My family solicitor has sent a quote for £1400 for freehold conveyancing in Abbey Wood. I’m hoping to sell a newly refurbished detached home for £275,000. Is this over the top? Is it above the average fee for conveyancing in Abbey Wood?
The quote is slightly on the high side. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, you maylive to regret opting for an an unknown conveyancer. Don't forget to ensure that the firm can represent your lender. You can use our comparison tool to locate a Abbey Wood conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Abbey Wood.
Would the conveyancing lawyers identified via your search tool carry out attended exchange conveyancing in Abbey Wood?
There are a few conveyancing specialists carrying out personalised exchanges. You should contact us to secure a fee calculation and details as to dates.
I am the registered owner of a freehold premises in Abbey Wood yet charged rent, why is this and what is this?
It is rare for properties in Abbey Wood and has limited impact for conveyancing in Abbey Wood but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
I am about to put an offer on a leasehold apartment in Abbey Wood. The estate agents tell me that it is standard for flats in Abbey Wood to have less than 75 years left on the lease. I am obtaining a mortgage with Chelsea Building Society. Is this going to be a problem if the lease has Seventy One years remaining.
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are getting a mortgage then your lender may insist that the lease be extended before competition. Chelsea Building Society have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 16/7/2021 the requirements read as follows :
Are all Abbey Wood Conveyancing Quality Solicitors on the Clydesdale conveyancing list of approved solicitors?
It is true that some lenders now utilise the accreditation scheme as the kick off point for Panel approval such as HSBC and Santander. The Law Society’s CQS accreditation however gives no guarantee to lender panel acceptance. Nevertheless,the CML have indicated that it is likely to become a pre-requisite for solicitor practices wishing to join their approved list of firms.
Is there a list of Coventry BS panel solicitors in Abbey Wood on the Building Society Association’s Website?
Unfortunately not yet. There is no such tool on the Council of Mortgage Lenders or Building Society Association websites. Very few mortgage companies make their panel listings visible online. If you are seeking to appoint a Abbey Wood conveyancer on the Coventry BS please make the most of our facility.
I have instructed a Abbey Wood conveyancer having made sure that they are on the Aldermore conveyancing panel. Does my lawyer arrange the survey of the property?
Aldermore will need an independent valuation of the property. Your lawyer will not arrange this. Usually Aldermore will appoint their own surveyor to do this, and you will have to pay for it. Remember that this is a valuation for mortgage purposes and not a survey. You may wish to consider appointing your own Abbey Wood surveyor to carry out a survey or prepare a home buyers report on the property. It is up to you to satisfy yourself that the property is structurally sound before you buy it. If the survey or report reveals that building work is needed, you should tell your solicitor. You may wish to renegotiate with the seller.
My husband and I are novice buyers - had an offer accepted, but the agent has warned us that the vendor will only go ahead if we appoint their chosen lawyers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a local solicitor with experience of conveyancing in Abbey Wood
It is unlikely the sellers are behind this. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is likely to cause more damage than good. Speak to the owners direct and explain that (a)you are genuine buyers (b)you are excited to move forward, with mortgage lined up © you have nothing to sell (d) you intend to proceed fast (e)but you are going to instruct your own,trusted Abbey Wood conveyancing lawyers - not the ones that will give the negotiator at the agency a introducer fee or hit his conveyancing figures set by HQ.