Recently contacted my conveyancing lawyer in West London who acted for me 18 months ago asking for a conveyancing estimate based on the same type of house sale & purchase (a leasehold property and a freehold property) of almost identical values with a loan from Bank of Scotland. I am now being charged double. Should I hunt for a cheaper internet property lawyer?
The charges seem a little high. Where you are happy to invest time scrutinising quotes you might decrease the fees slightly by as much as £125. That being said, providing that you were content with the legal work the firm provided you maylive to rue choosing an an unknown solicitor. If is important to be sure the solicitor can act for Bank of Scotland. You can employ our search tool to select a West London conveyancing firm on the Bank of Scotland approved list of lawyers, which can often include conveyancing solicitors in West London.
Can you vouch for a Birmingham Midshires accepted West London conveyancing solicitor that can complete within a very limited time frame? Am I best advised to go for a high street West London solicitor or a web based comparison site?
We can recommend some very good West London conveyancing firms. You can also walk up the main road in West London. Approach some well established firms and request to see a conveyancing solicitor for a fee estimate. Mention your deadline together with the reasons and get an assurance on speed. Choose the one that genuine.
Finally the sale completed on my house in West London last August yet the purchaser is whats apping me complaining that their solicitor needs to hear from myconveyancer. What are the post completion sale legalities now that I have sold?
Post completion of your house sale your lawyer should deliver the transfer documentation and all supplemental paperwork to the purchaser's lawyers. If applicable, your conveyancer must also confirm that the home loan has been redeemed to the purchasers lawyers. There are no post completion procedures peculiar conveyancing in West London.
I have been on the look out for a leasehold apartment up to £245,000 and identified one close by in West London I like with open areas and station in the vicinity, however it only has 52 remaining years left on the lease. I can't really find anything else in West London for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will be an issue. Discount the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this.
We own a leasehold flat in West London. Conveyancing was finalised in 2009. I have heard that I mustn’t allow the the remaining lease term to fall too low. What is the reasoning?
West London leasehold properties are for a set term - usually ninety nine years when they commenced. However a significant appartments in West London were constructed or converted in the 60’s and so such leases now have less than eighty years unexpired. That may sound like a long time but Banks, Building Societies and other mortgage institutions tend to need leases to have at least 75 years left to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are getting close to seventy five years. To increase the marketability of your property you should be thinking about whether or not to extend your lease long before you come to sell it. You should note that there are strong financial reasons to doing so before the lease hits 80 years as when the lease is less than 80 years the premium you have to pay to extend starts to get a lot more expensive.