My previous conveyancer has given a fee estimate £1150 for freehold conveyancing in Slough. I’m looking to sell a modern detached home for £125,000. This seems expensive. Is it in excess of the average fee for conveyancing in Slough?
The charges are a bit high. If you shop around you might decrease the fees marginally by say £125. That being said, you couldlive to regret opting for an a cheaper solicitor. If is important to enquire that the conveyancer can represent your mortgage company. You can utilise our search tool to choose a Slough conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Slough.
Our Slough conveyancer has identified a difference between the assumptions in the home valuation report and what is revealed within the conveyancing documents. My solicitor has advised that he needs to ensure that the lender is OK with this discrepancy and is still content to lend. Is my lawyer’s course or action right?
Your solicitor must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
What will a local search inform me about the house my wife and I buying in Slough?
Slough conveyancing often starts with the submitting local authority searches directly from your local Authority or via a personal search company such as Xpress Legal The local search is essential in every Slough conveyancing purchase; that is if you wish to avoid any unpleasant once you have moved into your property. The search should provide information on, amongst other things, details on planning applications relevant to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject areas.
I am looking for a flat up to £305k and identified one near me in Slough I like with open areas and station nearby, the downside is that it's only got 49 years unexpired on the lease. I can't really find anything else in Slough suitable, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term will be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this.
I am considering appointing a web based conveyancer ahead of a Slough conveyancing firm. Should I ‘stay local’?
There are advantages of having the option attend a local Slough conveyancing solicitor for example
- signing papers and and when necessary
- often being able to see someone face-to-face can make a significant difference, particularly for non-standard house moves
- the ability to raise concerns if matters go pear-shaped
When comparing estimates, look carefully for hidden extras. The majority decent Slough high street solicitors give an all-inclusive figure. Often online agents appear to offer cheap prices, yet have hidden 'extras' in the in the terms and conditions.