My previous solicitor has given a fee calculation of £1400 for leasehold conveyancing in Mancot. I am looking to sell a purpose built detached home for £225,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Mancot?
The estimate does seem marginally steep. Where you are willing to spend time scrutinising prices you could shave off some of the expense by as much as a hundred pounds. On the other hand, you maycome to rue opting for an a cheaper conveyancer. If is important to enquire the firm can act for your mortgage company. You can utilise our search tool to select a Mancot conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Mancot.
We have very pushy sellers who has insisted on a preliminary contract with a non-refundable deposit 10k. Is it wise to enter into such agreements?
Exclusivity contracts are agreements binding a home owner and purchaser giving the buyer exclusive rights to purchase the premises for a set period of time. For all intents and purposes, an exclusivity is a document stating that you will receive a contract at a later date being the contract for the actual sale. It is generally used for buyer assurance though in some cases, the proprietor may stand to benefit from such agreements as well. There are numerous pros and cons to using them but you should to check with your conveyancer but note that it may result in costing you extra in conveyancing fees. In light of this these agreements are rare in relation to conveyancing in Mancot.
My brother-in-law has suggested I instruct a conveyancing solicitor in Mancot. I I would like to check if they are accepted on the The Mortgage Works conveyancing panel. Can you or the lender confirm if they are on the panel?
You should e-mail the solicitor and ask them whether they are on the lender panel. Alternatively you should get in touch with The Mortgage Works who may be able to help.
I am looking for a flat up to £195,000 and found one near me in Mancot I like with open areas and station nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Mancot for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the shortness of the lease will be problematic. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing solicitor about this matter.
How easy is it to swap solicitor as I have to instruct one who is on the The Mortgage Works conveyancing list. I was using a high street conveyancing solicitor in Mancot five minutes from me but he is not accepted by The Mortgage Works
We will our best to assist in finding you a conveyancing solicitor in Mancot on the The Mortgage Works panel. Please note that the property lawyers that we list do not pay us a referral fee if you instruct them and are fully regulated by the Solicitors Regulation Authority who oversee all conveyancing solicitors in Mancot. In utilising the find a conveyancing solicitor tool on this site, you can compare charges for conveyancing solicitors in Mancot and throughout England and Wales.