I was recommended to a solicitor who has quoted £1400 for no sale no fee conveyancing in Surrey. I’m selling a newly refurbished property for £225,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Surrey?
The charges are a bit high. If you shop around you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, you couldcome to rue choosing an an unknown solicitor. Remember to check that the solicitor can act for your bank. Do use our search tool to choose a Surrey conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Surrey.
My colleague suggested that if I am purchasing in Surrey I should carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Surrey conveyancing searches. It is a large document of more than thirty pages, listing and setting out significant information about Surrey around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Surrey Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Local Education with plans and statistics, Local Amenities and other useful information about Surrey.
Despite weeks of looking the Title Certificate and documents to my property are lost. The solicitors who handled the conveyancing in Surrey 5 years ago have long since closed. What do I do?
In today’s world there are duplicates made of almost everything, and your conveyancer should be aware exactly where to find all the appropriate documentation so you can purchase or sell your house without any difficulty. Where copies are not available, your conveyancer may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on your property.
I am looking for a leasehold apartment up to £245,000 and identified one close by in Surrey I like with a park and station nearby, however it's only got 61 years unexpired on the lease. I can't really find anything else in Surrey in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
If you need a mortgage the shortness of the lease will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the existing proprietor has owned the premises for a minimum of twenty four months you can ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor about this matter.
I am short of a 10% deposit on my flat purchase in Surrey , but I am anxious exchange. Do I have options?
One option is to try and agree a lesser deposit. Many property owners will agree to a lower deposit or even no deposit for a first time buyer or 100% mortgage. Be aware though that if you fail to complete you will still need to hand over a minimum of 10% of the purchase price regardless of how much deposit was agreed.
You can also agree a simultaneous exchange and completion as no deposit is required for this however neither party will be tied in until completion actually takes place and it can be risky if sellers change their mind at the last second