I was recommended to a solicitor who has given a fee calculation of £1350 for fixed fee conveyancing in Stockbridge Village. I’m looking to sell a Victorian house for £300,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Stockbridge Village?
The charges are a bit high. If you shop around you could reduce the fees marginally by say £100 plus VAT. On the other hand, you couldlive to regret opting for an an untested solicitor. If is important to check the conveyancer can also act for your bank. You can employ our search tool to choose a Stockbridge Village conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Stockbridge Village.
We are planning on selling our property in Stockbridge Village and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. Any high street Stockbridge Village conveyancer would know that there is no such problem. It does beg the question why the buyers are using a national conveyancing outfit rather than a conveyancing solicitor in Stockbridge Village. We have lived in Stockbridge Village for six years we know that this is a non issue. Is it a good idea to contact our local Authority to seek confirmation that the buyers are looking for.
It sounds as though you may have a conveyancing firm already. What do they say? You need to 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)
Yesterday I discovered that there is a flying freehold issue on a house I put an offer in a fortnight ago in what should have been a quick, chain free conveyancing. Stockbridge Village is where the house is located. What do you suggest?
Flying freeholds in Stockbridge Village are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Stockbridge Village you must be sure that your lawyer goes through the deeds very carefully. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Stockbridge Village 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 premises.
Last August I purchased a leasehold property in Stockbridge Village. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I acquired a split level flat in Stockbridge Village, conveyancing having been completed May 2010. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Stockbridge Village with a long lease are worth £222,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ceases on 21st October 2089
With 70 years unexpired we estimate the premium for your lease extension to span between £9,500 and £11,000 plus costs.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs without more detailed investigations. You should not use the figures in tribunal or court proceedings. There may be other concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first getting professional advice.
I am buying a house mortgage free. I have provided conveyancer with two separate forms of photo identification, bank statement, endless utility bills. Now he needs a copy from a probate lawyer acknowledging that the money is legitimate and that it has come from inheritance and not dealing E's in Ibiza.
For some years now requires conveyancing solicitors as well as banks, building societies and other financial institutes to obtain satisfactory evidence of the identity of the client. This is because solicitors who deal with money and property on behalf of their clients can be used by criminals wishing to launder money. In order to comply with the law of money laundering, your Stockbridge Village conveyancing lawyer will need to obtain evidence of your identity as as well as make sure that your funds are legitimate.