My family lawyer has given a fee estimate £1350 for no sale no fee conveyancing in Bowes Park. I am looking to sell a Edwardian detached home for £125,000. This seems overpriced. Is it above what I should be paying for conveyancing in Bowes Park?
The estimate does seem a tad overpriced. If you shop around you could shave off some of the cost by as much as a hundred pounds. On the other hand, you mightcome to regret choosing an a cheaper solicitor. Remember to be sure the firm can also act for your lender. You can make use of our search tool to select a Bowes Park conveyancing practice on the banks member panel which can often include conveyancing solicitors in Bowes Park.
My husband and I changing mortgage lender for our maisonette in Bowes Park with Virgin Money. We have a son 19 who lives with us. Our solicitor has asked us to disclose any adults other than ourselves who lives in the flat. The solicitor has now sent a form for our son to sign, waiving any legal rights in the event that the property is repossessed. I have a couple of questions (1) Is this document specific to the Virgin Money conveyancing panel as he did not need to sign this form when we bought 4 years ago (2) In signing this form is our son in any way compromising his right to inherit the property?
On the face of it your lawyer has done nothing wrong as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to Virgin Money. This is solely used to protect Virgin Money if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of Virgin Money had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
How does conveyancing in Bowes Park differ for newly converted properties?
Most buyers of new build residence in Bowes Park approach us having been asked by the seller to sign contracts and commit to the purchase even before the property is built. This is because developers in Bowes Park typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Bowes Park or who has acted in the same development.
My step-father has encouraged me to use his lawyers for conveyancing in Bowes Park. Should I find my own solicitor?
No doubt the best way to find a conveyancing solicitor is to seek referrals from friends or family who have experience in using the solicitor you're considering.
I am in need of some leasehold conveyancing in Bowes Park. Before I set the wheels in motion I require certainty as to the remaining lease term.
If the lease is registered - and 99.9% are in Bowes Park - 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.
We have reached the end of our tether in seeking a lease extension in Bowes Park. Can this matter be resolved via the Leasehold Valuation Tribunal?
Where there is a absentee landlord or where there is disagreement about the premium for a lease extension, under the relevant legislation it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the amount due.
An example of a Lease Extension case for a Bowes Park flat is First Floor Flat 109 Lyndhurst Road in May 2010. Following a vesting order by Edmonton County Court on 29th October 2009 the Tribunal decided on a figure of £5,012 for a lease extension. This case related to 1 flat. The number of years remaining on the existing lease(s) was 81.79 years.
What type of premises does your Bowes Park conveyancing estimates relate to?
Our conveyancing quotes are only relevant to standard residential premises in England & Wales. Should you have any different requirements such as industrial or agricultural property or commercial conveyancing in Bowes Park please telephone us to consider your requirements .