I was recommended to a conveyancer who has given a fee calculation of £995 for no completion no fee conveyancing in Thornbury. I’m looking to sell a Georgian detached home for £275,000. Is this too much? Is it above what I should be paying for conveyancing in Thornbury?
The charges are a bit high. If you are prepared to spend time contrasting charges you may be able to get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, you mightlive to regret choosing an a cheaper lawyer. Remember to ensure that the firm can represent your mortgage company. You can make use of our search tool to find a Thornbury conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Thornbury.
My colleague advised me that if I am purchasing in Thornbury I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Thornbury conveyancing searches. It is a large report of about 40 pages, listing and setting out significant information about Thornbury around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local 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 data about Thornbury.
I've recently found out that there is a flying freehold issue on a property I put an offer in two weeks back in what was supposed to be a quick, chain free conveyancing. Thornbury is the location of the property. Is there any guidance you can impart?
Flying freeholds in Thornbury are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Thornbury you would need to get your solicitor to go through the deeds very carefully. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Thornbury may decide 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 property.
I am using a search engine for the term conveyancing in Thornbury it shows results of many property lawyerslocally. How do I determine which is the suitable solicitor for my move?
The preferential way of finding the right conveyancer is via personal recommendation, so enquire of colleagues and those you trust who have purchased a property in Thornbury or a local estate agent or financial adviser. Costs for conveyancing in Thornbury vary, so it's sensible to obtain a minimum of four fee calculations from varying types of companies. Make sure that you know what costs in the quote includes.
I work for a long established estate agent office in Thornbury where we see a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have been given conflicting advice from local Thornbury conveyancing solicitors. Please can you shed some light as to whether the vendor of a flat can start the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser can avoid having to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or at the same time as completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Thornbury Leasehold Conveyancing - Sample of Queries Prior to buying
Who manages the block? You should want to discover as much as you can regarding the company managing the building as they will impact your use and enjoyment of the property. As the proprietor of a leasehold property you are often in the clutches of the managing agents from a financial perspective and when it comes to daily matters like the tidiness of the communal areas. Ask other people what they think of their service. Finally, be sure you know the dates that the maintenance charges are due to the managing agents and specifically how they are spending the funds.