Our family lawyer has quoted £1400 for fixed fee conveyancing in South Hackney. I am selling a Victorian property for £125,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in South Hackney?
The estimate does seem marginally overpriced. Where you are content to expend time scrutinising prices you might reduce the fees marginally by perhaps a hundred pounds. That being said, you mightlive to regret opting for an a cheaper conveyancer. Don't forget to ensure that the solicitor can also act for your bank. You can make use of our comparison tool to find a South Hackney conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in South Hackney.
Should conveyancers ask for money up-front for my conveyancing in South Hackney?
Where you are retaining lawyers for conveyancing in South Hackney your solicitor will request that you to provide them with monies to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the deposit is payable against the purchase price then this will be required shortly prior to exchange of contracts. The final balance that is due will be payable a few days ahead of the day of completion.
What can a local search tell me concerning the house we're purchasing in South Hackney?
South Hackney conveyancing often starts with the applying for local authority searches directly from your local Authority or through a personal search company for example Searchflow The local search plays a central part in many a South Hackney conveyancing purchase; as long as you don’t want any nasty once you have moved into your new home. The search will reveal information on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 topic sections.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in a fortnight ago in what should have been a straight forward, no chain conveyancing. South Hackney is the location of the property. Is there any advice you can give?
Flying freeholds in South Hackney are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in South Hackney you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in South Hackney may ascertain 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'm refinancing my primary property to a BTL mortgage with TSB and intend to use the remaining equity as a deposit on another house. The location we are interested in is South Hackney. Will your conveyancers be able to act for both sets of banks and link together the two deals?
Do use our search tool on this page to check that the lawyers are approved by both lenders. Having checked that they are your lawyer will be able to tie up the two conveyancing matters but you should have a chat with you solicitor and make apparent your desired outcome and requirements.
What advice can you give us when it comes to appointing a South Hackney conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for lease extension works (regardless if they are a South Hackney conveyancing practice) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you speak with several firms including non South Hackney conveyancing practices before you instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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If they are not ALEP accredited then why not?
After years of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in South Hackney. Does the Leasehold Valuation Tribunal have jurisdiction to calculate the appropriate figures?
You certainly can. We are happy to put you in touch with a South Hackney conveyancing firm who can help.
An example of a Freehold Enfranchisement case for a South Hackney residence is 150 Amhurst Road in December 2013. The tribunal concluded that the premium to be paid by the applicant for the enfranchisement of the subject property was £43,500. This case was in relation to 4 flats. The number of years remaining on the existing lease(s) was 90 (or thereabouts).