I was recommended to a lawyer who has sent a quote for £1400 for no sale no fee conveyancing in Hellesdon. I am looking to sell a Georgian property for £150,000. Is this expensive? Is it above the norm for conveyancing in Hellesdon?

The estimate does seem marginally steep. If you shop around you could reduce the fees marginally by say a hundred pounds. On the other hand, you couldlive to regret choosing an a cheaper solicitor. If is important to enquire that the solicitor can also act for your mortgage company. You can employ our search tool to get a quote a Hellesdon conveyancing company on the banks member panel which can often include conveyancing solicitors in Hellesdon.

My husband and I are approaching an exchange on a flat in Hellesdon and my parents have transferred the 10% deposit to my solicitor. I am now informed that as the deposit has been sent from someone other than me my lawyer needs to disclose this to my lender. Apparently, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the bank about my parents' contribution when I applied for the home loan, so is it really appropriate for this now to be an issue?

The conveyancer is legally required to check with the bank to ensure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.

I am one month into a freehold purchase having been recommend to a firm by the estate agent to do our conveyancing in Hellesdon. I am am very dissatisfied with the quality of service. Could you help me find new lawyers?

They would need to be really bad in order to consider diss instructing them. Has the mortgage been sent? In the event that it has you need to make them aware of the replacement lawyer and ensure the loan are re-issued. Your new solicitor ideally should be on the lenders approved list to avoid escalating costs and delays. That should be your starting point. The find a solicitor tool will help you find a lender approved lawyer for your conveyancing in Hellesdon

I am employed by a busy estate agency in Hellesdon where we have witnessed a few flat sales derailed as a result of leases having less than 80 years remaining. I have been given inconsistent advice from local Hellesdon conveyancing solicitors. Can you shed some light as to whether the owner of a flat can instigate the lease extension process for the buyer?

As long as the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the disposal of the property.

Alternatively, it may be possible to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.

Hellesdon Leasehold Conveyancing - Examples of Queries Prior to buying

How long is the Lease? The best form of lease structure is a share of the freehold. In this scenario the lessees benefit from being in charge if their destiny and even though a managing agent is frequently employed if it is bigger than a house conversion, the managing agent is directed by the tenants. Best to be warned if a new roof is being put on or some other significant cost is due in the foreseeable future to be shared between the leasehold owners and could well dramatically increase the the service charges or require a specific invoice.

I need to switch lawyers as my Hellesdon lawyer is not on the bank's panel of conveyancing solicitors. Is it advisable to appoint a new law firm?

In the event that you have not formally appointed a conveyancer to start work and at this stage simply received quotes, you're perfectly free to choose a different solicitor to carry out your work for you. The best way is to get recommendations from friends or family who have actually used the solicitor or conveyancer in Hellesdon that you're considering.