The solicitor who assisted with my previous purchase has given a fee calculation of just over a thousand pound for freehold conveyancing in Dursley. I am looking to sell a Victorian house for £175,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Dursley?
The quote is slightly on the expensive side. Where you are content to invest time scrutinising charges you could decrease the fees marginally by as much as £125. That being said, you maylive to rue opting for an an untested conveyancer. Remember to be sure that the firm can also act for your bank. Do utilise our search tool to get a quote a Dursley conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Dursley.
I decided to have a survey done on a house in Dursley in advance of retaining lawyers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some banks will refuse to grant a mortgage on such a house.
It varies from the lender to lender. HSBC has different instructions for example to Halifax. If you e-mail us we can check via the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Dursley. Conveyancing will be smoother if you use a solicitor in Dursley especially if they are accustomed to such properties in Dursley.
In sourcing the internet for the term cheap conveyancing in Dursley it reveals many solicitorsin the vicinity. How do I determine which is the right solicitor for my move?
The preferential way of seeking the right conveyancer is through a personal recommendation, so seek the opinion of colleagues and those you trust who have purchased a property in Dursley or the reputable estate agent or financial adviser. Fees for conveyancing in Dursley vary, so it's sensible to request a minimum of three estimates from different solicitors. Dont forget to clarify what costs in the quote includes.
Having checked my lease I have discovered that there are only 62 years left on my lease in Dursley. I now wish to extend my lease but my freeholder is can not be found. What are my options?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for for permission to dispense with the service of the initial notice. This will enable the lease to be extended by the Court. You will be obliged to prove that you or your lawyers have used your best endeavours to track down the landlord. On the whole a specialist may be helpful to carry out a search and prepare an expert document to be used as evidence that the freeholder can not be located. It is advisable to get professional help from a conveyancer both on investigating the landlord’s absence and the application to the County Court covering Dursley.
I am the registered owner of a 1 bedroom flat in Dursley, conveyancing having been completed 6 years ago. Can you please calculate a probable premium for a statutory lease extension? Comparable properties in Dursley with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease ceases on 21st October 2084
With 59 years unexpired the likely cost is going to range between £20,900 and £24,200 plus legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs without more comprehensive investigations. Do not use the figures 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. You should not move forward based on this information without first getting professional advice.
Our solicitor in Dursley has uncovered a defect with the lease for the apartment we are purchasing in Dursley. The other side have offered title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer says that as he is on the bank conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or the mortgage company?
Just because you have a mortgage offer from the bank does not mean to say that the property will be meet their requirements for the purposes of a mortgage. Your Dursley conveyancing lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook Requirements. You and the bank are the client. These conveyancing instructions must be adhered to by the mortgage company conveyancing panel who has to balance acting for you and the bank