My friend's mother is a conveyancer. I am hopeful that I will be offered friends and family fee for conveyancing, However if that does not come through, what level of fees would I typically be looking at for conveyancing in Quinton?
You should contrast pricing. Make use of our comparison tool on this site. You will notice that amounts seem to contrast greatly but the service one can expect differ between conveyancers as is the case with the vast majority of professional services.
At what point can the exchange of contracts take place for purchase conveyancing in Quinton and do I need to be at the solicitors office?
If you are round the corner to our conveyancing solicitors in Quinton you are welcome to come in to sign documents. However, the firms we work with supply a national conveyancing service and provide as equally detailed and professional a job for you when communicating with you digitally. The signing of the property agreement is not the point of no return. Signing on the dotted line simply enables the conveyancer to address the formalities at the suitable time, which is ordinarily shortly after signing. The exchange process is is usually a five minute process, although where a lengthy "chain" is in the mix, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Quinton)to be in the office at the appropriate time.
My Conveyancer in Quinton is not listed on the Nationwide Building Society Conveyancing Panel. Is it possible for me to retain my family solicitor notwithstanding that they are not on the Nationwide Building Society panel?
The limited options open to you here include:
- Complete the purchase with your existing Quinton lawyers but Nationwide Building Society will need to use a conveyancer on their panel. This will inevitably rack up the total conveyancing fees and result in frustration.
- Find a new practitioner to to deal with the conveyancing, not forgetting to check they are on the Nationwide Building Society panel
I have been on the look out for a leasehold apartment up to £195,000 and identified one near me in Quinton I like with amenity areas and transport links nearby, the downside is that it only has 52 remaining years left on the lease. There is not much else in Quinton in this price bracket, so just wondered if I would be making a grave error buying a short lease?
Should you require a home loan that many years may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
I've recently bought a leasehold property in Quinton. Do I have any liability for service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a ground floor flat in Quinton, conveyancing was carried out in 2001. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Quinton with a long lease are worth £195,000. The ground rent is £45 yearly. The lease ceases on 21st October 2082
With just 63 years unexpired the likely cost is going to be between £16,200 and £18,600 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.