I selected a Culcheth based solicitor for my conveyancing in Culcheth today. Reviewing the Terms I seewe are on the hook for charges even if the dealdoes not go ahead. Should I go with them or instruct an internet solicitor practice promising no move no charge conveyancing in Culcheth?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the conveyancing charges will generally be uplifted to cover those transactions that do not proceed. Also remember that these schemes rarely protect you from expenses such as Culcheth conveyancing search expenses.
Why is leasehold purchase conveyancing in Culcheth costs more?
Culcheth leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
My wife and I have recently appointed a conveyancing solicitor in Culcheth. I I would like to check if they are on the Bank of Scotland conveyancing panel. Could you help?
The first thing you should do is phone your lawyer and enquire whether they are on the lender panel. Alternatively please get in touch with Bank of Scotland who may be able to confirm.
My wife and I are downsizing from our property in Culcheth and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A high street Culcheth lawyer would know that there is no such problem. For the life of me I don't know why the purchasers used a nationwide conveyancing firm rather than a conveyancing solicitor in Culcheth. Having lived in Culcheth for three years we know of no issue. Should we contact our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer already. Are they able to advise? You should 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 life insurance to cover that same illness)
If all goes to plan we aim to complete our sale of a £250,000 flat in Culcheth in 10 days. The landlords agents has quoted £396 for Landlord’s certificate, insurance certificate and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Culcheth?
Culcheth conveyancing on leasehold flats more often than not necessitates the buyer’s lawyer submitting questions for the landlord to address. Although the landlord is not legally bound to answer such questions the majority will be content to assist. They are entitled to charge a reasonable charge for responding to enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the paperwork that you are referring to is over three hundred pounds, in some cases it is in excess of £800. The management information fee levied by the landlord must be sent together with a summary of entitlements and obligations in relation to administration charges, otherwise the charge is not strictly payable. In reality you have no option but to pay whatever is demanded if you want to sell the property.
I purchased a 1st floor flat in Culcheth, conveyancing having been completed half a dozen years ago. How much will my lease extension cost? Similar properties in Culcheth with a long lease are worth £216,000. The ground rent is £50 invoiced annually. The lease ends on 21st October 2090
With just 69 years left to run we estimate the premium for your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.