My partner’s uncle is a property lawyer. I hope that I will receive friends and family rates for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Spitalfields?
It’s wise to seek 3 or more like-for-like conveyancing estimates. Make use of our search tool on this site. You will notice that fees will be different but the service one can expect differ between property lawyers as is the case with most professions.
We're in Spitalfields, FTBs buying with a mortgage (lender is Yorkshire BS , and our solicitor is on the Yorkshire BS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Yorkshire BS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no solicitor should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
I know that there are debates on Chancel Insurance on online forums. Am I compelled to have this when acquiring a house in Spitalfields? or Apparently there is an ancient law that means some house owners living in a parish church boundary may be liable to contribute towards repairs towards the chancel within the church. Is this applicable for conveyancing in Spitalfields?
Unless a prior purchase of the house completed post 12 October 2013 you could assume that solicitors handling conveyancing in Spitalfields to continue to suggest a chancel search and or chancel repair liability policy.
I am looking for a flat up to £235,500 and found one close by in Spitalfields I like with open areas and transport links nearby, however it only has 49 years unexpired on the lease. There is not much else in Spitalfields in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage that many years will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years 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 regarding this matter.
I am four weeks into a leasehold purchase having been referred to a firm by the local agent to execute conveyancing in Spitalfields. I am not happy. Could you you assist me in finding new solicitors?
They would need to be really bad in order to consider changing them. Has the mortgage been issued? If so you must advise them of the new contact details and get the offer are re-issued. Your new conveyancer needs to be on the mortgage company panel to avoid added fees and delays. That should be your first question of the new solicitors. Our find a solicitor tool will assist you in finding a lender approved lawyer for your conveyancing in Spitalfields