My previous conveyancer has quoted just over a thousand pound for no sale no fee conveyancing in Thame. I’m hoping to downsize from a purpose built property for £300,000. This sounds over the top. Is it above what I should be paying for conveyancing in Thame?
The costs illustration is fractionally on the steep side. Where you are content to expend time scrutinising quotes you could reduce the fees slightly by perhaps £125. On the other hand, you mightlive to regret opting for an an unknown lawyer. If is important to be sure the conveyancer can also act for your bank. Do make use of our comparison tool to locate a Thame conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Thame.
Having sold my house in Thame last December yet the purchaser is SMS messaging me complaining that his conveyancer is waiting to hear from mylawyer. What are the post completion sale legalities following completion?
Post completion of your sale your solicitor should forward the transfer deeds and all of the paperwork to the buyer’s solicitors. If applicable, your solicitor should also send confirmation that the mortgage has been repaid to the purchasers conveyancers. There is unlikely to be post completion formalities peculiar conveyancing in Thame.
What happens if my solicitor is suspended from the RBS Solicitor panel ahead of completing my conveyancing in Thame?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
I opted to have a survey done on a house in Thame ahead of retaining solicitors. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some mortgage companies tend refuse to give a mortgage on this type of home.
It depends who your proposed lender is. Santander has different instructions from Birmingham Midshires. If you call us we can investigate further with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Thame. Conveyancing may be slightly more expensive based on your lender's requirements.
I’m about to sell my garden apartment in Thame. Conveyancing has not commenced, however I have recently received a quarterly maintenance charge invoice – should I leave it to the buyer to sort out?
The sensible thing to do is discharge the invoice as you normally would given that all rents and maintenance charges should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the purchaser for the period running from after the completion date to the subsequent invoice date. Most management companies 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 inherited a 1st floor flat in Thame, conveyancing was carried out 8 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Thame with a long lease are worth £192,000. The ground rent is £55 levied per year. The lease runs out on 21st October 2079
With just 54 years left to run the likely cost is going to span between £32,300 and £37,400 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.