Our family solicitor has sent a quote for £995 for no sale no fee conveyancing in Tower Hill. I am looking to sell a Edwardian detached home for £225,000. Are these estimated fees excessive? Is it above what I should be paying for conveyancing in Tower Hill?

The charges are a tad high. If you shop around you may be able to get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you couldlive to rue choosing an an untested solicitor. If is important to be sure that the firm can represent your bank. Do employ our comparison tool to locate a Tower Hill conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Tower Hill.

Can conveyancing in Tower Hill to be completed inside a month?

First, If the seller is applying pressure to sign contracts we would recommend that your lawyer is familiar with the area as they will benefit local contacts and knowledge. It is even conceivable that they could have handled otherhouses in the same road. Therefore consider using a Tower Hill conveyancing solicitor. In addition, be sure that the lawyer is on the lender panel. It is believed that nearly one in five of Tower Hill conveyancing deals are suspended or derailed after finding out that a buyer’s solicitor was not on their banks panel. In many cases this discovery resulted in the legal process being delayed by an average of three weeks. It is said that this issue impacts approximately 100,000 home sales annually. Almost all Tower Hill conveyancing firms can not act for certain banks so do check as early as possible.

This question may be naive but I am unseasoned as a first time buyer of a garden flat in Tower Hill. Do I pick up the keys to the premises on completion from my lawyer? If this is the case, I will appoint a High Street conveyancing solicitor in Tower Hill?

On the day of completion you do not need to attend the conveyancers office in Tower Hill. Your solicitors will electronically transfer the purchase money to the seller's conveyancers, and shortly after the monies have arrived, you will be called to receive the keys from the Estate Agents and move into your new home. Usually this occurs between 1 and 3pm.

Are all Tower Hill Conveyancing Quality Solicitors on the Kent Reliance conveyancing panel?

Some major banks and building societies now use CQS as the kick off point for Panel membership such as HSBC and Santander. CQS membership however gives no guarantee to lender panel acceptance. That being said,the Council of Mortgage Lenders have indicated that it is likely to become a pre-requisite for solicitors wishing to remain on their approved list of conveyancing solicitors.

HSBC have agreed my home loan in principle, my bid on a flat in Tower Hill has been accepted, what happens next?

Your estate agent will need to know who your solicitors are (make sure the solicitors are on the bank’s panel). Telephone HSBC or the broker and finalise any relevant paperwork. HSBC will appoint a valuer who will get in touch with the selling agent or owners to arrange a time for the valuation to take place. Once conducted (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. HSBC will send the offer to you and your solicitors. The transaction will then take it’s course according the nature and complexity of the conveyancing in Tower Hill.

I am hoping to put an offer on a small detached house that seems to tick a lot of boxes, at a great figure which is making it all the more appealing. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are particular concerns purchasing a house with a leasehold title in Tower Hill. Conveyancing lawyers have not yet been instructed. Will they explain the issues?

The majority of houses in Tower Hill are freehold and not leasehold. In this scenario it’s worth having a local solicitor used to dealing with such properties who can help the conveyancing process. We note that you are purchasing in Tower Hill so you should seriously consider looking for a Tower Hill conveyancing solicitor and check that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. As a lessee you will not be at liberty to do whatever you want with the house. The lease comes with conditions for example requiring the landlord’spermission to conduct changes to the property. It may be necessary to pay a contribution towards the upkeep of the estate where the house is part of an estate. Your solicitor will appraise you on the various issues.

I am the proprietor of a a ground floor purpose built flat in Tower Hill. In the absence of agreement between myself and the landlord, can the Leasehold valuation Tribunal make a decision on the amount payable for the purchase of the freehold?

if there is a missing landlord or if there is dispute about the premium for a lease extension, under the relevant statutes you can apply to the LVT to decide the price payable.

An example of a Freehold Enfranchisement matter before the tribunal for a Tower Hill residence is 1-41 Royal Tower Lodge 40 Cartwright Street in April 2013. the tribunal adding the agreed value of capitalised ground rents and the reversion the price to be paid for the freehold was £1,187,000 This case was in relation to 41 flats. The unexpired term was 107 years.

What do I do if I am not happy with the property lawyer who did our conveyancing in Tower Hill?

Occasionally the level of service you receive is not as you expect, and unfortunately occasionally things do go wrong. However there is recourse where you were unhappy with your conveyancing in Tower Hill. This varies from trying to resolve matters directly with them, through to reporting a property lawyer to their governing body. If you remain dissatisfied you may consider enlisting the help of the Legal Ombudsman.