We are selling our house in Chinatown. Does my lawyer have to be required to be on the Lloyds conveyancing panel in order to deal with redeeming my mortgage?

Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.

Do commercial conveyancing searches disclose planned roadworks that may impact a commercial site in Chinatown?

Its becoming the norm that commercial conveyancing solicitors in Chinatown will carry out a SiteSolutions Highways report as it reduces the time that conveyancers expend in researching accurate data on highways that impact buildings and development assets in Chinatown. The search result provides definitive data on the adoption status of roads, footpaths and verges, as well as the implication of traffic schemes and the rights of way surrounding a commercial development sites in Chinatown.

For every commercial conveyancing transaction in Chinatown it is critical to investigate the adoption status of roads surrounding a site. The absence of identifying developments where adoption procedures have not been addressed adequately may result in delays to Chinatown commercial conveyancing deals as well as pose a risk to future intentions for the site. These searches are not conducted for domestic conveyancing in Chinatown.

4 months have elapsed following my purchase conveyancing in Chinatown concluded. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?

The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.

What is different about your site and other internet conveyancing solicitors when it comes to conveyancing in Chinatown?

At this site receive a fixed fee costs illustration via a Solicitor or Licensed Conveyancer that has a full understanding of the issues for your conveyancing in Chinatown. Unlike many estate agents and many comparison sites we do not operate commission arrangements with solicitors. Many agents and online brokers 'recommend' the firm paying the highest per referral, as opposed to the best value conveyancing in Chinatown

What advice can you give us when it comes to finding a Chinatown conveyancing practice to carry out our lease extension conveyancing?

When appointing a conveyancer for lease extension works (regardless if they are a Chinatown conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of work. We advise that you make enquires with several firms including non Chinatown conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions might be of use:

If the firm is not ALEP accredited then what is the reason? What are the legal fees for lease extension conveyancing?

Following months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Chinatown. Can we issue an application to the Residential Property Tribunal Service?

Where there is a missing freeholder or if there is dispute about what the lease extension should cost, under the relevant legislation you can apply to the LVT to make a decision on the amount due.

An example of a Freehold Enfranchisement decision for a Chinatown property is 36 New Wanstead in August 2010. The Tribunal arrived at a valuation of the premium for the freehold of £22,359. This case was in relation to 2 flats. The unexpired residue of the current lease was 73.92 years.