Recently contacted my conveyancing solicitor in Park Royal who conducted the legals two years ago asking for a conveyancing costs illustration based on an identical type of house move (a leasehold premises and a freehold premises) of almost identical values with a loan from Chelsea Building Society. I am now being quoted twice the amount. Stick with what I know or do I seek out a cheaper online firm of conveyancing solicitor?
The estimate does seem a tad overpriced. Where you are prepared to spend time scrutinising quotes you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, assuming were pleased with the service the firm gave you mightcome to regret choosing an an untested lawyer. If is important to enquire the solicitor can act for Chelsea Building Society. Do utilise our search tool to choose a Park Royal conveyancing firm on the Chelsea Building Society approved list of lawyers, which can often include conveyancing solicitors in Park Royal.
Can the conveyancing lawyers indexed on your site perform right to buy conveyancing in Park Royal?
We do have numerous conveyancing lawyers who can conduct right to buy conveyancing Do contact us to obtain a costs calculation.
I purchased a freehold residence in Park Royal but still invoiced for rent, why is this and what is this?
It is rare for properties in Park Royal and has limited impact for conveyancing in Park Royal 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 hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I've recently found out that there is a flying freehold element on a property I have offered on a fortnight ago in what was supposed to be a simple, chain free conveyancing. Park Royal is where the house is located. Can you offer any opinion?
Flying freeholds in Park Royal are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Park Royal you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Park Royal may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I am looking to sell my home. My former lawyers closed down. I would be grateful for any recommendation of a conveyancing firm. I happen to live in Park Royal if that affects matters.
You should use our search tool to help you find a solicitor for your conveyancing in Park Royal. We have connected thousands of home buyers and sellers with lender approved solicitors to ensure that the legalities of their house move runs with a minimum of fuss.
Do you have any advice for leasehold conveyancing in Park Royal with the purpose of speeding up the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Park Royal can be avoided where you instruct lawyers the minute your agents start marketing the property and request that they start to collate the leasehold information needed by the buyers’ lawyers. Some Park Royal leases require Licence to Assign from the landlord. If this applies to your lease, you should notify your estate agents to make sure that the purchasers obtain financial (bank) and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly 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 actual amount of the service charge so that they can pass this information on to the purchasers or their solicitors. If there is a history of any disputes with your landlord or managing agents it is very important that these are resolved before the property is marketed. The buyers and their solicitors will be reluctant to purchase a flat where a dispute is unsettled. You will have to accept that you will have to discharge any arrears of service charge or settle the dispute prior to the buyers completing the purchase. It is therefore preferable to have any dispute settled ahead of the contract papers being issued to the buyers’ solicitors. You will still have to reveal details of the dispute to the buyers, but it is clearly preferable to present the dispute as over as opposed to unsettled. If you have the benefit of shareholding in the Management Company, you should ensure that you have the original share document. Obtaining a re-issued share certificate can be a lengthy formality and frustrates many a Park Royal home move. If a reissued share certificate is needed, do contact the company officers or managing agents (where applicable) for this as soon as possible.
Having spent years of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Park Royal. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
Most definitely. We are happy to put you in touch with a Park Royal conveyancing firm who can help.
An example of a Lease Extension matter before the tribunal for a Park Royal property is 99 Connell Crescent in May 2013. the Tribunal held that the relevant sum for the purposes of the lease extension should be £72,566 to be paid by the leaseholder This case affected 1 flat. The number of years remaining on the existing lease(s) was 28.42 years.