I was recommended to a solicitor who has given a fee calculation of £1350 for no sale no fee conveyancing in Lindfield. I am selling a modern property for £200,000. This seems over the top. Is it above the norm for conveyancing in Lindfield?
The charges are a bit high. If you shop around you could reduce the fees marginally by perhaps a hundred pounds. That being said, you couldlive to regret opting for an a cheaper conveyancer. Remember to ensure the solicitor can also act for your lender. You can use our search tool to select a Lindfield conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Lindfield.
Yesterday I discovered that there is a flying freehold issue on a property I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Lindfield is the location of the property. What do you suggest?
Flying freeholds in Lindfield are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Lindfield you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Lindfield 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 property.
How difficult is it to change conveyancer as I have to choose a firm on the National Westminster Bank conveyancing list. I was using a family conveyancing solicitor in Lindfield round the corner but the firm is not approved by National Westminster Bank
We will our best to assist in finding you a conveyancing solicitor in Lindfield on the National Westminster Bank panel. Please note that the solicitors that we list do not pay us fee if you instruct them and are fully regulated by the SRA who oversee all conveyancing solicitors in Lindfield. Using the find a conveyancing solicitor tool on this website, you can compare costs for conveyancing solicitors in Lindfield and throughout England and Wales.
Do you have any advice for leasehold conveyancing in Lindfield with the intention of expediting the sale process?
- Much of the delay in leasehold conveyancing in Lindfield can be bypassed where you get in touch lawyers the minute you market your property and ask them to put together the leasehold documentation needed by the buyers’ solicitors. A minority of Lindfield leases require Licence to Assign from the landlord. If this is the case, you should notify your estate agents to make sure that the purchasers put in hand bank and professional references. Any bank reference will need to confirm that the buyers are able to meet the yearly service charge and the actual amount of the service charge should be quoted in the bank’s letter. You will therefore need to provide your estate agents with the actual amount of the service charge so that they can pass this information on to the purchasers or their lawyers. The majority of freeholders or Management Companies in Lindfield levy fees for supplying management packs for a leasehold premises. You or your lawyers should discover the fee that they propose to charge. The management information sought on or before finding a buyer, thus reducing delays. The typical amount of time it takes to obtain the necessary information is three weeks. It is the most usual cause of delay in leasehold conveyancing in Lindfield. You believe that you know the number of years left on your lease but it would be wise to verify this by asking your lawyers. A buyer’s lawyer will not be happy to advise their client to where the remaining number of years is less than 75 years. It is therefore important at an early stage that you consider whether the lease requires a lease extension. If it does, contact your solicitors before you put your property on the market for sale. In the event that you altered the property did you need the Landlord’s approval? Have you, for example laid down wooden flooring? Lindfield leases often stipulate that internal structural alterations or installing wooden flooring calls for a licence issued by the Landlord approving such changes. If you fail to have the consents in place you should not communicate with the landlord without checking with your conveyancer in advance.
I inherited a leasehold flat in Lindfield, conveyancing was carried out 6 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Similar flats in Lindfield with over 90 years remaining are worth £192,000. The ground rent is £55 invoiced annually. The lease finishes on 21st October 2079
With just 54 years unexpired the likely cost is going to span between £32,300 and £37,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to supply a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first getting professional advice.
I dont have enough spare funds to pay a 10% deposit on my house purchase in Lindfield , but I still want to proceed. What can I do?
You can agree a lower deposit. Most property owners will accept a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last minute