My previous solicitor has given a fee estimate £1350 for freehold conveyancing in Pitstone. I’m looking to sell a newly refurbished property for £275,000. Are the quoted fees excessive? Is it in excess of what I should be paying for conveyancing in Pitstone?
The estimate does seem a tad overpriced. If you are content to spend time scrutinising costs you could reduce the fees marginally by as much as £125. That being said, you maycome to regret choosing an an unknown conveyancer. If is important to be sure that the conveyancer can also act for your bank. Do utilise our search tool to locate a Pitstone conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Pitstone.
I've recently found out that there is a flying freehold element on a house I have offered on last month in what should have been a simple, no chain conveyancing. Pitstone is the location of the property. What do you suggest?
Flying freeholds in Pitstone are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Pitstone you must be sure that your lawyer goes through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Pitstone 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 residence.
In my capacity as executor for the will of my uncle I am disposing of a residence in Newport but reside in Pitstone. My solicitor (who is 200 miles from mehas requested that I execute a stat dec ahead of the transaction finalising. Can you recommend a conveyancing solicitor in Pitstone to witness and place their company stamp on the document?
strictly speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or solicitor will do regardless of whether they are Pitstone based
Having had my offer accepted I require leasehold conveyancing in Pitstone. Before I get started I require certainty as to the remaining lease term.
If the lease is registered - and most are in Pitstone - then the leasehold title will always include the short particulars 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.
I acquired a split level flat in Pitstone, conveyancing having been completed in 1998. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Pitstone with a long lease are worth £202,000. The ground rent is £60 charged once a year. The lease finishes on 21st October 2083
With only 57 years remaining on your lease the likely cost is going to be between £28,500 and £33,000 as well as legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.
I happen to be an executor of my recently deceased mother’s Will, with a property in Pitstone which is to be marketed. The bungalow has never been registered at the Land Registry and I'm advised that many estate agents will insist that it is in place before they will move forward. What's the procedure for this?
In the circumstances you refer to it seems advisable to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. HMLR’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.