My partner’s mother is a solicitor. I expect that I'll be able to get preferential rates for conveyancing, but if not, what level of figure should I be expecting for conveyancing in East Grinstead?
It’s sensible to request 3 or more like-for-like conveyancing estimates. Do use our search tool on this page. Whilst amounts seem to be different but service levels do differ between solicitors as is true with the vast majority of professional services.
Various internet forums that I have frequented warn that are the number one reason for stalling in East Grinstead conveyancing transactions. Is this right?
The Council of Property Search Organisations (CoPSO) published findings of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays during the legal transfer of property. Local searches are not likely to be the root cause of slowing down conveyancing in East Grinstead.
I am looking for a flat up to £195,000 and identified one close by in East Grinstead I like with open areas and railway links in the vicinity, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in East Grinstead in this price bracket, so just wondered if I would be making a grave error purchasing a lease with such few years left?
Should you require a mortgage the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer regarding this.
I am thinking of appointing a conveyancing practitioner in East Grinstead for my home move. Is there any facility to review a firm’s record with the legal regulator?
One may see published Solicitor Regulator Association (SRA) decisions arising from investigations from 2008 onwards. Visit Check a solicitor's record. To find information about the period before 1 January 2008, or to check a firm's history, phone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The regulator may monitor telephone calls for training requirements.
What are your top tips when it comes to appointing a East Grinstead conveyancing practice to carry out our lease extension conveyancing?
When appointing a property lawyer for your lease extension (regardless if they are a East Grinstead conveyancing firm) it is imperative that they be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non East Grinstead conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be helpful:
Can they put you in touch with clients in East Grinstead who can give a testimonial?
I own a 2 bed flat in East Grinstead, conveyancing was carried out February 1995. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in East Grinstead with over 90 years remaining are worth £180,000. The average or mid-range amount of ground rent is £65 invoiced annually. The lease comes to an end on 21st October 2079
With 59 years left to run we estimate the premium for your lease extension to range between £20,900 and £24,200 plus professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before seeking the advice of a professional.