The solicitor who dealt with my former purchase has given a fee calculation of just over a thousand pound for no sale no fee conveyancing in Bourton on the Water. I am looking to sell a modern detached home for £175,000. Are these conveyancing fees excessive? Is it above the norm for conveyancing in Bourton on the Water?
The quote is fractionally on the expensive side. If you shop around you may be able to reduce the fees marginally by perhaps £100 plus VAT. That being said, you mightlive to rue choosing an a cheaper solicitor. Don't forget to check that the firm can also act for your lender. You can make use of our comparison tool to get a quote a Bourton on the Water conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Bourton on the Water.
I used Wolstenholmes a few years past for my conveyancing in Bourton on the Water. I now require my file but the law firm has closed. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to assist in tracing your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Bourton on the Water of the conveyancing firm of solicitors you previously instructed, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Over the last few months I have been searching for a flat up to £245,000 and identified one close by in Bourton on the Water I like with open areas and transport links in the vicinity, the downside is that it's only got 51 remaining years left on the lease. There is not much else in Bourton on the Water in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a mortgage the remaining unexpired lease term may be a potential deal breaker. Discount the offer by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing solicitor regarding this matter.
Given that I am about to spend 450k on a two bedroom apartment in Bourton on the Water I wish to have a conversation with the solicitor concerning thetransaction prior to appointing the firm. Can this be arranged?
This is something that we recommend - we would be pleased to talk to you we do not take any clients on without you first talking to the lawyer who will be doing your property ownership legalities in Bourton on the Water.There is no ‘factory style conveyancing’ - each client is unique person, not a case number. The law firms that we put you in touch with believe that the fees you are calculated and presented to you for your conveyancing in Bourton on the Water should be the amount on the final invoice that you are charged.
Can you offer any advice when it comes to finding a Bourton on the Water conveyancing practice to carry out our lease extension conveyancing?
If you are instructing a conveyancer for your lease extension (regardless if they are a Bourton on the Water conveyancing practice) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We recommend that you speak with several firms including non Bourton on the Water conveyancing practices before you instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be useful:
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Can they put you in touch with clients in Bourton on the Water who can give a testimonial?
I bought a garden flat in Bourton on the Water, conveyancing having been completed 7 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable properties in Bourton on the Water with over 90 years remaining are worth £265,000. The average or mid-range amount of ground rent is £50 yearly. The lease terminates on 21st October 2101
You have 76 years unexpired the likely cost is going to span between £8,600 and £9,800 plus costs.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first getting professional advice.