Would the conveyancing solicitors listed on your site conduct auction conveyancing in London?
We know of a few auction solicitors we can connect you with those who can conduct auction conveyancing. London is just one of the many areas of in which our lawyers cover.
Why do I have to pay up front when it comes to conveyancing in London?
If you are buying a property in London your lawyer will ask you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. If any deposit is as part of the sale price then this should be asked for shortly in advance of exchange of contracts. Any further balance that is needed should be transferred shortly before completion.
I have been on the look out for a ground for flat up to £305k and found one round the corner in London I like with open areas and railway links in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in London for this price, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage the remaining unexpired lease term may be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this matter.