My previous lawyer has quoted £1200 for fixed fee conveyancing in Hayes. I’m hoping to sell a purpose built house for £250,000. Are the quoted fees excessive? Is it in excess of what I should be paying for conveyancing in Hayes?
The costs illustration is fractionally on the expensive side. If you are content to invest time scrutinising charges you could reduce the fees marginally by perhaps a hundred pounds. That being said, you couldcome to rue opting for an an untested conveyancer. Remember to be sure the conveyancer can represent your bank. You can employ our comparison tool to locate a Hayes conveyancing firm on the banks member panel which can often include conveyancing solicitors in Hayes.
Are there restrictive covenants that are commonly picked up during conveyancing in Hayes?
Covenants that are restrictive in nature can be picked up when reviewing land registry title as part of the legal transfer of property in Hayes. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I am looking for a flat up to £245,000 and identified one close by in Hayes I like with open areas and transport links in the vicinity, the downside is that it only has 61 remaining years left on the lease. There is not much else in Hayes for this price, so just wondered if I would be making a mistake buying a lease with such few years left?
Should you require a mortgage the remaining unexpired lease term will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this matter.
Do I need to be concerned about brokers that I am dealing with are encouraging me to use a nationwide conveyancing firm as opposed to a local Hayes conveyancing company?
As with lots of professional services, often recommendations from relatives can be worth their weight in gold. But there are many people with a vested interest in a conveyancing transaction; estate agents, mortgage brokers and lenders might all recommend conveyancers to retain. Sometimes the conveyancers might be known to one of the organisations as being good in their field, but occasionally there might be a commercial relationship behind the recommendation. You are at liberty to select your preferred lawyer. Don't forget that most mortgage providers specify a panel list of law firms you must use for the mortgage aspect of your house move.
When it comes to my conveyancing in Hayes 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 Hayes conveyancers do - that will incur VAT(4) Bank transfer fee - Yes it is for the conveyancer's time in submitting the funds this way.