I am close to exchanging contracts on the sale of our property in Soho and the buyers lawyers are claiming that there is a possibility that the property was constructed land that was not decontaminated. Any high street Soho lawyer would know that there is no such problem. It does beg the question why the purchasers used an internet conveyancing firm rather than a conveyancing solicitor in Soho. Having lived in Soho for many years we know of no issue. Should we get in touch with our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing lawyer currently acting for you. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a simple, no chain conveyancing. Soho is where the house is located. Is there any advice you can impart?
Flying freeholds in Soho are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Soho 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 Soho 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 premises.
What does commercial conveyancing in Soho cover?
Non domestic conveyancing in Soho covers a broad array of guidance, supplied by regulated solicitors, relating to business premises. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.
As co-executor for the estate of my grandfather I am disposing of a residence in Swansea but I am based in Soho. My solicitor (approximately 300 miles awayrequires that I execute a statutory declaration before the transaction finalising. Could you suggest a conveyancing lawyer in Soho to attest and place their company stamp on the document?
strictly speaking you are unlikely to be required to have the documents attested by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are based in Soho
I've found a house that seems to be perfect, at a great price which is making it more attractive. I have subsequently been informed that the title is leasehold rather than freehold. I would have thought that there are issues purchasing a house with a leasehold title in Soho. Conveyancing lawyers have not yet been instructed. Will my lawyers set out the implications of buying a leasehold house in Soho ?
Most houses in Soho are freehold and not leasehold. This is one of the situations where having a local conveyancer used to dealing with such properties who can help the conveyancing process. it is apparent that you are purchasing in Soho so you should seriously consider shopping around for a Soho conveyancing practitioner and check that they have experience in dealing with leasehold houses. First you will need to check the number of years remaining. As a leaseholder you will not be at liberty to do whatever you want with the house. The lease will likely included provisions for example requiring the freeholder’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your lawyer should advise you fully on all the issues.
I am the registered owner of a ground-floor 1960’s flat in Soho. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the amount payable for a lease extension?
Most definitely. We can put you in touch with a Soho conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a Soho property 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 related to 1 flat. The unexpired term was 73.26 years.
Me and my husband are purchasing a leasehold property in Soho. Conveyancing estimates are coming in at around £1800. Is that in the right ballpark?
The average fee last year for conveyancing in Soho was £1,395 not including SDLT and HMLR charges.