My previous conveyancer has quoted £1200 for no sale no fee conveyancing in Biggleswade. I am hoping to sell a Victorian property for £275,000. Are the quoted fees excessive? Is it in excess of what I should be paying for conveyancing in Biggleswade?
The costs illustration is slightly on the expensive side. If you are happy to spend time scrutinising prices you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you couldlive to rue opting for an a cheaper lawyer. Remember to be sure that the conveyancer can act for your lender. You can employ our comparison tool to find a Biggleswade conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Biggleswade.
I am about to put an offer on a leasehold apartment in Biggleswade. The selling agents assure me that it is normal for flats in Biggleswade to have less than 75 years remaining. I am taking out a loan with Virgin. Is this going to be acceptable if the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are obtaining a mortgage then your lender may insist that the lease be extended before competition. Virgin have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 19/4/2024 the requirements read as follows :
Me and my brother have a terraced Georgian house in Biggleswade. Conveyancing solicitor represented me and Halifax. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, another for leasehold with 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 Biggleswade and other locations in 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 buyers. You can also question the situation with the conveyancing practitioner who conducted the work.
Yesterday I discovered that there is a flying freehold issue on a property I put an offer in two weeks back in what should have been a quick, chain free conveyancing. Biggleswade is the location of the property. Can you offer any guidance?
Flying freeholds in Biggleswade are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Biggleswade you must be sure that your lawyer goes through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Biggleswade may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Should I be wary about third parties that I am dealing with are suggesting a factory type conveyancing firm rather than a local Biggleswade conveyancing company?
As with lots of service providers, often recommendations from connections can be extremely useful or valuable. Yet there are many players in a conveyancing matter; estate agents, financial adviser and lenders may recommend solicitors to retain. Sometimes the solicitors might be known to one of the organisations as being good in their field, but sometimes there behind the scenes financial incentive behind the recommendation. You have the discretion to choose your own conveyancer. Don't forget that many lenders specify a panel list of law firms you have to use for the mortgage aspect of your house move.