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Recently asked questions about conveyancing in Plymstock

Just been in touch with my conveyancing lawyer in Plymstock who completed the legal work two years ago asking for a conveyancing quote based on the same type of house sale & purchase (a leasehold property and a freehold premises) of similar values with a loan from HSBC Bank. It looks as though am now being quoted double. Should I hunt for an alternative property lawyer?

The estimate does seem a tad steep. Where you are content to invest time scrutinising quotes you may be able to shave off some of the expense by perhaps £125. On the other hand, providing that you were pleased with the service the firm gave you mightlive to rue opting for an an unknown lawyer. Remember to enquire that the solicitor can act for HSBC Bank. You can employ our search tool to get a quote a Plymstock conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Plymstock.

The vendors of the property we are purchasing are using a conveyancing solicitor in Plymstock who has suggested a exclusivity agreement with a deposit 10k. Is it wise to enter into such agreements?

There are a couple of main drawbacks with executing a lock out contract (also termed an exclusivity agreement) is that it can distract from making progress with the conveyancing work, so unless it requires minimal or no negotiation then it may transpire to be a cause of frustration and delay. It is not promoted amongst Plymstock conveyancing lawyers as a result. The other main negative is the extent of the remedies available - an aggrieved purchaser is extremely unlikely to secure an injunctive ruling by a court to prevent the vendor completing the sale to a third party, so the only remedy available under the contract will be the recovery of wasted charges and, in rare situations, the extra payment of damages.

Can I use your services to recommend a Conveyancing solicitor in Plymstock even where I’m not purchasing or selling a house, for example if I want to acquire a shop in Plymstock with a mortgage from Barclays Direct?

Our search tool is primarily there to locate residential conveyancing solicitors in Plymstock but we have listed at the end of this page a selection of Plymstock commercial conveyancing firms. You will need to make contact with the solicitors directly to see if they are also authorised to represent Barclays Direct

We are close to exchanging contracts on the sale of our property in Plymstock and the buyers lawyers are claiming that there is a risk of it being built land that was not decontaminated. A high street Plymstock conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a national conveyancing outfit rather than a conveyancing solicitor in Plymstock. Having lived in Plymstock for many years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification need.

It would appear that you have a conveyancing lawyer already. Are they able to advise? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)

If all goes to plan we aim to complete our sale of a £275,000 maisonette in Plymstock on Tuesday in a week. The freeholder has quoted £312 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Plymstock?

Plymstock conveyancing on leasehold maisonettes typically involves fees being levied by management companies :

    Addressing pre-exchange enquiries Where consent is required before sale in Plymstock Copies of the building insurance and schedule Deeds of covenant upon sale Registering of the assignment of the change of lessee after a sale
Your conveyancer will have no control over the level of the charges for this information but the average costs for the information for Plymstock leasehold property is £350. For Plymstock conveyancing transactions it is customary for the seller to pay for these costs. The landlord or their agents are under no legal obligation to answer such questions most will be willing to do so - albeit often at exorbitant prices where the fees bear little relation to the work involved. Unfortunately there is no law that requires fixed charges for administrative tasks. Neither is there any legal time frame by which they are required to provide answers.

Plymstock Leasehold Conveyancing - Examples of Questions you should ask Prior to Purchasing

    Is there a share of the freehold? You will want to find out as much as you can about the company managing the block as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to every day issues like the upkeep of the communal areas. Ask prospective neighbours whether they are happy with them. In conclusion, be sure you know the dates that the service fees are due to the managing agents and precisely what you get for your money. Generally speaking the outlay for major works tend not to be included within service charges, albeit that there some managing agents in Plymstock obliged leasehold owners to pay into a sinking fund and this is used to offset against larger repairs or maintenance.

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