We were about to instruct a conveyancing solicitor in Park Royal recommended on your site but have come across alternative quotes via the web appear less expensive – why is this?
There are many firms of solicitors marketing what appear to be very low prices. You should think long and hard as to how much you respect your own move to you are willing to take 'cheap' risks over the standard of the legal work. Many of them highlight a cheap fee as a headline but bury extra costs in the small print..
It is 10 years ago since I bought my property in Park Royal. Conveyancing lawyers have just been appointed on the sale but I am unable to find the title deeds. Is this a major issue?
Don’t worry too much. Firstly there is a possibility that the deeds will be retained by the mortgage company or they could stored with the conveyancers who acted in the purchase. Secondly the likelihood is that the title will be recorded at the land registry and you will be able to prove you own the property by your conveyancing lawyers acquiring current official copies of the land registers. Nearly all conveyancing in Park Royal involves registered property but in the rare situation where your property is unregistered it adds to the complexity but is not insurmountable.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one round the corner in Park Royal I like with amenity areas and transport links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Park Royal suitable, so just wondered if I would be making a mistake acquiring a short lease?
If you need a home loan the remaining unexpired lease term will likely be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer about this matter.
What does commercial conveyancing in Park Royal cover?
Commercial conveyancing in Park Royal covers a broad array of guidance, given by regulated solicitors, relating to business property. By way of example, this area of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the assignment of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of tenancies.
Should I choose a Park Royal conveyancing solicitor based in the location that I am purchasing? An old friend can handle the legal formalities however her office is approximately 350kilometers away.
The benefit of a local Park Royal conveyancing firm is that you can visit the firm to execute paperwork, deliver your identification documents and pester them where appropriate. Having local Park Royal know how is a benefit. That being said nothing is more important than finding someone that will do a good and efficient job. If if people you trust used your friend and the majority were impressed that must outweigh using an unknown Park Royal conveyancing solicitor solely due to them being round the corner.