My fiance’s sister is a property lawyer. I hope that I will receive preferential pricing for conveyancing, but if not, what level of fees should I be paying for conveyancing in Thornbury?
It’s a good idea to request multiple conveyancing estimates. Make use of our comparison tool on this page. You will notice that estimates seem to vary but service levels do are distinct between property lawyers as is true with most professions.
Do I have to pop into the offices of the solicitor to sign the mortgage deed? If so, I will choose one who does conveyancing in Thornbury so that I can attend their offices if required.
As opposed to 12 years ago, the vast majority mortgage companies no longer need their conveyancing panel solicitor to witness the mortgagors signature. It will still be necessary for you to hand over identification documents and there are still manifest benefits to instructing a locally based ayer, in your situation a conveyancing solicitor in Thornbury.
About to purchase a new build flat in Thornbury. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Thornbury
Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please provide evidence that the form of Lease proposed has been approved by the Land Registry. There must be mutual enforceability of lessee’s covenants. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I was advised by two or three local estate agents in Thornbury to find a property lawyer on your site. What’s the financial advantage for Estate Agents to market your services rather than another?
We refuse to make any referral fee for directing people our way. We found it would be just too difficult a fee as home movers will think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
Due to exchange soon on a ground floor flat in Thornbury. Conveyancing solicitors have said that they will have a report out to me on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Thornbury should include some of the following:
Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? Repair and maintenance of the property What options are open to you if another leaseholder in the building is in violation of a provision in their lease? specifics of the parties to the lease, for example these could be the (you), head lessor, freeholder The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided.
I inherited a basement flat in Thornbury, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Thornbury with over 90 years remaining are worth £180,000. The ground rent is £65 charged once a year. The lease expires on 21st October 2078
With just 59 years remaining on your lease we estimate the premium for your lease extension to span between £20,900 and £24,200 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information before seeking the advice of a professional.