The lawyer who dealt with my former purchase has quoted £1350 for fixed fee conveyancing in Bickley. I’m hoping to sell a newly refurbished property for £125,000. This appears overpriced. Is it above what I should be paying for conveyancing in Bickley?
The estimate does seem a tad overpriced. If you shop around you may be able to reduce the fees marginally by say a hundred pounds. On the other hand, you mightlive to rue choosing an an untested conveyancer. Don't forget to check that the solicitor can represent your bank. You can use our search tool to choose a Bickley conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Bickley.
My wife and I are purchasing a newly constructed flat in Bickley and my lawyer is telling me that she has to the mortgage company to disclose incentives from the developer. I am nearing the developer’s deadline to exchange and I would rather not delay matters. Is my lawyer right?
You should not exchange unless you have been advised to do so by your solicitor. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
My wife and I are selling our house in Bickley and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. A high street Bickley lawyer would know this is not the case. It does beg the question why the buyers instructed an internet conveyancing practice as opposed to a conveyancing solicitor in Bickley. Having lived in Bickley for six years we know that this is a non issue. Is it a good idea to get in touch with our local Authority to obtain clarification need.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Over the last few months I have been searching for a flat up to £305k and identified one near me in Bickley I like with amenity areas and transport links nearby, the downside is that it's only got 61 years on the lease. I can't really find anything else in Bickley for this price, so just wondered if I would be making a grave error buying a short lease?
If you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the existing owner has owned the property for at least 2 years you can request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing lawyer concerning this.
My uncle has encouraged me to appoint his conveyancing solicitors in Bickley. Do I follow his recommendation?
Much as we are happy to recommend a Bickley conveyancing lawyer the best way to select a conveyancing solicitor is to have feedback from friends or relatives who have used the firm that you are contemplating using.
Looking forward to complete next month on a leasehold property in Bickley. Conveyancing solicitors assured me that they are sending me a report next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Bickley should include some of the following:
An explanation concerning the obligations in the lease to pay service charges - with regard to both the building, and the wider rights a leaseholder enjoys Rent payments - how much and what the invoice dates are, and also know whether this will change in the future The physical ownership of the premises. This will be the flat itself but may include a roof area or storage are if applicable. Your solicitors should enable you to have an understanding of the building insurance obligations Additions to the property
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can I make an application to the Leasehold Valuation Tribunal? Can you recommend a Bickley conveyancing firm to represent me?
in cases where there is a missing landlord or if there is disagreement about what the lease extension should cost, under the relevant legislation you can apply to the LVT to determine the amount due.
An example of a Lease Extension matter before the tribunal for a Bickley property is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case related to 1 flat. The unexpired term was 50.57 years.