The lawyer who dealt with my last purchase has sent a quote for £1350 for no move no fee conveyancing in Tilehurst. I am looking to sell a Georgian house for £175,000. Are these estimated fees excessive? Is it above what I should be paying for conveyancing in Tilehurst?
The estimate does seem marginally steep. If you shop around you could shave off some of the cost by as much as £125. On the other hand, you couldlive to regret opting for an an unknown solicitor. Remember to ensure that the solicitor can also act for your mortgage company. You can use our comparison tool to get a quote a Tilehurst conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Tilehurst.
The Tilehurst conveyancing firm handling our Tilehurst conveyancing has spotted an inconsistency between the assumptions in the valuation survey and what is revealed within the title deeds. My lawyer has advised that he must ensure that the bank is happy with this discrepancy and is still content to lend. Is my conveyancer’s course or action right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
I am looking for a leasehold apartment up to £195,000 and identified one close by in Tilehurst I like with open areas and railway links in the vicinity, the downside is that it's only got 49 remaining years left on the lease. I can't really find anything else in Tilehurst in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you require a mortgage the shortness of the lease will be an issue. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the property for at least 2 years you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease with a zero ground rent applied. You should speak to your conveyancing lawyer regarding this matter.
In my capacity as executor for the estate of my aunt I am selling a residence in Neath but live in Tilehurst. My conveyancer (who is 300 miles awayrequires that I execute a statutory declaration before the transaction finalising. Can you recommend a conveyancing practitioner in Tilehurst to witness this legal document for me?
Technically speaking you are unlikely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will be fine regardless of whether they are located in Tilehurst
I own a leasehold flat in Tilehurst. Conveyancing and Barnsley Building Society mortgage organised. I have received a letter from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Tilehurst who previously acted has now retired. Any advice?
First contact the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. There is no need to incur the fees of a Tilehurst conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Tilehurst Conveyancing for Leasehold Flats - Sample of Questions you should consider Prior to Purchasing
How many years remain on the lease? Who is in charge of the block?