We decided to go with a local lawyer for our conveyancing in Badsey last week. After carefully reading the small print I seewe are on the hook for fees even where the conveyance does not complete. Would I be best advised to select an internet conveyancing brokerage promoting no-sale-no-fee conveyancing in Badsey?
Generally there is a concession along the lines that if "No Sale No Fee" is available then the fee levels will tend to be be uplifted to offset those transactions that do not go ahead. Please beware that such promotions generally do not protect you from outlay for instance Badsey conveyancing search expenses.
Despite weeks of looking the Title Certificate and documents to our property are lost. The conveyancers who conducted the conveyancing in Badsey 4 years ago have long since closed. What are my options?
You no longer need to hold title deeds to evidence that you are the owner of your registered land or premises, given that the Land Registry have everything they need in a digital format.
Yesterday I discovered that there is a flying freehold element on a house I put an offer in last month in what should have been a simple, chain free conveyancing. Badsey is the location of the property. Is there any advice you can give?
Flying freeholds in Badsey 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 Badsey you would need to get your solicitor to go through the deeds thoroughly. Your lender may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Badsey may determine 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 premises.
Given that I am about to part with £400,000 on 3 bedroom house in Badsey I wish to talk to a conveyancer concerning thetransaction prior to instructing the firm. Can this be arranged?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer who will be conducting your property ownership legalities in Badsey.There is no ‘factory style conveyancing’ - each client is an important individual, not a matter number. The law firms that we put you in touch with believe that the figure you are calculated and presented to you for residential conveyancing in Badsey should be the figure that you are charged.
My husband and I are FTB’s - had an offer accepted, yet the selling agent informed us that the seller will only move forward if we use the agent's recommended conveyancers as they are insisting on a ‘quick sale’. My instinct tells me that we should use a family conveyancer accustomed to conveyancing in Badsey
It is improbable the vendors are driving this. Should the owner desire ‘a quick sale', taking such a hostile approach to a serious buyer is counter productive. Try to communicate with the vendors directly and make sure they comprehend that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you are going to appoint your preferred Badsey conveyancing lawyers - not the ones that will give the negotiator at the agency a commission or meet his conveyancing thresholds set by senior management.
I am a negotiator for a long established estate agent office in Badsey where we have witnessed a number of leasehold sales jeopardised due to leases having less than 80 years remaining. I have received inconsistent advice from local Badsey conveyancing solicitors. Can you clarify whether the owner of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed 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 buyer.
I own a leasehold flat in Badsey, conveyancing formalities finalised October 1997. Can you work out an approximate cost of a lease extension? Corresponding flats in Badsey with a long lease are worth £191,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease ends on 21st October 2079
With only 54 years unexpired we estimate the premium for your lease extension to be between £31,400 and £36,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.