My previous conveyancer has quoted £1350 for leasehold conveyancing in Brinklow. I am hoping to sell a Edwardian house for £200,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Brinklow?
The charges are a bit high. If you shop around you might decrease the fees marginally by say £100 plus VAT. That being said, you maylive to regret opting for an an unknown lawyer. Remember to be sure the solicitor can represent your mortgage company. You can use our search tool to get a quote a Brinklow conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Brinklow.
We're in Brinklow, First timers buying with a mortgage (lender is TSB , and our solicitor is on the TSB conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the TSB conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
3 months have elapsed since my purchase conveyancing in Brinklow took place. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey completed on a property in Brinklow prior to instructing solicitors. I have been informed that there is a flying freehold overhang to the house. My surveyor advised that some lenders will refuse to issue a loan on this type of premises.
It depends who your proposed lender is. Lloyds has different requirements from Halifax. If you contact us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brinklow. Conveyancing will be smoother if you use a solicitor in Brinklow especially if they are accustomed to such properties in Brinklow.
My partner and I may need to let out our Brinklow 1st floor flat for a while due to taking a sabbatical. We used a Brinklow conveyancing firm in 2003 but they have closed and we did not have the foresight to get any guidance as to whether the lease permits subletting. How do we find out?
Some leases for properties in Brinklow do contain a provision to say that subletting is only allowed with permission. The landlord is not entitled to unreasonably refuse but, in such cases, they would need to see references. Experience dictates that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
I bought a 2 bed flat in Brinklow, conveyancing formalities finalised October 1997. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Brinklow with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease finishes on 21st October 2080
With 61 years remaining on your lease we estimate the premium for your lease extension to be between £19,000 and £22,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.