I am buying a house mortgage free in Covent Garden. I have been living for the last 20 years in Covent Garden. Conveyancing searches are expensive. As I know the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?

If you not getting a home loan, then the vast majority of the Covent Garden conveyancing searches are at your discretion. Your lawyer will ’encourage you, perhaps strongly, that you should have searches carried out, but she has a professional duty to take that path of encouragement . One thing to bear in mind; if you are likely to sell the house at a future date, it may be of interest to your prospective purchaser what the searches disclose. Sometimes premises with functional issues can still show up negative search results. A competent conveyancing solicitor in Covent Garden will be able to give you some constructive guidance concerning this.

Do I select a Licenced Conveyancer or Solicitor for conveyancing in Covent Garden?

There are two types of lawyers who can carry out conveyancing in Covent Garden namely licenced conveyancers or solicitors. Both professionals handle the legal services that you need to complete the disposal or purchase of property. They are both obliged to perform Covent Garden conveyancing on similar standards and guidelines so you may be sure that your conveyancing will be properly administered and that all requirements and steps should be accurately taken.

We are getting the release of further funds on our home loan from UBS as we wish to carry out improvements to our house in Covent Garden. Do we need to choose a nearby Covent Garden solicitor on the UBS conveyancing panel to handle the legals?

UBS would not normally require firms on their conveyancing panel to deal with such a matter. If they do require any legal work then you would need to ensure that such a lawyer was on the UBS panel.

I have instructed a Covent Garden conveyancing practitioner having made sure that they are on the Yorkshire BS conveyancing panel. Does my lawyer arrange the survey of the property?

Yorkshire BS will need an independent valuation of the property. Your lawyer will not arrange this. Usually Yorkshire BS will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. Your property lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Covent Garden postcode. As you are getting a mortgage with Yorkshire BS, you could contact them to see if they have a list of approved surveyors in Covent Garden.

Should my conveyancer be raising questions concerning flooding as part of the conveyancing in Covent Garden.

The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Covent Garden. There are those who purchase a house in Covent Garden, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, where a house is at risk of flooding, it may be difficult to get a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.

Lawyers are not qualified to impart advice on flood risk, however there are a number of checks that may be undertaken by the buyer or by their conveyancers which will figure out the risks in Covent Garden. The standard completed inquiry forms sent to a buyer’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the owner to discover whether the property has historically flooded. If flooding has previously occurred and is not notified by the seller, then a buyer may issue a legal claim for losses stemming from an misleading answer. The purchaser’s solicitors should also order an enviro report. This will higlight whether there is any known flood risk. If so, more detailed investigations will need to be conducted.

Is there anything unique about your site and other web based conveyancing brokers when it comes to conveyancing in Covent Garden?

At this site obtain a fixed fee costs illustration from a Solicitor or Licensed Conveyancer that has a full understanding of the nuances of your conveyancing in Covent Garden. As opposed to estate agents and many comparison sites we do not operate commission deals with solicitors. A large number of agents and online brokers 'recommend' solicitors that pays the highest commission, rather than the best value conveyancing in Covent Garden

Can you offer any advice when it comes to choosing a Covent Garden conveyancing practice to deal with our lease extension?

If you are instructing a conveyancer for lease extension works (regardless if they are a Covent Garden conveyancing practice) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you talk with several firms including non Covent Garden 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:

What are the charges for lease extension conveyancing? How many lease extensions has the firm carried out in Covent Garden in the last twenty four months?

I have attempted and failed to negotiate with my landlord for a lease extension without getting anywhere. Can a leaseholder apply to the Leasehold Valuation Tribunal? Can you recommend a Covent Garden conveyancing firm to represent me?

Most definitely. We are happy to put you in touch with a Covent Garden conveyancing firm who can help.

An example of a Freehold Enfranchisement matter before the tribunal for a Covent Garden premises is 20 Avonwick Road in July 2013. The Tribunal was dealing with an application under Section 26 of the Leasehold Reform Housing and Urban Development Act 1993 for a determination of the freehold value of the property. It was concluded that the price to be paid was Fifteen Thousand Nine Hundred and Seventy (£15,970) divided as to £8,200 for Flat 20 and £7,770 for Flat 20A This case was in relation to 1 flat. The unexpired term as at the valuation date was 73.26 years.