Our family solicitor has sent a quote for £995 for no sale no fee conveyancing in Shropshire. I’m looking to sell a purpose built property for £225,000. Is this expensive? Is it in excess of the norm for conveyancing in Shropshire?
The charges are a tad high. If you are content to spend time comparing prices you may be able to reduce the fees slightly by as much as a hundred pounds. On the other hand, you maycome to regret opting for an an unknown lawyer. Don't forget to ensure the solicitor can act for your lender. Do utilise our search tool to choose a Shropshire conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Shropshire.
We hope to to buy with Earl Shilton BS. We have called around locally but am unable to find a Shropshire conveyancing firm on the Earl Shilton BS approved list. Can you help?
Please do take advantage of the find a conveyancing panel solicitor tool on this site. Pick the mortgage company and type Shropshire or your location and you will discover a number of lawyer located in Shropshire or by proximity to you.
We are planning on selling our home in Shropshire and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local lawyer would know that there is no such problem. For the life of me I don't know why the buyers instructed a factory type conveyancing practice as opposed to a conveyancing solicitor in Shropshire. We have lived in Shropshire for 4 years we know of no issue. Should we get in touch with our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You need to check with 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 health insurance to cover that same illness)
How does conveyancing in Shropshire differ for newly converted properties?
Most buyers of new build residence in Shropshire approach us having been asked by the developer to sign contracts and commit to the purchase even before the property is constructed. This is because builders in Shropshire typically acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Shropshire or who has acted in the same development.
I am looking at a couple of maisonettes in Shropshire which have approximately fifty years unexpired on the leases. Will this present a problem?
A lease is a right to use the property for a prescribed time frame. As a lease shortens the value of the lease deteriorates and results in it becoming more costly to acquire a lease extension. This is why it is often a good idea to extend the lease term. More often than not it is difficulties arise selling premises with a short lease as mortgage companies less inclined to grant a loan on properties of this type. Lease enfranchisement can be a protracted process. We advise that you seek professional help from a conveyancer and surveyor with experience in this area.
I inherited a 1st floor flat in Shropshire, conveyancing formalities finalised March 2002. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Shropshire with a long lease are worth £180,000. The average or mid-range amount of ground rent is £65 levied per year. The lease expires on 21st October 2077
You have 59 years remaining on your lease we estimate the price of your lease extension to range between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to advice on the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.