My previous conveyancer has given a fee calculation of £1350 for fixed fee conveyancing in Seaview. I’m hoping to downsize from a Georgian house for £200,000. This seems expensive. Is it in excess of the norm for conveyancing in Seaview?
The charges are a little high. If you are willing to expend time scrutinising costs you could get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you couldlive to rue opting for an an untested conveyancer. Remember to enquire the conveyancer can represent your lender. You can utilise our comparison tool to choose a Seaview conveyancing practice on the banks member panel which can often include conveyancing solicitors in Seaview.
We're in Seaview, FTBs buying with a mortgage (lender is Nottingham , and our solicitor is on the Nottingham conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nottingham conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer 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.
My bid for a property was accepted at auction in Seaview. Conveyancing is necessary. What is next?
Having legally committed yourself to purchase you now have to retain a conveyancing lawyer soon as you now have a pending deadline in which to complete the property. All auction property will ordinarily have a corresponding legal set of papers. This will include most,if not all of the paperwork that your lawyer will need. Where you are dealing with leasehold premises the auction pack may include a copy of the lease, management information and a sellers leasehold information form and other conveyancing paperwork pertinent to a leasehold property. You should hand this to your appointed conveyancing solicitor as soon as possible. You also need to ensure that that you have the requisite funding organised to complete on the on the contractual date .
Forgive me if this question is silly but I am new to the home buying as FTB of a two bedroom flat in Seaview. Do I receive the keys to the premises on the completion date from my solicitor? If so, I will instruct a local conveyancing solicitor in Seaview?
There is no need to visit the lawyers office on the day of completion. Your solicitors will arrange to send the completion advance to the seller's conveyancers, and shortly after the monies have arrived, you will be called to receive the keys from the selling Agents and move into your new home. This tends to happen early afternoon.
I am currently in the process of buying my council flat in Seaview. I have a mortgage agreed with Yorkshire BS. Conveyancing is not something I have any knowledge of. Can I proceed without a solicitor easily? I think we can but we keep being told I should use one. Any advice?
It is not advisable to proceed with a house purchase without a solicitor. The council's solicitor are not acting for you. You need a solicitor for a number reasons. One of which is to verify what plans the Council have for repairs and refurbishment for the next five years. Many leaseholders have been stung for contributions of thousands of pounds. In any event, if you are getting a mortgage with Yorkshire BS, you will need to appoint a solicitor on the Yorkshire BS conveyancing panel.
How does conveyancing in Seaview differ for new build properties?
Most buyers of new build residence in Seaview come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the residence is completed. This is because developers in Seaview usually purchase the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Seaview or who has acted in the same development.
My wife and I purchased a leasehold flat in Seaview. Conveyancing and Yorkshire Building Society mortgage are in place. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1995. The conveyancing solicitor in Seaview who previously acted has now retired. Any advice?
The first thing you should do is contact HMLR to be sure that the individual claiming to own the freehold is indeed the new freeholder. It is not necessary to instruct a Seaview conveyancing solicitor to do this as it can be done on-line for a few pound. You should note that regardless, even if this is the rightful landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I acquired a 2 bed flat in Seaview, conveyancing formalities finalised 8 years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Seaview with an extended lease are worth £195,000. The ground rent is £45 per annum. The lease terminates on 21st October 2088
You have 64 years unexpired the likely cost is going to span between £14,300 and £16,400 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive investigations. You should not use this information in tribunal or court proceedings. There may be other issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
My brother-in-law has suggested I instruct a conveyancing solicitor in Seaview. I I would like to check if they are on the lender's approved list of lawyers. Can you help?
It’s a good idea contact the lawyer to check if they are on the bank's approved list. If that does not help call us and we can make some checks for you. Should the firm not be on the bank panel we we can help find a specialist conveyancing solicitor in Seaview on the panel for your mortgage company.