My previous conveyancer has given a fee calculation of just over a thousand pound for no move no fee conveyancing in Coleford. I’m looking to sell a Victorian property for £300,000. Is this over the top? Is it in excess of what I should be paying for conveyancing in Coleford?
The charges are a bit high. Where you are willing to spend time scrutinising costs you might get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you couldlive to regret choosing an an untested conveyancer. Remember to check that the firm can represent your lender. Do use our search tool to find a Coleford conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Coleford.
Last July we completed a house move in Coleford. We have noticed several issues with the property which we consider were overlooked in the conveyancing searches. Is there anything we can do? Can you clarify the nature of searches that needed to have been conducted for conveyancing in Coleford?
It is not clear from the question as what problems have arisen and if they are specific to conveyancing in Coleford. Conveyancing searches and investigations initiated as part of the buying process are designed to help avoid problems. As part of the legal transfer of property, the vendor fills in a document called a Seller’s Property Information Form. If the information turns out to be incorrect, then you may have a claim against the seller for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Coleford.
We are selling our home in Coleford. Does the property lawyer need to be on the Virgin Money conveyancing panel in order to deal with the discharge of my mortgage?
Ordinarily, even if your lawyer is not on the Virgin Money conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently at the moment.
I have todaydiscovered that Stirling Law have been shut down. They carried out my conveyancing in Coleford for a purchase of a leasehold flat 9 months ago. How can I check that my home is registered correctly in the name of the previous owner?
The easiest way to check if the property is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Coleford conveyancing specialists.
I am on look out for some leasehold conveyancing in Coleford. Before I set the wheels in motion I want to be sure as to the unexpired term of the lease.
Assuming the lease is registered - and 99.9% are in Coleford - then the leasehold title will always include the basic details 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 basement flat in Coleford, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Corresponding properties in Coleford with over 90 years remaining are worth £176,000. The ground rent is £50 levied per year. The lease ceases on 21st October 2100
With only 80 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide the actual costs without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.