I plan on buying an apartment in Piccadilly. My Solicitor is not on the mortgage company conveyancing panel. Is it possible for me to use my Piccadilly conveyancing solicitor notwithstanding that they are not on the mortgage company list of approved lawyers?
Various options include
- Complete the purchase with your preferred Piccadilly solicitor but your mortgage company will undoubtedly appoint a conveyancing practitioner on their approved list. This will result in additional charges and potential interruption.
- Get a fresh conveyancing practitioner to conduct the conveyancing, making sure they are on the mortgage company conveyancing panel.
- Appeal to your property lawyer to seek to join the bank panel
Can you explain why leasehold purchase conveyancing in Piccadilly costs more?
The conveyancing fees for a leasehold property in Piccadilly is frequently higher when contrasted to a freehold residence. This is due to the extra time required in liaising with the landlord and managing agents to collate the information concerning whether the rent and service charges have been cleared and whether there are any major works due in the near future on repairs or maintenance of the building.
About to purchase a new build apartment in Piccadilly. Conveyancing is a frightening process 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.
Set out below is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Piccadilly
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Forfeiture - bankruptcy or liquidation must not apply under this provision. Please supply a car parking plan. Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
In sourcing the world wide web for the phrase on line conveyancing in Piccadilly it reveals numerous property lawyersin the area. With so much choice what is the best way to find the right property lawyer for purchase transaction?
The best way of seeking a suitable conveyancer is through a trusted recommendation, so ask colleagues and those you trust who have acquired a property in Piccadilly or a local estate agent or mortgage broker. Charges for conveyancing in Piccadilly differ, so it's a good idea to secure a minimum of three fee calculations from different conveyancers. Make sure that you clarify that the fees are fixed.
What are your top tips when it comes to finding a Piccadilly conveyancing practice to deal with our lease extension?
If you are instructing a conveyancer for lease extension works (regardless if they are a Piccadilly conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Piccadilly conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be useful:
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If they are not ALEP accredited then why not? Can they put you in touch with clients in Piccadilly who can give a testimonial?
After months of negotiations we simply can't agree with our landlord on how much the lease extension should cost for our flat in Piccadilly. Can we issue an application to the Residential Property Tribunal Service?
if there is a absentee freeholder or if 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 decide the amount due.
An example of a Lease Extension case for a Piccadilly flat 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 related to 1 flat. The number of years remaining on the existing lease(s) was 21 years.
New build sellers have suggested I use a solicitor and I've received a quote from them. They are almost £300 cheaper than my local Piccadilly lawyer. Should I use them?
Builders frequently have panels of lawyers who are quick and who know the developer’s paperwork and lawyer. As many developers offer an incentive to select their approved lawyer for this reason, any increased cost can be avoided and a developer will not put forward a conveyancing factory and run the risk of having the transaction delayed when they need an exchange within a tight deadline. The argument for not agreeing to use the suggested conveyancing practitioner is that they may prove unwilling to fight for your interests at the risk of upsetting the sellers. Where you have concerns that this may be the situation you should remain with your local Piccadilly property lawyer.