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Conveyancing in Maida Vale Q & A's

Profile photo of Lorraine Imhoff

By

Ask Lorraine a question lorraine@homewardlegal.co.uk

Updated: 15/01/18

Maida Vale area information

Apsley House English Heritage and Science Museum Kensington Aviation Museum are in the vicinity of Maida Vale.

The nearest airport to Maida Vale is Northolt Jet Centre Airport (10 miles). Heathrow Terminals 1 2 3 Airport is 13 miles, London City Airport is 11 miles s, London Heliport Airport is 4 miles, Heathrow Terminal 5 Airport is 14 miles, Heathrow Terminal 4 Airport is 13 miles, Elstree Airport is 11 miles and London Biggin Hill Airport is 17 miles away and Kilburn High Road train station is approximately 1 mile from Maida Vale.

Motorists are well served with Maida Vale having very convenient major road access very close at roughly 1m of the A40M.

The neighbouring hospital for Maida Vale is H Of St John & St Elizabeth London.

Q.

I need to find a fixed rate conveyancing quote, we are on a tight budget.

A.

Both high-street and online firms claim to offer cheap conveyancing, but additional costs are frequently hidden in the terms. Busy, stressed buyers ignore these terms at their peril. Fees should be reasonable and clear. The disbursements to be paid must also be stated on your quote. Our quotes clearly state all legal fees for a standard conveyancing transaction.

Q.

Conveyancers in Maida Vale carry out varied searches when they are instructed by a home buyer,, but which particular ones?

A.

When getting a mortgage lender insist that at least specific searches, including the following Local Authority Search, Drainage Search (Con29DW) and Environmental,, and possibly specific searches for instance Index Map Search.

Q.

What is gazumping?

A.

Gazumping takes place when an offer is rejected, following initial acceptance, by the property seller, selecting instead a better offer. Because acceptance of an offer is not binding on the seller until exchange of contracts, there is a risk of

being gazumped. To reduce the likelihood of being gazumped, consider instructing a property solicitor early.

Q.

What precautions can I take to avoid paying stamp duty tax?

A.

Stamp Duty Land Tax must be paid for purchases over 125,000 pounds. Stamp duty mitigation should be treated with extreme caution in Maida Vale, as such schemes are often uneconomical and , if a scheme is challenged, you can be fined up to 100% of the amount owed, in additional to the tax itself. There have been several legitimate initiatives, however, such as disadvantaged area relief, and your solicitor will advise if these may apply.

Q.

Our mortgage lender is Yorkshire Building Society, what do we need to consider?

A.

Some lenders have reduced the number of firms able to act for them. Homeward Legal, though, will act for most lenders, ensuring that an additional preferred solicitor will not be required to act for your lender.

Q.

I have requested a quote from you. Will I be expected to pay any hidden charges?

A.

Homeward Legal's solicitors will not charge any additional charges regardless of circumstances. Your quote is an accurate fee the legal expenses for your move.

Q.

What can contaminate land in Maida Vale. Will they be checked for thoroughly?

A.

Maida Vale property is contaminated by a wide range of factors caused by man and by nature, and an environmental search should reveal whether a plot of land may be affected by Maida Vale contaminants like local historic industrial processes.

Q.

Does homewardlegal.co.uk handle the conveyancing of auction properties in Maida Vale?

A.

Yes - Homeward Legal is able to work with residential property auction procedures. Usually more complicated to convey properties e. g. building plots, are listed in property auctions and these demand greater fact-finding. Homeward Legal therefore strongly suggest auction buyers to instruct the lawyer well in advance of the property auction date so there is time for a title report of the sellers legal pack.

After the property auction your Homeward Legal lawyer is wholly geared up to completing all of the legal work within as short a time frame as required .