My best friend’s sister is a property lawyer. I suspect that I'll be able to get friends and family fee for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Barnt Green?
It’s a good idea to get multiple conveyancing quotes. Make use of our search tool on this site. You will notice that prices do contrast greatly but service levels do differ between solicitors as is the case with the vast majority of professional services.
We're in Barnt Green, FTBs purchasing with a mortgage (lender is Santander , and our solicitor is on the Santander conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Santander 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.
I am being advised by my conveyancer that defective lease insurance is required on my purchase. What is the level of cover for Barnt Green conveyancing?
The right level of defective lease indemnity insurance depends on your lender. It would differ for example between Nationwide Building Society and The Mortgage Works. Conveyancing practitioners as opposed to borrowers take out such policies.
We had appointed solicitors located in Barnt Green on the Coventry BS solicitor panel. They have just invoiced me an additional amount for the legal aspects of the Coventry BS mortgage. Is this a supplemental conveyancing fee specified by Coventry BS?
Unfortunately, as long as it is in their Terms of Engagement or estimate then yes your conveyancing practitioner is entitled to levy a fee for this. This charge is not dictated by Coventry BS but by your Barnt Green conveyancing practitioner. Some firms on the Coventry BS panel will levy an ‘acting for lender’ fee and others do not.
After months of negotiation I have agreed a price on a house in Barnt Green. My mortgage broker pressured me to appoint their solicitor. I paid an upfront payment of £175. Soon after, the conveyancing practitioner contacted me sheepishly admitting that they were not on the Virgin Money conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Virgin Money panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
My wife and I purchased a semi-detached Edwardian property in Barnt Green. Conveyancing lawyer acted for me and Barclays Direct. I did a free Land Registry search last week and I saw two entries: the first freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Barnt Green and other locations in the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the situation with the conveyancing practitioner who completed the work.
What tools are available to identify a Barnt Green solicitor on the Alliance & Leicester conveyancing panel? I am a keen cyclist and am prepared to travel upto 10miles to meet the solicitor.
Feel free to make use of the search on this website. Please pick a mortgage company and your location and you will see a number of Barnt Green conveyancing lawyers based on proximity. We have listed some Barnt Green conveyancing firms at the bottom of this page and you can call them to check if they are on the Alliance & Leicester member panel
Having had my offer accepted I require leasehold conveyancing in Barnt Green. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is registered - and 99.9% are in Barnt Green - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a studio flat in Barnt Green, conveyancing formalities finalised in 2009. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Barnt Green with over 90 years remaining are worth £260,000. The ground rent is £50 charged once a year. The lease expires on 21st October 2100
You have 75 years unexpired we estimate the price of your lease extension to span between £8,600 and £9,800 plus costs.
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 detailed investigations. You should not use this information in tribunal or court proceedings. There may be additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.