My previous lawyer has sent a quote for £1400 for freehold conveyancing in Braintree. I’m looking to sell a Georgian detached home for £200,000. Is this too much? Is it in excess of the average fee for conveyancing in Braintree?
The quote is fractionally on the high side. If you are happy to expend time comparing charges you may be able to trim some of the expense by perhaps a hundred pounds. That being said, you maycome to rue opting for an an unknown solicitor. Don't forget to enquire that the firm can represent your mortgage company. You can use our comparison tool to get a quote a Braintree conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Braintree.
Is there a reason why leasehold purchase conveyancing in Braintree costs more?
Braintree leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who dealt with the conveyancing in Braintree 4 years ago have long since closed. What are my next steps?
Nowadays there are duplicates made of almost everything, and your conveyancer will be aware exactly where to locate all the suitable paperwork so you may purchase or sell your house without a hitch. If duplicates can’t be found, your solicitor may be able to put in place insurance or indemnities protecting you against future claims on the property.
How does conveyancing in Braintree differ for new build properties?
Most buyers of new build or newly converted property in Braintree approach us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because new home sellers in Braintree tend to acquire the site, 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 property lawyers 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 Braintree or who has acted in the same development.
I am on look out for some leasehold conveyancing in Braintree. Before I set the wheels in motion I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and most are in Braintree - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I bought a garden flat in Braintree, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable flats in Braintree with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced annually. The lease finishes on 21st October 2077
With just 55 years unexpired we estimate the price of your lease extension to range between £31,400 and £36,200 plus professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first getting professional advice.