The conveyancer who dealt with my previous purchase has sent a quote for £1150 for freehold conveyancing in Solihull. I am selling a newly refurbished detached home for £275,000. This sounds over the top. Is it above the average fee for conveyancing in Solihull?
The charges are a tad high. If you shop around you could reduce the fees marginally by as much as £100 plus VAT. On the other hand, you mightcome to regret choosing an a cheaper lawyer. Don't forget to ensure that the conveyancer can represent your lender. You can use our comparison tool to select a Solihull conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Solihull.
five months have gone by since my purchase conveyancing in Solihull completed. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am buying a new build apartment in Solihull. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a selection of leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Solihull
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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. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Please confirm the Lease plans are architect prepared. There must be mutual enforceability of lessee’s covenants. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
I have been on the look out for a leasehold apartment up to £235,500 and found one near me in Solihull I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years unexpired on the lease. There is not much else in Solihull for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a home loan the remaining unexpired lease term may be problematic. Discount the offer by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least twenty four months you may ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this matter.
Should I be suspicious by 3rd parties that I am dealing with are suggesting a national conveyancing firm as opposed to a High Street Solihull conveyancing firm?
As is the case with many service providers, often recommendations from family and friends can be worth their weight in gold. Nevertheless there are lots of people with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders might all recommend conveyancers to select. Sometimes these conveyancers might be known to one of the organisations as experts in their field, but occasionally there might be a financial incentive behind the recommendation. You have the discretion to choose your own lawyer. However, bear in mind that the majority of lenders specify a panel list of solicitors you must use for the lender related work in your house move.