I hired a local lawyer for our conveyancing in Limehouse recently. Going through the Ts and Cs I seeI am liable for costs even if the dealfalls through. Should I ditch them and use a web based conveyancing brokerage promoting no completion no charge conveyancing in Limehouse?
Generally there is a concession along the lines that if "No Sale No Fee" is advertised then the conveyancing charges will generally be uplifted to neutralise those cases that abort. You should be mindful that these deals generally do not cover expenses for example Limehouse conveyancing search costs.
Can you explain why leasehold purchase conveyancing in Limehouse costs more?
Limehouse leasehold conveyancing transactions usually involve additional investigations than freeholds including investigating the Lease, liaising with the Landlord such as serving relevant notices on the Landlord or managing agent, obtaining up-to-date service charge and management information, obtaining Landlord’s consents and reviewing management accounts and formation documents.
I used Stirling Law a few years past for my conveyancing in Limehouse. I now require my papers however the law firm is no longer operating. What do I do?
You should contact the Solicitors Regulatory Authority (SRA) to assist in tracking down your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Limehouse of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I am looking for a flat up to £305k and found one close by in Limehouse I like with a park and station nearby, however it only has 61 years unexpired on the lease. There is not much else in Limehouse suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you require a mortgage that many years may be a potential deal breaker. Discount the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this matter.
Should I be suspicious about estate agents that I am dealing with are encouraging me to use a national conveyancing firm rather than a High Street Limehouse conveyancing company?
As is the case with many professional services, often recommendations from relatives can be extremely useful or valuable. Nevertheless there are many parties with a keen interest in a conveyancing transaction; estate agents, mortgage brokers and lenders may recommend lawyers to retain. On occasion these solicitors might be known to one of the organisations as one of the best in their field, but occasionally there exists a financial incentive behind the recommendation. You are free to choose your own lawyer. You need to be aware that most mortgage providers specify a panel list of law firms you are obliged to use for the lender aspect of your house move.