My previous conveyancer has given a fee estimate £1700 for fixed fee conveyancing in Bartley Green. I’m hoping to downsize from a modern house for £125,000. This appears expensive. Is it in excess of the average fee for conveyancing in Bartley Green?
The charges are a little high. Where you are willing to expend time scrutinising fee on a like for like basis you could get the conveyancing a bit cheaper by as much as £125. That being said, you mightlive to rue opting for an a cheaper conveyancer. Remember to enquire the solicitor can represent your lender. Do use our comparison tool to choose a Bartley Green conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Bartley Green.
We previously instructed solicitors with offices in Bartley Green on the Coventry BS solicitor panel. They are now charging me a separate charge for handling the Coventry BS mortgage. Is this a supplemental conveyancing fee set by Coventry BS?
As unfair as it may seem, as long as it’s in their Terms and Conditions or Quote then yes your conveyancing practitioner can charge a fee for this. This fee is not dictated by Coventry BS but by your Bartley Green lawyer. Plenty of firms on the Coventry BS panel will charge an ‘acting for lender’ fee but some firms include it on their overall fee.
We expect to receive a DIP from UBS this week so we know how much we could potentially offer as otherwise we are dependent on web based calculators (which aren't taking into account credit checks etc). Do UBS recommend any Bartley Green solicitors on the UBS conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Bartley Green solicitors independently although you'll need to choose one on the UBS conveyancing panel. The solicitor represents both you and UBS through the process.
I've read lots of mortgage guides, I note that it is considered advisable to get your house surveyed prior to buying it. When I asked my local Bartley Green solicitor - who is on the Aldermore conveyancing panel - on this she said they don't do this and I need to contract an independent surveyor. Is that normal?
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. Your lawyer will not organise the survey but they may be able to put you in touch with a local one that they recommend. RICS offers a find a surveyor service (just google it) where you can search for a qualified surveyor by your Bartley Green postcode. As you are getting a mortgage with Aldermore, you could contact them to see if they have a list of approved surveyors in Bartley Green.
The estate agent has sent us the confirmation of our purchase of a new build flat in Bartley Green. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Bartley Green
-
Forfeiture - bankruptcy or liquidation must not apply under this provision. If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Please provide evidence that the form of Lease proposed has been approved by the Land Registry. Please confirm the Lease plans are surveyor prepared.
Due to the encouragement of my in-laws I had a survey completed on a house in Bartley Green in advance of retaining lawyers. I have been told that there is a flying freehold element to the house. My surveyor has said that some banks may not issue a mortgage on such a premises.
It varies from the lender to lender. Santander has different requirements from Halifax. Should you wish to telephone us we can check via the relevant mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Bartley Green. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Bartley Green to see if the conveyancing costs will increase in light of this.
I'm refinancing my existing property to a BTL loan with Nationwide Building Society and I will use the ballance of the raised equity towards a second property. The location we are talking about is Bartley Green. Will your lawyers be able to act for the two lenders and tie in the two deals?
Make use of our comparison tool on this page to be sure that the lawyers are approved by both lenders. Having checked that they are the lawyer should be able to connect the two transactions but you should have a chat with you conveyancer and specify your expectations and needs.
If all goes to plan we aim to complete the sale of our £125,000 garden flat in Bartley Green on Wednesday in a week. The management company has quoted £384 for Certificate of Compliance, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Bartley Green?
Bartley Green conveyancing on leasehold maisonettes often necessitates the buyer’s solicitor submitting enquiries for the landlord to answer. Although the landlord is not legally bound to respond to such questions the majority will be willing to do so. They may charge a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is over three hundred pounds, in some cases it is in excess of £800. The management information fee required by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration charges, without which the charge is not strictly payable. Reality however dictates that you have no option but to pay whatever is demanded should you wish to sell the property.
I bought a 2 bed flat in Bartley Green, conveyancing having been completed February 2012. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Bartley Green with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 per annum. The lease terminates on 21st October 2073
With only 52 years unexpired we estimate the price of your lease extension to span between £29,500 and £34,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information without first getting professional advice.