My previous lawyer has sent a quote for £995 for no sale no fee conveyancing in Southport. I’m selling a purpose built detached home for £275,000. Is this too much? Is it above the norm for conveyancing in Southport?
The quote is slightly on the steep side. If you shop around you may be able to shave off some of the cost by as much as a hundred pounds. That being said, you maylive to rue choosing an an untested conveyancer. Don't forget to ensure the firm can act for your bank. Do make use of our search tool to choose a Southport conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Southport.
About to place a bid on a leasehold flat in Southport. The selling agents tell me that it is usual for flats in Southport to have less than 75 years remaining. I am obtaining a mortgage with Accord Mortgages. Will the property be mortgageable given that the lease has 70 years unexpired.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Accord Mortgages have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 11/4/2024 the requirements read as follows :
My partner and I are intent on selling our house in Southport and the buyers lawyers are claiming that there is a risk of it being constructed land that was not decontaminated. Any high street Southport conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed an online conveyancing outfit rather than a conveyancing solicitor in Southport. We have lived in Southport for six years we know of no issue. Is it a good idea to contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. What do they say? You must enquire of 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 life insurance to cover that same sickness)
three months have gone by following my purchase conveyancing in Southport concluded. 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 residence 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.
Due to the encouragement of my in-laws I had a survey completed on a house in Southport ahead of retaining solicitors. I have been told that there is a flying freehold aspect to the property. The surveyor has said that some banks may refuse to give a mortgage on a flying freehold home.
It depends who your proposed lender is. Lloyds has different instructions for example to Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Southport. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Southport to see if the conveyancing costs will increase in light of this.