My family lawyer has sent a quote for £1150 for fixed fee conveyancing in Northwick Park. I am selling a purpose built detached home for £250,000. This appears over the top. Is it in excess of what I should be paying for conveyancing in Northwick Park?
The estimate does seem a tad steep. If you are content to invest time contrasting prices you might get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, you mightcome to regret opting for an an untested lawyer. Don't forget to enquire that the conveyancer can represent your lender. Do use our search tool to select a Northwick Park conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Northwick Park.
My partner and I have organised a further advance on our home loan from Aldermore as we want to carry out alterations to our property in Northwick Park. Are we obliged to appoint a local Northwick Park solicitor on the Aldermore conveyancing panel to deal with the paperwork?
Aldermore do not ordinarily instruct firms on their conveyancing panel to handle the formalities. If they do require any legal work then you would need to ensure that such a lawyer was on the Aldermore conveyancing panel.
I am buying a property in Northwick Park. One unusual aspect is that the roof has a solar panel. Bank of Ireland have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As your lender is Bank of Ireland your lawyer must follow the formal instructions set out in Part two of UK Finance Lenders’ Handbook for Bank of Ireland. The CML Handbook contains minimum specifications for solar panel roof-space leases, and conveyancing practitioners are required to report to Bank of Ireland where a lease fails to meet these provisions. The conditions relate to the installation of panels on properties in England and Wales and is not restricted to Northwick Park.
Our offer on a semi in Northwick Park has been agreed to, but there is a chain. The vendors have placed an offer on a property, however it’s not yet tied up, and are looking at other flats in the pipeline. I have instructed a bricks and mortar conveyancing solicitor in Northwick Park. What do I do now? When do I get the mortgage application with Barclays started?
It is normal to have concerns where there is a chain as you are unlikely to want to incur expenses too early (home loan application is approx one thousand pounds, then valuation, Northwick Park conveyancing search fees, etc). First, you must ensure that your property lawyer is on the Barclays conveyancing panel. Concerning the subsequent steps this very much depends on the uniqueness of your transaction, motivation for this property and on the state of the market. During a rising market many home buyers would apply for a home loan with Barclays and pay for the valuation and only if it was satisfactory would they ask their conveyancing practitioner to press on with the conveyancing in Northwick Park.
I need some fast conveyancing in Northwick Park as I am faced with pressure to exchange contracts inside 2 weeks. Fortunately I do not need a mortgage. Can I avoid the conveyancing searches to save money and time?
As you are are a mortgage free purchaser you have the choice not to have searches conducted although no law firm would advise that you don't. With lots of history conveyancing in Northwick Park the following are instances of what can show up and adversely affect the marketability of the property: Refused Planning Applications, Overdue Charges, Overdue Grants, Road Schemes,...
I am attracted to a couple of maisonettes in Northwick Park which have in the region of 50 years remaining on the lease term. should I be concerned?
A lease is a legal document that entitles you to use the premises for a prescribed time frame. As the lease gets shorter the marketability of the lease deteriorates and results in it becoming more costly to extend the lease. For this reason it is advisable to extend the lease term. More often than not it is difficult to sell a property with a short lease as mortgage companies may be reluctant to lend money on properties of this type. Lease extension can be a protracted process. We advise that you seek professional assistance from a solicitor and surveyor with experience in this area.
I am the leaseholder of a two-bedroom flat in Northwick Park. Given that I can not reach agreement with the landlord, can the Leasehold valuation Tribunal determine the premium payable for a lease extension?
if there is a missing freeholder or where there is dispute about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to make a decision on the amount due.
An example of a Lease Extension matter before the tribunal for a Northwick Park flat is Ground Floor Flat 17 Frognal Avenue in April 2012. the Tribunal agreed that a value of £160,000 for the extended lease was appropriate. This case related to 1 flat. The unexpired term was 61.66 years.
New build sellers have put forward a lawyer and I've obtained a quote from them. It's almost two hundred pounds cheaper than my family Northwick Park solicitor. Should I use them?
Housebuilders normally have panels of lawyers who expedite matters and who know the seller’s paperwork and property lawyer. As many developers offer an inducement to use a preferred property lawyer for this reason, any increased cost can be avoided and a builder will not recommend a conveyancing factory and run the risk of having the transaction stall when they want exchange inside a month. The argument for not opting for the suggested lawyer is that they may prove unwilling to 'push' your interests for fear of alienating the sellers. If you worry that this may be the case you should keep with your local Northwick Park lawyer.