My family lawyer has sent a quote for £995 for no completion no fee conveyancing in Great Dunmow. I’m looking to sell a purpose built property for £175,000. Is this overpriced? Is it above the norm for conveyancing in Great Dunmow?

The estimate does seem a tad overpriced. If you shop around you may be able to shave off some of the expense by as much as £125. That being said, you mightcome to rue opting for an an untested conveyancer. Don't forget to check that the firm can also act for your mortgage company. Do utilise our comparison tool to find a Great Dunmow conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Great Dunmow.

How does conveyancing in Great Dunmow differ for new build properties?

Most buyers of new build property in Great Dunmow come to us having been asked by the seller to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Great Dunmow tend to purchase the site, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Great Dunmow or who has acted in the same development.

Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, no chain conveyancing. Great Dunmow is the location of the property. Can you offer any guidance?

Flying freeholds in Great Dunmow are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Great Dunmow you would need to get your solicitor to go through the deeds diligently. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Great Dunmow may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold premises.

Planning to exchange soon on a ground floor flat in Great Dunmow. Conveyancing solicitors assured me that they will have a report out to me within the next couple of days. Are there areas in the report that I should be focusing on?

The report on title for your leasehold conveyancing in Great Dunmow should include some of the following:

Where does the liability rest to repair and maintain the main walls and foundations. It is important that you know which party is duty bound to repair and maintenance of every part of the building specifics of the parties to the lease, for instance these could be the (you), superior lessor, landlord What you can do if a neighbour is in violation of a provision in their lease? Whether the lease restricts you from letting out the flat, or having a home office for business How long the lease is. You should receive guidance as what happens when the lease ends, and informed of the importance of the 80 year mark

I am the registered owner of a split level flat in Great Dunmow, conveyancing was carried out half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Comparable flats in Great Dunmow with over 90 years remaining are worth £176,000. The ground rent is £50 per annum. The lease ends on 21st October 2076

With 50 years unexpired we estimate the price of your lease extension to range between £31,400 and £36,200 as well as costs.

The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.

When it comes to my conveyancing in Great Dunmow should I be paying VAT on the following: (1) Land reg fee on purchase (2) Pre - completion search fee (3) SDLT E submission on purchase (4) Bank TT fee

(1) Land reg fee on purchase - No (2) Pre - completion search fees -No, (such conveyancing searches are HMLR ones and means £4 and possibly £2 bankruptcy per name on your mortgage) (3) SDLT E submission on your purchase - There is no VAT on Stamp Duty. However if the firm is charging a stamp duty e-submission fee as part of their services - some Great Dunmow conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.