Having been referred to your site we were about to use a conveyancing solicitor in Stepney listed on your site but have come across some other fee calculations via the web appear less pricey – how come?
There are many firms of conveyancing organisations offering at first sight what seems to be cut price. You should think long and hard about how important this transaction is to you that you are willing to take 'cheap' risks in relation to the quality of the conveyancing. Some embed fees deep into the terms of business. The law firms that we list for conveyancing in Stepney neverdo this.
I am need of leasehold conveyancing for a flat in a relatively new development (seven years old) in Stepney. The vast majority the flats are already occupied. Do I need carry out the local searches for my conveyancing in Stepney?
You would be taking a significant risk in failing carrying out Stepney conveyancing searches. Without searches you have no clarity over flooding, environmental etc which may mean you walk away due to potential problems down the line. If you are buying without a mortgage there is no legal requirement to have them, but we would strongly advise in no uncertain terms that your solicitor conducts them. If accelerating the process and driving down costs are primary issues you should discuss with your solicitor about the options such as contingency insurance available to you
A relative advised me that in purchasing a property in Stepney there could be a number of restrictions preventing external alterations to a property. Is this right?
There are anumerous of properties in Stepney which have some sort of restriction or requirement of consent to external variations. Part of the conveyancing in Stepney should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We are purchasing a 4 bedroom semi-detached house in Stepney. Our aim is to carry out an extension to the side at the property.Will legal work on the property involve investigations to ascertain if these alterations were previously refused?
Your solicitor should review the registered title as conveyancing in Stepney will sometimes identify restrictions in the title documents which restrict certain works or require the consent of another owner. Certain extensions require local authority planning consent and approval in accordance building regulations. Some areas are designated conservation areas and special planning restrictions apply which frequently prevent or impact extensions. You should check these issues with a surveyor before you commit yourself to a purchase.
When it comes to mortgage companies such as Coventry BS, do Stepney lawyers incur an annual charge to be on the conveyancing panel?
We are unaware of any lender fees to be on their list of approved firms, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
I am looking for a leasehold apartment up to £245,000 and identified one near me in Stepney I like with open areas and transport links in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Stepney for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage that many years may be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing proprietor has owned the property for a minimum of twenty four months you could ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
When it comes to my conveyancing in Stepney should I be charged VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee
(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Stepney conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the property lawyer's time in submitting the funds this way.