Finally, a loan agreement from Santander for the refinancing of my 3 bedroom maisonette is to be issued imminently. Could you propose a cheap conveyancing solicitor in Hyde Park?

You have come to the wrong site to search for the lowest fares for conveyancing in Hyde Park. We can offer you value for money conveyancing but our intention is not to work with the cheapest lawyers. Do not be swayed by brokers offering the bait of £99 conveyancing in Hyde Park. Optimistically, in deciding on cheap conveyancing, you will end up with what you pay for and at worst it will result in you being stung for extras and still not receive the service you were hoping for.

My husband and I are only a couple days away from an exchange on a flat in Hyde Park and my parents have transferred the 10% deposit to my solicitor. I am now informed that as the deposit has not come from me my property lawyer needs to disclose this to my mortgage company. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I advised the bank concerning my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?

The lawyer is duty bound to check with lender to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only reveal this to your lender if you agree, failing which, your lawyer must cease to continue acting.

Are there restrictive covenants that are commonly identified as part of conveyancing in Hyde Park?

Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Hyde Park. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’

Due to sign contracts shortly on a garden flat in Hyde Park. Conveyancing solicitors have said that they report fully on Monday. Are there areas in the report that I should be focusing on?

Your report on title for your leasehold conveyancing in Hyde Park should include some of the following:

The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. It needs to be made clear to you if the lease allows you to alter or upgrade anything in the property- you must know whether any restrictions relates to all alterations or just structural alteration, and whether consent is mandated necessary What you can do if another tenant in the building breaches a clause of their lease? Defining your legal entitlements in relation to the communal areas in the block.For example, does the lease include a right of way over an accessway or hallways?

I purchased a split level flat in Hyde Park, conveyancing was carried out 8 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Hyde Park with a long lease are worth £190,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease runs out on 21st October 2087

With only 62 years left to run we estimate the price of your lease extension to span between £17,100 and £19,800 plus legals.

The figure that we have given is a general guide to costs for renewing a lease, but we are not able to supply the actual costs in the absence of detailed investigations. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.

At what point do I cover the costs of stamp duty due for my Hyde Park house purchase?

Most solicitors will fill out a Land Transaction Return Form for you as part of your Hyde Park conveyancing transaction for you to sign. On completion your conveyancing practitioner will submit your Land Transaction application to the Tax Authorities and - as long as they have the funds - settle any Stamp Duty liability on your behalf.