The solicitor who helped my previous purchase has given a fee calculation of £1150 for no sale no fee conveyancing in Bredbury. I’m selling a modern house for £275,000. Is this expensive? Is it above the norm for conveyancing in Bredbury?
The quote is slightly on the expensive side. If you are content to invest time comparing charges you could trim some of the cost by as much as £125. That being said, you mightcome to regret choosing an an untested solicitor. Don't forget to check that the conveyancer can act for your lender. Do make use of our comparison tool to choose a Bredbury conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Bredbury.
What does my ID and proof of funds have anything to do with my conveyancing in Bredbury? What am I being asked for?
In order to comply with Money Laundering Regulations any Bredbury conveyancing firm will require evidence of your identity in all conveyancing matters. This is normally dealt with by provision of a passport and an original bank statement or utility bill showing where you reside.
In accordance with Money Laundering Regulations, conveyancing solicitors are obliged by law to check not just the identity of conveyancing clients but also the origin of monies that they receive in respect of any matter. An unwillingness to disclose this may lead to your conveyancer ending their retainer with you, as clearly this will cause a conflict between the set Regulations and a refusal to disclose.
Your conveyancers will have an obligation to make a disclosure to the relevant authorities should they believe that any monies received by them may contravene the Anti-terror and anti-money-laundering rules.
Me and my brother have a renovated Edwardian house in Bredbury. Conveyancing practitioner acted for me and The Royal Bank of Scotland. I happened to do a free search for it on the Land Registry database and I saw two entries: one for freehold, another for leasehold under the exact same address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Bredbury and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with buyers. You can also enquire as to the position with your conveyancing solicitor who conducted the conveyancing.
I've recently found out that there is a flying freehold issue on a house I have offered on last month in what was supposed to be a quick, chain free conveyancing. Bredbury is the location of the property. Can you offer any assistance?
Flying freeholds in Bredbury are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Bredbury you would need to get your solicitor to go through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Bredbury may decide 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.
There are a number of properties in Bredbury on private lanes. I am acquiring such a property. Are there any benefits to buying a residence on a privately owned road?
Bredbury conveyancing lawyers are familiar with dealing houseson private. The lawyer should review the title to find any rights or liabilities. In many cases there is a management company (wholly owned by residents) that proprietors pay into for the upkeep of the road. Where there is one, the road should be maintained and look better than council owned.