Finally, a mortgage offer from HSBC for the refinancing of my 2 bedroom maisonette is coming within the next few days. Could you suggest a low cost conveyancing practitioner in Shepherd's Bush?
You are on the wrong site if you are in need of cut-price fees for conveyancing solicitors in Shepherd's Bush. Our goal is to offer affordable conveyancing but our intention is not to work with the cheapest lawyers. Resist the temptation to appoint organisations offering £100 conveyancing in Shepherd's Bush. In your best case scenario, in deciding on cheap conveyancing, you will get your money’s worth and at worst you will end up with a surprising uplift in additional fees and still not end up with the service expected.
I am the registered owner of a freehold residence in Shepherd's Bush but still charged rent, why is this and what is this?
It’s unusual for properties in Shepherd's Bush and has limited impact for conveyancing in Shepherd's Bush but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
I own a terraced Edwardian property in Shepherd's Bush. Conveyancing practitioner acted for me and Bank of Scotland. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, the second leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Shepherd's Bush and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also question the situation with your conveyancing lawyer who conducted the work.
How does conveyancing in Shepherd's Bush differ for newly converted properties?
Most buyers of new build or newly converted property in Shepherd's Bush come to us having been asked by the developer to sign contracts and commit to the purchase even before the house is completed. This is because house builders in Shepherd's Bush tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Shepherd's Bush or who has acted in the same development.
Due to the encouragement of my in-laws I had a survey completed on a property in Shepherd's Bush before appointing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some banks tend not issue a loan on such a home.
It varies from the lender to lender. Santander has different instructions from Birmingham Midshires. If you call us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Shepherd's Bush. Conveyancing may be slightly more expensive based on your lender's requirements.