We're in Badsey, FTBs purchasing with a mortgage (lender is RBS , and our solicitor is on the RBS conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the RBS conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
We are selling our property in Badsey and according to the buyers it appears that there is a possibility that the property was built land that was not decontaminated. Any high street Badsey conveyancer would know this is not the case. For the life of me I don't know why the purchasers instructed a nationwide conveyancing practice rather than a conveyancing solicitor in Badsey. We have lived in Badsey for 5 years we know that this is a non issue. Do we get in touch with our local Authority to obtain clarification that the buyers are looking for.
It sounds as though you may have a conveyancing lawyer currently acting for you. Are they able to advise? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Over the last few months I have been searching for a ground for flat up to £245,000 and identified one close by in Badsey I like with open areas and station in the vicinity, however it only has 51 years unexpired on the lease. I can't really find anything else in Badsey for this price, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you require a mortgage the shortness of the lease will be problematic. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you can ask them to commence the lease extension formalities and pass it to you. You can add 90 years to the current lease term with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
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My husband and I are new to the buying process - had an offer accepted, but the estate agent has warned us that the owners will only move forward if we appoint the agent's recommended conveyancers as they are insisting on a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Badsey
It is unlikely the vendors are behind this. If they want ‘a quick sale', turning down a motivated buyer is is going to put the whole deal at risk. Speak to the vendors direct and make the point that (a)you are genuine purchasers (b)you are excited to move forward, with finances arranged © you are unencumbered (d) you intend to proceed fast (e)however you intend to instruct your own,trusted Badsey conveyancing solicitors - as opposed tothe ones that will provide the negotiator at the agency a referral fee or achieve conveyancing thresholds demanded by corporate headquarters.
Our conveyancer has advised that he intends to complete and exchange simultaneously on our sale of a £250,000 apartment in Badsey in 8 days. The managing agents has quoted £420 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Badsey?
Badsey conveyancing on leasehold flats more often than not necessitates the buyer’s conveyancer submitting enquiries for the landlord to address. Although the landlord is not legally bound to address these enquiries most will be willing to assist. They may charge a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the paperwork that you are referring to is £350, in some situations it is above £800. The management information fee demanded by the landlord must be sent together with a synopsis of entitlements and obligations in relation to administration charges, without which the charge is technically not due. In reality one has no choice but to pay whatever is demanded should you wish to complete the sale of your home.
Leasehold Conveyancing in Badsey - A selection of Questions you should ask before buying
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If a Badsey lease has fewer than 80 years it will have adverse implications on the salability of the property. It is worth checking with your bank that they are happy with the length of the lease. A short lease means that you will most likely need a lease extension sooner rather than later and you need to have some idea of what this will be. For most Badseylease extensions you would be be obliged to have owned the premises for two years in order to be entitled to extend the lease. The answer will be important as a) areas may cause problems in the building as the communal areas may begin to deteriorate if services remain unpaid b) if the leaseholders have a dispute with the running of the building you will want to have full disclosure