I was recommended to a solicitor who has given a fee estimate £1400 for freehold conveyancing in Knebworth. I am selling a purpose built property for £150,000. This seems too much. Is it in excess of the norm for conveyancing in Knebworth?
The quote is slightly on the high side. Where you are content to spend time comparing charges you may be able to reduce the fees slightly by say a hundred pounds. That being said, you mightlive to rue choosing an a cheaper lawyer. If is important to be sure the conveyancer can also act for your bank. You can employ our search tool to get a quote a Knebworth conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Knebworth.
The Knebworth conveyancing firm that I appointed last week on my purchase in Knebworth have suddenly closed. I chose them because I needed a lawyer on the Nottingham conveyancing panel and my preferred Knebworth lawyer was not. I paid them £170 in advance. What do I do now?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Nottingham conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
I happen to be the sole beneficiary of my late mum's will with all property in now in my sole name, including the my former home in Knebworth. Conveyancing formalities meant that the Land Registry date was in January. I plan to dispose of the property. I do know about the CML 6 month 'rule', which means that my proprietorship will be considered the same way as if I'd bought the house in January. Is the property unsalable for six months?
The Council of Mortgage Lenders’ handbook requires conveyancers to: "report to us immediately if the owner or registered proprietor has been registered for less than six months." By the strict wording you might be impacted by that. Most mortgage companies would take a practical view as this clause is chiefly there to pick up on the purchase and immediately sell or the quick reselling of property.
Can you point me to a directory of Leeds Building Society panel conveyancers in Knebworth on the Council of Mortgage Lender’s Website?
No. There is no such directory service on the CML or Building Society Association websites. Very few mortgage companies make their panel listings viewable on the web. Where you are looking for a Knebworth lawyer on the Leeds Building Society please make the most of our tool.
We had selected conveyancers based in Knebworth on the Skipton solicitor approved list. They are now charging me a separate amount for handling the Skipton mortgage. Is this an additional conveyancing fee set by Skipton?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your conveyancer can levy a fee for this. This charge is not set by Skipton but by your Knebworth solicitor. Plenty of firms on the Skipton panel will charge an ‘acting for lender’ fee but many firms incorporate it on their overall fee.
My business partner and I are planning to take an assignment of a lease of a shop on the high street. Can you recommend lawyers offering no-sale-no charges for non-domestic conveyancing in Knebworth for below £2000?
We can recommend firms who host a wealth of experience of commercial conveyancing in Knebworth, including the disposal and purchase of businesses as well as simply property. Whether you are hoping to buy or lease a shop, pub, restaurant, office, retail premises or a whole business we will put you in touch with the right firm. Regarding the costs this will depend on the structure and terms of the deal. Let us have your contact information or telephone so as to enable us to furnish you with a fixed commercial conveyancing quote.
Having had my offer accepted I require leasehold conveyancing in Knebworth. Before I get started I would like to find out the unexpired term of the lease.
If the lease is registered - and most are in Knebworth - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Knebworth Conveyancing for Leasehold Flats - A selection of Questions you should consider before buying
You should be aware that where the lease has less than eighty years it will have adverse implications on the salability of the property. It is worth checking with your bank that they are willing to to proceed given the lease term. A short lease means that you will almost definitely have to extend the lease sooner rather than later and it is worth finding out how much this would cost. Remember, in most cases you would need to own the property for two years in order to be eligible to exercise a lease extension. Best to be warned if window replacement or some other major work is due shortly that will be shared by the tenants and will dramatically impact the level of the maintenance charges or necessitate a specific payment. How is the lease structured?