgage with Kent Reliance?
It is usual to have apprehensions where there is a chain as you are unlikely to want to be too out of pocket too early (home loan application is approx £1k, then survey, Mayfair conveyancing search costs, etc). First, you should check that your lawyer is on the Kent Reliance conveyancing panel. Concerning the next phase this very much depends on the uniqueness of your case, motivation for this property and on the state of the market. In a buoyant market the majority of home buyers will apply for a home loan with Kent Reliance and arrange for the valuation and only if it was satisfactory would they pay their conveyancer to move forward with searches.
We're first time buyers - agreed a price, yet the property agent advised that the seller will only go ahead if we appoint the agent's chosen lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local conveyancer accustomed to conveyancing in Mayfair
It is improbable the sellers are driving this. Should the seller require ‘a quick sale', taking such a hostile approach to a serious buyer is likely to cause more damage than good. Contact the sellers directly and make sure they understand (a)you are keen to buy (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you wish to move quickly (e)however you intend to instruct your preferred Mayfair conveyancing firm - as opposed tothe ones that will earn the estate agent a kickback or meet his conveyancing targets demanded by HQ.
I am a negotiator for a reputable estate agent office in Mayfair where we have experienced a number of flat sales jeopardised due to short leases. I have been given inconsistent advice from local Mayfair conveyancing solicitors. Please can you confirm whether the owner of a flat can commence the lease extension formalities for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
My wife and I have hit a brick wall in trying to purchase the freehold in Mayfair. Can the Leasehold Valuation Tribunal adjudicate on premiums?
in cases where there is a missing freeholder or where there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the Leasehold Valuation Tribunal to make a decision on the price.
An example of a Lease Extension decision for a Mayfair property is Flat 1 3 Upper Belgrave Street in December 2010. The Tribunal determined that the price payablefor the Lease extension in respect of the subject premises was £2,202,007 This case was in relation to 1 flat. The unexpired term was 21 years.