My family lawyer has given a fee estimate just over a thousand pound for leasehold conveyancing in Bollington. I am hoping to downsize from a purpose built property for £275,000. This seems over the top. Is it above the average fee for conveyancing in Bollington?
The estimate does seem marginally steep. If you shop around you may be able to decrease the fees marginally by perhaps a hundred pounds. That being said, you couldlive to rue choosing an an untested conveyancer. If is important to ensure the solicitor can represent your lender. You can employ our comparison tool to choose a Bollington conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Bollington.
Would the conveyancing lawyers that you recommend perform right to buy conveyancing in Bollington?
We have identified numerous conveyancing conveyancers carrying out right to buy transactions Do get in touch with us in order to secure a costs illustration.
Will our lawyer be raising enquiries concerning flooding as part of the conveyancing in Bollington.
Flooding is a growing risk for conveyancers dealing with homes in Bollington. Plenty of people will acquire a property in Bollington, fully expectant that at some time, it may be flooded. However, aside from the physical destruction, where a house is at risk of flooding, it may be difficult to obtain a mortgage, adequate building insurance, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Solicitors are not best placed to give advice on flood risk, but there are a number of checks that may be undertaken by the buyer or by their conveyancers which can figure out the risks in Bollington. The standard property information forms sent to a buyer’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) includes a standard inquiry of the vendor to find out whether the premises has suffered from flooding. In the event that the premises has been flooded in past which is not notified by the seller, then a purchaser could bring a claim for damages stemming from an incorrect response. A buyer’s solicitors may also conduct an enviro search. This will disclose if there is any known flood risk. If so, additional inquiries should be made.
Over the last few months I have been searching for a flat up to £305k and identified one close by in Bollington I like with a park and transport links in the vicinity, however it only has 49 years unexpired on the lease. There is not much else in Bollington in this price bracket, so just wondered if I would be making a mistake purchasing a short lease?
If you need a home loan that many years may be problematic. Discount the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the property for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
I need to instruct a conveyancing solicitor in Bollington for my home move. Is there any facility to review a firm’s complaints history with the profession’s regulator?
Anyone can search for presented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a firm's record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator sometimes monitor telephone calls for training purposes.
Back In 2006, I bought a leasehold house in Bollington. Conveyancing and Halifax mortgage went though with no issue. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1997. The conveyancing practitioner in Bollington who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to be sure that this person is indeed the new freeholder. There is no need to incur the fees of a Bollington conveyancing solicitor to do this as you can do this on the Land Registry website for less than a fiver. You should note that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
Bollington Conveyancing for Leasehold Flats - Examples of Queries Prior to buying
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Does the lease have onerous restrictions? What is the yearly service fee and ground rent?