I was recommended to a conveyancer who has quoted £1350 for no sale no fee conveyancing in Ottery St Mary. I’m hoping to downsize from a newly refurbished detached home for £125,000. Is this too much? Is it in excess of the average fee for conveyancing in Ottery St Mary?
The estimate does seem marginally steep. If you shop around you might decrease the fees marginally by as much as a hundred pounds. That being said, you maycome to regret choosing an a cheaper solicitor. Don't forget to be sure that the solicitor can act for your mortgage company. Do use our search tool to find a Ottery St Mary conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Ottery St Mary.
Do lenders provide you with an approved list of Ottery St Mary conveyancing solicitors? How do you know who is on the Santander conveyancing panel?
Ottery St Mary conveyancing firms themselves provide us confirmation that they are on the Santander conveyancing panel as opposed to being supplied with a list from Santander directly.
We are selling our property in Ottery St Mary and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the buyers are using an internet conveyancing outfit as opposed to a conveyancing solicitor in Ottery St Mary. We have lived in Ottery St Mary for many years we know that this is a non issue. Do we get in touch with our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same illness)
How does conveyancing in Ottery St Mary differ for new build properties?
Most buyers of new build premises in Ottery St Mary come to us having been asked by the developer to exchange contracts and commit to the purchase even before the residence is constructed. This is because builders in Ottery St Mary tend to buy the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Ottery St Mary or who has acted in the same development.
My wife and I purchased a leasehold flat in Ottery St Mary. Conveyancing and The Royal Bank of Scotland mortgage are in place. A letter has just been received from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1994. The conveyancing solicitor in Ottery St Mary who previously acted has long since retired. Do I pay?
The first thing you should do is contact the Land Registry to be sure that this person is in fact the new freeholder. There is no need to incur the fees of a Ottery St Mary conveyancing solicitor to do this as you can do this on the Land Registry website for £3. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a ground floor flat in Ottery St Mary, conveyancing was carried out September 2001. Can you work out an approximate cost of a lease extension? Similar properties in Ottery St Mary with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease expires on 21st October 2082
With 58 years remaining on your lease we estimate the premium for your lease extension to range between £22,800 and £26,400 plus professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.