My family solicitor has quoted £1150 for fixed fee conveyancing in Southwell. I’m looking to sell a Edwardian house for £150,000. Are these conveyancing fees excessive? Is it above the norm for conveyancing in Southwell?
The estimate does seem a tad overpriced. If you are happy to invest time comparing prices you might get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you mightlive to regret opting for an an unknown lawyer. Remember to check that the conveyancer can act for your mortgage company. Do use our search tool to get a quote a Southwell conveyancing company on the banks member panel which can often include conveyancing solicitors in Southwell.
Can the conveyancing lawyers that are recommend conduct auction conveyancing in Southwell?
There are a number of auction solicitors we can put you in touch with those conducting auction conveyancing. Southwell is just one of our areas of in which our lawyers cover.
2 months have elapsed since my purchase conveyancing in Southwell concluded. I have checked the Land Registry website which shows that I paid £175,000 when infact I paid £160,000. 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.
Yesterday I discovered that there is a flying freehold element on a property I have offered on last month in what should have been a simple, chain free conveyancing. Southwell is the location of the property. Is there any advice you can impart?
Flying freeholds in Southwell are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Southwell you must be sure that your lawyer goes through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Southwell may determine that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold residence.
Estate agents have just been given the go-ahead to market my 2 bed flat in Southwell. Conveyancing solicitors are to be appointed soon, but I have just had a quarterly service charge demand – should I leave it to the buyer to sort out?
The sensible thing to do is clear the service charge as usual because all rents and service charges will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I am the registered owner of a leasehold flat in Southwell, conveyancing was carried out 3 years ago. How much will my lease extension cost? Equivalent flats in Southwell with an extended lease are worth £260,000. The ground rent is £45 charged once a year. The lease expires on 21st October 2094
With just 75 years left to run the likely cost is going to be between £8,600 and £9,800 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before getting professional advice.