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Ready to buy a new home in Eastwood? Failing to check that a lawyer is on your lender’s list of approved solicitors can put your Eastwood home move at risk of delay or failure.

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Recently asked questions about conveyancing in Eastwood

I was referred a solicitor who has sent a quote for £1150 for fixed fee conveyancing in Eastwood. I’m looking to sell a newly refurbished detached home for £250,000. Are these estimated fees excessive? Is it above the norm for conveyancing in Eastwood?

The costs illustration is fractionally on the steep side. If you shop around you may be able to shave off some of the expense by as much as a hundred pounds. On the other hand, you maycome to rue choosing an an unknown lawyer. Remember to enquire that the conveyancer can represent your lender. Do employ our search tool to select a Eastwood conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Eastwood.

I have justfound out that Arc property Solicitors have been shut down. They carried out my conveyancing in Eastwood for a purchase of a leasehold apartment 12 months ago. How can I check that my home is not still registered in the name of the former proprietor?

The quickest way to check if the premises is registered to you, you can carry out 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 Eastwood conveyancing specialists.

As co-executor for the estate of my grandmother I am disposing of a residence in Newport but reside in Eastwood. My conveyancer (based 300 miles from meneeds me to sign a stat dec prior to the transaction finalising. Can you recommend a conveyancing lawyer in Eastwood who can witness and place their company stamp on the document?

Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or solicitor will suffice regardless of whether they are Eastwood based

I've recently bought a leasehold flat in Eastwood. Am I liable to pay service charges relating to a period prior to my ownership?

In a situation where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to be sure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.

If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).

Leasehold Conveyancing in Eastwood - Examples of Queries before buying

    Where a Eastwood lease has less than eighty years it will impact the salability of the property. It is worth checking with your lender that they are happy with residual term of the lease. Leases with fewer than 80 years remaining means that you will most likely have to extend the lease sooner rather than later and it is worth finding out what this will be. For most Eastwoodlease extensions you would need to own the residence for two years before you are eligible to extend the lease. How many of the leaseholders are in arrears for their maintenance charge payments?

At what point do I cover the costs of the Stamp Duty Land Tax payable for my Eastwood flat purchase?

The solicitor will fill out a stamp duty return on your behalf as part of your Eastwood purchase transaction for you to sign. On completion your conveyancer will submit your Land Transaction application to the Inland Revenue and - assuming they have the money - pay any Stamp Duty payable on your behalf.

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