My family solicitor has quoted £1200 for leasehold conveyancing in Pimlico. I am selling a Edwardian house for £175,000. This sounds expensive. Is it above the average fee for conveyancing in Pimlico?
The charges are a tad high. If you shop around you may be able to trim some of the cost by say £125. On the other hand, you couldlive to regret opting for an a cheaper lawyer. Remember to be sure that the conveyancer can represent your mortgage company. You can use our search tool to choose a Pimlico conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Pimlico.
We note that you have a search directory listing firms on the Lloyds conveyancing panel. Do companies pay you a commission if I retain them for our own conveyancing in Pimlico?
We are a listing service only for law firms wishing to communicate if they are on the Lloyds conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Pimlico.
Me and my partner are buying a house in Pimlico. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to send money into their account. What is the protection 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.
Forgive me if this question is silly but I am new to the home buying as FTB of a garden flat in Pimlico. Do I collect the keys to the premises on completion from my solicitor? If so, I will use a High Street conveyancing solicitor in Pimlico?
There is no need to visit the lawyers office on the day of completion. Your solicitors will transfer the completion advance to the owner’s lawyers, and once they have received this, you will be invited to pick up the keys from the Estate Agents and move into your new home. Usually this happens between 1 and 3pm.
Last month we had a mortgage agreed in principle with Barclays. Pimlico conveyancing solicitors are chosen. How long does it take for Barclays to issue the offer to the conveyancing practitioner?
There is no definitive answer here. Have Barclays done the valuation? Have you advised Barclays as to your lawyers' details and checked that your lawyers are on the Barclays conveyancing panel? Sometimes it can take as long as six weeks for a mortgage offer to be issued.
I am buying a new build house in Pimlico with a loan from TSB. The builders refused to budge the price so I negotiated 6k of additionals instead. The house builders rep suggested that I not disclose to my solicitor about the side-deal as it will put at risk my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a property I put an offer in a fortnight ago in what was supposed to be a straight forward, no chain conveyancing. Pimlico is where the house is located. What do you suggest?
Flying freeholds in Pimlico are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Pimlico you must be sure that your lawyer goes 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 Pimlico may decide 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 residence.
I am hoping to put an offer on a small detached house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have since been informed that the title is leasehold as opposed to freehold. I would have thought that there are particular concerns purchasing a house with a leasehold title in Pimlico. Conveyancing advisers have are soon to be instructed. Will they explain the issues?
The majority of houses in Pimlico are freehold rather than leasehold. In this scenario it’s worth having a local solicitor who is familiar with the area who can help the conveyancing process. it is apparent that you are purchasing in Pimlico so you should seriously consider looking for a Pimlico conveyancing practitioner and check that they have experience in transacting on leasehold houses. First you will need to check the unexpired lease term. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the freeholder’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the property is located on an estate. Your conveyancer will appraise you on the various issues.
After months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Pimlico. Can we issue an application to the Residential Property Tribunal Service?
in cases where there is a missing freeholder or if there is disagreement about what the lease extension should cost, under the relevant statutes it is possible to make an application to the First-tier Tribunal (Property Chamber) to decide the price payable.
An example of a Lease Extension decision for a Pimlico premises is Flats 12A & 19, Evelyn Mansions Carlisle Place in June 2009. The Tribunal held that the price to be paid for the new lease of Flat 12A is £168,824, For the other flat the price was set at £169,110 This case affected 2 flats. The unexpired residue of the current lease was 56 years.