The lawyer who assisted with my former purchase has given a fee calculation of £1350 for no move no fee conveyancing in Bromsgrove. I am looking to sell a Victorian house for £175,000. Are the quoted fees excessive? Is it above the average fee for conveyancing in Bromsgrove?
The charges are a bit high. If you shop around you could decrease the fees marginally by perhaps a hundred pounds. On the other hand, you mightlive to rue opting for an a cheaper solicitor. Don't forget to ensure the firm can also act for your lender. You can use our search tool to find a Bromsgrove conveyancing practice on the banks member panel which can often include conveyancing solicitors in Bromsgrove.
Completed the sale of my flat in Bromsgrove last August but our buyer keeps Skype messaging me to moan that their conveyancer is waiting to hear from mine. What should my lawyer have done now that I have sold?
Post completion of your house sale your conveyancer is obliged to forward the transfer deeds and all of the paperwork to the buyer’s lawyers. Where relevant, your conveyancer should also send confirmation that the legal charge in favour of the lender has been redeemed to the buyers solicitors. There are no post completion procedures just for conveyancing in Bromsgrove.
I have been on the look out for a flat up to £245,000 and identified one round the corner in Bromsgrove I like with amenity areas and railway links nearby, however it's only got 52 years on the lease. There is not much else in Bromsgrove in this price bracket, so just wondered if I would be making a mistake acquiring a short lease?
If you need a mortgage the shortness of the lease will be an issue. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the property for a minimum of twenty four months you could ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
My brother has urged me to appoint his lawyers for conveyancing in Bromsgrove. Should I use them?
There are no two ways about it the ideal way to choose a conveyancing lawyer is to get recommendations from friends or relatives who have experience in using the solicitor you're considering.
I own a leasehold flat in Bromsgrove. Conveyancing was completed in 21012. I have been told that I should not let the lease length get too short. What is the reasoning?
Bromsgrove domestic long term leases are for a fixed term - normally just under one hundred years when they started. However many appartments in Bromsgrove were built or converted 25 or more years ago and so such leases now have fewer than 80 years remaining. This may sound like a long time however Banks, Building Societies and other mortgage institutions tend to need leases to have a minimum of seventy five years left to be mortgageable. This means that when you come to sell the property you will need to extend the term of your lease if you are approaching 75 years. To enhance the saleability of your property you should be considering whether or not to extend your lease well in advance of selling the property. Please note that there are strong financial reasons to doing so before the lease reaches even 80 years as when the lease falls below 80 years the amount you have to pay to extend starts to increase.