My best friend’s uncle is a solicitor. I hope that I will be offered mate’s fee for conveyancing, but if not, what kind of costs would I typically be looking at for conveyancing in New Covent Garden?
It’s advisable to obtain two or three conveyancing quotes. Make use of our comparison tool on this site. You will notice that amounts do contrast greatly but service levels do are distinct between solicitors as is true with the vast majority of professional services.
Our god-son is in the process of securing a new build apartment in New Covent Garden with a mortgage from Nottingham. His lawyer has advised him of a delay in completing the ‘Disclosure of Incentive Form’. What is this document - I have never come across this before?
The document is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Nottingham conveyancing panel as a standard part of the process, and to the valuer when asked. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Nottingham conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. New Covent Garden is where the house is located. Can you shed any light on this issue?
Flying freeholds in New Covent Garden are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside New Covent Garden you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in New Covent Garden may determine 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 residence.
I have been pointed in your direction by a few property agents in New Covent Garden to get a quote from a conveyancer on your site. Is there a financial inducement for Estate Agents to recommend your lawyers over and above alternative conveyancing organisations?
We don’t offer any referral fee for sending work our way. We found it would be just too difficult a fee as members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I would like to rent out my leasehold apartment in New Covent Garden. Conveyancing solicitor who did the purchase is retired - so can't ask him. Is permission from the freeholder required?
Some leases for properties in New Covent Garden do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably refuse but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I inherited a leasehold flat in New Covent Garden, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar flats in New Covent Garden with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 per annum. The lease ceases on 21st October 2080
With 56 years left to run we estimate the price of your lease extension to range between £29,500 and £34,000 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.