Just contacted my conveyancing lawyer in South Kensington who completed the legal work 18 months ago and wanted a conveyancing quote based on the same type of house move (a leasehold premises and a freehold premises) of similar values with a loan from Accord Mortgages Ltd. I am now being quoted twice the amount. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The estimate does seem a little steep. If you you were to look around you may be able to get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, if you were pleased with the service the firm gave you maylive to regret choosing an a cheaper lawyer. Remember to check that the solicitor can represent Accord Mortgages Ltd. You can use our search tool to get a quote a South Kensington conveyancing firm on the Accord Mortgages Ltd conveyancing panel, which can often include conveyancing solicitors in South Kensington.
Do the conveyancing solicitors via your comparison service handle attended exchange conveyancing in South Kensington?
There are a few conveyancing specialists carrying out 24hr exchanges. Do contact us to obtain a conveyancing quote and details as to dates.
Do commercial conveyancing searches disclose proposed roadworks that could impact a commercial property in South Kensington?
Many commercial conveyancing solicitors in South Kensington will carry out a SiteSolutions Highways report as it dramatically cuts the time that conveyancers invest in sourcing accurate data on highways that impact buildings and development assets in South Kensington. The report provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in South Kensington.
For each commercial conveyancing transaction in South Kensington it is critical to investigate the adoption status of roads surrounding a site. Failure to identify developments where adoption procedures have not been addressed adequately may result in delays to South Kensington commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in South Kensington.
I am looking for a flat up to £245,000 and identified one near me in South Kensington I like with a park and transport links in the vicinity, however it only has 49 remaining years left on the lease. I can't really find anything else in South Kensington suitable, so just wondered if I would be making a mistake buying a lease with such few years left?
If you require a home loan the shortness of the lease may be a potential deal breaker. Reduce the price by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
Having checked my lease I have discovered that there are only Seventy years unexpired on my flat in South Kensington. I now wish to get lease extension but my freeholder is missing. What options are available to me?
If you meet the appropriate requirements, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. However, you will be required to demonstrate that you or your lawyers have done all that could be expected to track down the lessor. On the whole an enquiry agent would be helpful to conduct investigations and to produce a report which can be used as proof that the landlord is indeed missing. It is advisable to get professional help from a solicitor both on investigating the landlord’s disappearance and the vesting order request to the County Court covering South Kensington.
I own a ground floor flat in South Kensington. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal make a decision on the premium payable for the purchase of the freehold?
Where there is a missing landlord or if there is dispute about what the lease extension should cost, under the relevant statutes you can apply to the Leasehold Valuation Tribunal to assess the sum to be paid.
An example of a Lease Extension matter before the tribunal for a South Kensington property is Flat 16 21/22 Stanhope Gardens in November 2010. the Leasehold Valuation Tribunal concluded that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993, was £106,975 This case was in relation to 1 flat. The number of years remaining on the existing lease(s) was 51.93 years.
Why can't I complete my conveyancing in South Kensington on Good Friday?
Because on completion the funds needs to pass between the banks of the buyer and owner’s conveyancing practitioner and at present this can only occur on a business day. It is not possible to complete on a weekend either.