Our family lawyer has sent a quote for £1200 for leasehold conveyancing in Chiseldon. I am hoping to sell a purpose built detached home for £275,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Chiseldon?
The costs illustration is fractionally on the steep side. If you shop around you may be able to decrease the fees slightly by as much as a hundred pounds. That being said, you couldcome to rue choosing an a cheaper solicitor. Remember to be sure that the conveyancer can represent your lender. Do make use of our search tool to locate a Chiseldon conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Chiseldon.
I am selling our property in Chiseldon and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any local conveyancer would know that there is no such problem. For the life of me I don't know why the purchasers used a web based conveyancing firm as opposed to a conveyancing solicitor in Chiseldon. We have lived in Chiseldon for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to obtain confirmation that the buyers are looking for.
It would appear that you have a conveyancing solicitor already. What do they say? You need to check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Chiseldon. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Chiseldon
Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Forfeiture - bankruptcy or liquidation must not apply under this provision. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
My fiance and I may need to sub-let our Chiseldon 1st floor flat for a while due to taking a sabbatical. We used a Chiseldon conveyancing practice in 2004 but they have closed and we did not have the foresight to get any advice as to whether the lease permits subletting. How do we find out?
A small minority of properties in Chiseldon do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to review 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 invested in buying a split level flat in Chiseldon, conveyancing formalities finalised 4 years ago. Can you give me give me an indication of the likely cost of a lease extension? Equivalent properties in Chiseldon with an extended lease are worth £185,000. The ground rent is £65 invoiced every year. The lease comes to an end on 21st October 2080
With 61 years left to run we estimate the premium for your lease extension to range between £18,100 and £20,800 plus legals.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
Me and my husband have agreed a price on a Chiseldon property we inherited ten years ago in 2011. I have over twenty years conveyancing know-how and, although retired, intend to carry out my own conveyancing. The purchaser's property lawyer has informed me that their building society will not allow us to do our own conveyancing requiring the funds to be released via a solicitor's bank account.
Mortgage instructions to property lawyers from all mainstream lenders specify that If the seller does not have legal representation the purchaser’s lawyers should check whether the mortgage company needs to be notified so that a decision can be reached if they are willing to progress.