I was recommended to a lawyer who has quoted £1150 for leasehold conveyancing in Aston Clinton. I’m hoping to downsize from a purpose built detached home for £200,000. Is this too much? Is it in excess of the norm for conveyancing in Aston Clinton?
The quote is fractionally on the expensive side. If you are happy to invest time scrutinising costs you could shave off some of the cost by perhaps £125. That being said, you maylive to regret choosing an an untested conveyancer. Don't forget to enquire that the conveyancer can represent your mortgage company. Do make use of our comparison tool to find a Aston Clinton conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Aston Clinton.
Can you explain why leasehold purchase conveyancing in Aston Clinton costs more?
The conveyancing charges on a leasehold premises in Aston Clinton is inevitably greater when contrasted to a freehold acquisition or disposal. This is because there is an amount of supplemental time required in corresponding with the landlord and managing agents to collate the information concerning whether the rent and service charges have been paid and whether there are any significant expenditure in the near future on repairs or maintenance of the building.
My relative suggested that where I am purchasing in Aston Clinton I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is usually included in the estimate for your Aston Clinton conveyancing searches. It is a large document of about 40 pages, listing and setting out significant information about Aston Clinton around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Aston Clinton Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime statistics, Local Education with plans and statistics, Local Amenities and other useful data regarding Aston Clinton.
Me and my brother have a terraced Edwardian house in Aston Clinton. Conveyancing practitioner represented me and HSBC Bank. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold under the exact same property. I thought I was buying a freehold how can I check?
You should assess the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Aston Clinton and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also enquire as to the position with the conveyancing solicitor who conducted the purchase.
My solicitors in Aston Clinton have advised me that no longer have my conveyancing file. To assist with my purchase I took out a mortgage with the mortgage company. Is it case that being on the lender conveyancing panel they need to have retained the file for a prescribed period?
It very much depends from lender to lender but many of the Terms and Conditions of Conveyancing Panel Appointment require the file to be held for a period of 6 years. That being said we have not seen a copy of the bank Conveyancing Panel Terms. It might be worth you contacting the lender directly.