AssumingI was to acquire a freehold housein Brompton for cash and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Brompton?
The sole reduction in fees you would make on is the disbursement for searches. Your property lawyer still got to do everything else - money laundering, liaising with your vendors conveyancer, stamp duty submission, register the property etc. A slight saving might be made by not having to register a charge but it will not be a lot.
Do conveyancers ask for money on account for conveyancing in Brompton?
Where you are retaining lawyers for conveyancing in Brompton your solicitor will ask you place them with funds to cover the the cost of the conveyancing searches. Ordinarily this is requested to cover the fees of the conveyancing searches. When the down payment is payable against the sale price then this will be needed immediately in advance of contracts are exchanged. Any further balance that is due should be transferred shortly before completion.
The Brompton conveyancing solicitors that I recently instructed on my house acquisition in Brompton have suddenly closed. I only went with them because I had to have a lawyer on the Bank of Ireland conveyancing panel and my previous Brompton lawyer was not. I paid them funds on account. What are my options?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Bank of Ireland conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
How do I search for a Brompton solicitor on the TSB conveyancing panel? I drive a motor bike and am happy to travel upto 20miles to meet the solicitor.
Feel free to make use of the tool on this page. Please select a lender and your location and you will see a number of Brompton conveyancing lawyers located nearest you. We have detailed some Brompton conveyancing firms at the bottom of this page and you can call them to see if they are on the TSB approved list
I am in need of some leasehold conveyancing in Brompton. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Brompton - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I have tried to negotiate informally with with my landlord for a lease extension without any joy. Can I apply to the Leasehold Valuation Tribunal? Can you recommend a Brompton conveyancing firm to assist?
Where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to determine the price payable.
An example of a Lease Extension matter before the tribunal for a Brompton property is Flat 3 47 Cadogan Square in December 2010. the Tribunal determined that the premium payable to the landord by the leaseholder for the lease extension was £732,935 This case related to 1 flat. The unexpired lease term was 13.33 years.