My previous lawyer has quoted £1350 for freehold conveyancing in Redfield. I am selling a Georgian property for £175,000. This seems expensive. Is it in excess of what I should be paying for conveyancing in Redfield?
The charges are a little high. Where you are willing to invest time comparing fee on a like for like basis you could reduce the fees marginally by as much as a hundred pounds. That being said, you mightcome to rue choosing an a cheaper conveyancer. If is important to be sure that the solicitor can represent your mortgage company. Do employ our comparison tool to locate a Redfield conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Redfield.
Should my solicitor be raising questions regarding flooding during the conveyancing in Redfield.
Flooding is a growing risk for solicitors dealing with homes in Redfield. Plenty of people will buy a property in Redfield, completely expectant that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to obtain a mortgage, satisfactory insurance cover, or sell the premises. Steps can be carried out during the course of a property purchase to forewarn the purchaser.
Conveyancers are not qualified to offer advice on flood risk, but there are a number of checks that may be undertaken by the purchaser or on a buyer’s behalf which can give them a better appreciation of the risks in Redfield. The standard property information forms sent to a purchaser’s lawyer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard question of the vendor to find out if the premises has ever been flooded. In the event that the property has been flooded in past which is not notified by the vendor, then a buyer may issue a compensation claim resulting from an inaccurate response. A purchaser’s conveyancers may also commission an environmental report. This should disclose if there is any known flood risk. If so, more detailed investigations will need to be conducted.
Just had an offer accepted on a new build apartment in Redfield. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build legal work.
Here is a sample of a selection of leasehold new build questions that you can expect your new-build leasehold conveyancing in Redfield
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Please confirm the Lease plans are architect prepared. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one close by in Redfield I like with amenity areas and railway links in the vicinity, however it only has 52 years on the lease. I can't really find anything else in Redfield for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the shortness of the lease will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the current proprietor has owned the premises for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should speak to your conveyancing lawyer concerning this.
I need to retain a conveyancing solicitor for remortgage conveyancing in Redfield. I've land on a web site which appears to be the ideal offering If there is a chance to get all formalities done via web that would be preferable. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?