My partner’s dad is a solicitor. I am hopeful that I will be offered friends and family rates for conveyancing, However if that does not come through, what kind of figure should I be paying for conveyancing in Bedfordshire?
It’s prudent to request 3 or more like-for-like conveyancing estimates. Make use of our search tool on this site. You will notice that prices do be different but the service one can expect differ between property lawyers as is the case with most professions.
My wife and I are nearing an exchange on a flat in Bedfordshire and my mum and dad have sent the 10% deposit to my conveyancer. I am now informed that as the deposit has not come from me my solicitor needs to disclose this to my lender. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is coming from anyone other than me. I informed the mortgage company concerning my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The lawyer is obliged to clarify with lender to make sure that they understand that the balance of the purchase price is not from your own funds. Your solicitor can only report this to your mortgage company if you permit them to, failing which, your lawyer must cease to continue acting.
My lawyer in Bedfordshire is not on the National Westminster Bank Conveyancing Panel. Is it possible for me to continue with my family solicitor notwithstanding that they are excluded from the National Westminster Bank approved list?
The limited options open to you here include:
- Complete the purchase with your preferred Bedfordshire solicitors but National Westminster Bank will need to use a lawyer on their list of acceptable firms. This will result in additional overall legal charges as well as cause frustration.
- Get a new practitioner to to deal with the purchase, obviously checking they are National Westminster Bank approved.
- Persuade your National Westminster Bank based solicitor to try to join the National Westminster Bank panel
Taking into account that I am about to part with over three hundred thousand on a terraced house in Bedfordshire I would like to talk to a conveyancer about mytransaction ahead of instructing the firm. Can this be arranged?
We could not agree more - we would be delighted to talk to you we do not take any clients on without you speaking to the lawyer due to be conducting your property ownership legalities in Bedfordshire.There is no ‘factory style conveyancing’ - every client is unique person, not a case number. The solicitors that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Bedfordshire should be the figure that you end up paying.
Looking forward to sign contracts shortly on a basement flat in Bedfordshire. Conveyancing lawyers have said that they report fully tomorrow. Are there areas in the report that I should be focusing on?
Your report on title for your leasehold conveyancing in Bedfordshire should include some of the following:
Setting out your legal entitlements in relation to common areas in the building.E.G., does the lease include a right of way over a path or staircase? Does the lease require carpeting throughout thus preventing wood flooring? You should be informed what counts as a Nuisance as far as the lease is concerned specifics of the parties to the lease, e.g. these could be the leaseholder, superior lessor, freeholder if lease provides for a sinking fund?
I purchased a split level flat in Bedfordshire, conveyancing was carried out November 1998. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Bedfordshire with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease comes to an end on 21st October 2080
With only 59 years remaining on your lease we estimate the price of your lease extension to span between £20,900 and £24,200 as well as costs.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.