My family solicitor has given a fee estimate £1150 for leasehold conveyancing in Stony Stratford. I am looking to sell a Georgian house for £275,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Stony Stratford?
The quote is fractionally on the steep side. Where you are willing to invest time comparing charges you could decrease the fees slightly by perhaps £100 plus VAT. On the other hand, you maylive to regret opting for an an untested lawyer. Remember to enquire the firm can also act for your lender. You can utilise our comparison tool to find a Stony Stratford conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Stony Stratford.
Will my conveyancer be making enquiries regarding flooding as part of the conveyancing in Stony Stratford.
Flooding is a growing risk for lawyers dealing with homes in Stony Stratford. There are those who acquire a property in Stony Stratford, fully aware that at some time, it may be flooded. However, aside from the physical destruction, where a property is at risk of flooding, it may be difficult to get a mortgage, suitable building insurance, or sell the premises. There are steps that can be taken during the course of a property purchase to forewarn the buyer.
Lawyers are not best placed to offer advice on flood risk, but there are a numerous checks that may be undertaken by the buyer or on a buyer’s behalf which will give them a better understanding of the risks in Stony Stratford. The standard property information forms supplied to a purchaser’s solicitor (where the Conveyancing Protocol is adopted) contains a usual question of the vendor to find out whether the property has historically flooded. In the event that flooding has previously occurred which is not notified by the seller, then a buyer could issue a compensation claim resulting from an inaccurate response. The buyer’s lawyers should also commission an enviro report. This should higlight if there is a recorded flood risk. If so, further inquiries should be initiated.
Have completed on a a detached house in Stony Stratford , What is the estimated time for the Land Registry to record the transfer to my name? My Stony Stratford conveyancing solicitor works at snail pace, so I want to be sure the post completion formalities are concluded.
As far as conveyancing in Stony Stratford registration is no quicker or slower than anywhere else in England and Wales. Rather than based on location, timescales can vary depending on who lodges the application, whether it is in order and if the Land registry must send notices to any 3rd persons or bodies. At present in the region of three quarters of submission are fully dealt with within 12 days but occasionally there can be protracted hold-ups. Registration occurs once the buyer has moved in to the property so 'speed' is not always primary concern but if there is a degree of urgency associated with the registration then you or your conveyancer can contact the land registry and explain the circumstances.
I have been on the look out for a ground for flat up to £195,000 and identified one round the corner in Stony Stratford I like with amenity areas and station nearby, however it's only got 52 years on the lease. There is not much else in Stony Stratford suitable, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be a potential deal breaker. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I am purchasing a ground floor flat in Stony Stratford. Conveyancing solicitor has been waiting for, from the seller, building insurance paperwork. This morning I was informed that the seller must send the insurance documents for the flat above in addition. Why would my lawyer want to review the insurance for the flat above? Is it strictly required? We have been stalled for the last 2 weeks…
It is not impossible in leasehold conveyancing in Stony Stratford to discover Conveyancing in Stony Stratford in a minority of cases reveals that the lease provides for the leasehold owners to insure their individual flats rather than the freeholder insuring the whole premises - which is definitely preferable. You should check with your lawyer but it would appear that your property lawyer is attempting to verify that the complete building is insured. Insuring your residence is no help when it comes to rebuilding after a fire if the other flat cannot be reconstructed for lack of insurance cover.