Please explain the implications if my lawyer’s firm is expelled from the Barclays Conveyancing panel ahead of completing my conveyancing in Westerham?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
Do I need to take out insurance to cover chancel repairs when buying a house in Westerham?
Unless a previous acquisition of the property completed post 12 October 2013 you could expect conveyancing practitioners carrying out conveyancing in Westerham to continue to propose a a chancel search and or insurance against a claim.
2 months have gone by since my purchase conveyancing in Westerham concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
My business partner and I are planning to take an assignment of a lease of an office on the high street. Can you recommend lawyers offering no-move-no fees for commercial conveyancing in Westerham for below £2000?
We can recommend firms who have an in-depth of experience of commercial conveyancing in Westerham, including the sale and acquisition of businesses as well as simply property. Whether you are intending to acquire or sell a shop, pub, restaurant, office, retail premises or a complete business we will put you in touch with the right lawyer. As for the costs this will depend on the structure and complexity of the deal. Please provide us with your contact information or email us so that we may supply you with comprehensive commercial conveyancing quote.
I am looking at a couple of flats in Westerham both have in the region of forty five years left on the lease term. Should I regard a short lease as a deal breaker?
A lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease gets shorter the saleability of the lease deteriorates and it becomes more expensive to extend the lease. For this reason it is often a good idea to increase the term of the lease. More often than not it is difficulties arise selling premises with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a protracted process. We advise that you seek professional help from a solicitor and surveyor with experience in this area.
I invested in buying a 2 bed flat in Westerham, conveyancing was carried out half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Westerham with an extended lease are worth £265,000. The ground rent is £50 levied per year. The lease expires on 21st October 2100
With 75 years remaining on your lease the likely cost is going to span between £8,600 and £9,800 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
I am planning to acquire a house and need a conveyancing solicitor in Westerham who is on the lender conveyancing panel. Can you recommend a Westerham or local Westerham solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for the bank who do conveyancing in Westerham. We dont recommend any particular firm.