My family solicitor has sent a quote for £1200 for freehold conveyancing in Crawley Down. I am hoping to downsize from a modern property for £125,000. Is this expensive? Is it in excess of the average fee for conveyancing in Crawley Down?
The estimate does seem marginally steep. If you shop around you may be able to reduce the fees marginally by say £100 plus VAT. On the other hand, you mightlive to rue choosing an an untested conveyancer. If is important to check that the solicitor can represent your lender. You can use our search tool to choose a Crawley Down conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Crawley Down.
What is the first thing I need to know concerning purchase conveyancing in Crawley Down?
You may not hear this from too many lawyers but conveyancing in Crawley Down and elsewhere in West Sussex is often a confrontational process. Put another way, when it comes to conveyancing there is plenty of opportunity for friction between you and other parties involved in the house moving process. E.g., the seller, estate agent and sometimes the mortgage company. Selecting a solicitor for your conveyancing in Crawley Down should not be taken lightly as your conveyancer is your adviser, and is the SOLE person in the transaction whose responsibility is to look after your legal interests and to keep you safe.
On occasion a third party with a vested interest will try and convince you that it is in your interests to do things their way. For instance, the property agent may claim to be helping by claiming that your solicitor is wrong. Or your mortgage broker may try to convince you to do something that is contrary to your solicitors recommendation. You should always trust your lawyer above all other parties in the conveyancing process.
Due to the input of my in-laws I had a survey completed on a property in Crawley Down ahead of retaining solicitors. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies may not give a mortgage on this type of premises.
It varies from the lender to lender. Lloyds has different instructions for example to Birmingham Midshires. Should you wish to call us we can investigate further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Crawley Down. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Crawley Down to see if the conveyancing will be more expensive.
I am a negotiator for a long established estate agent office in Crawley Down where we have witnessed a few flat sales put at risk as a result of leases having less than 80 years remaining. I have received conflicting advice from local Crawley Down conveyancing solicitors. Can you confirm whether the owner of a flat can start the lease extension process for the purchaser on completion of the sale?
As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Leasehold Conveyancing in Crawley Down - Examples of Queries before Purchasing
Best to be warned whether a new roof is being put on or some other significant cost is anticipated that will be shared by the leasehold owners and could well materially impact the level of the service fees or require a one off invoice. Is the freehold owned jointly by the tenants?
My husband and I are disposing of a Crawley Down bungalow we inherited ten years ago in 2009. I have over twenty years conveyancing experience and, although retired, see no reason not to do my own legal work. The buyer's conveyancer has informed me that their mortgage company will not allow you to do your own conveyancing insisting the funds to be released via a solicitor's bank account.
Lending instructions to conveyancers from all CML members specify that If the vendor does not have legal representation the borrower'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.