Our family solicitor has sent a quote for £1700 for leasehold conveyancing in Brimsdown. I’m selling a purpose built house for £300,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in Brimsdown?
The costs illustration is slightly on the steep side. If you shop around you might get the conveyancing a bit cheaper by perhaps £125. That being said, you couldlive to rue opting for an an unknown solicitor. Don't forget to ensure that the firm can represent your lender. Do make use of our comparison tool to select a Brimsdown conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Brimsdown.
As I am unsure how the conveyancing bit works what is the most important advice you can impart regarding purchase conveyancing in Brimsdown?
Not many law firms or advisers will tell you this but conveyancing in Brimsdown and elsewhere in England and Wales is an adversarial experience. Put another way, when it comes to conveyancing there is lots of opportunity for conflict between you and other parties involved in the ownership transfer. For example, the seller, selling agent and on occasion the bank. Selecting a solicitor for your conveyancing in Brimsdown should not be taken lightly as your conveyancer is your adviser, and is the ONE person in the legal process whose interest is to protect your best interests and to protect you.
We are witnessing a worrying ongoing adversarial element to conveyancing- someone must be at fault for the process taking so long. We recommend that you should always trust your conveyancer ahead of the other parties when it comes to the legal transfer of property.
My wife and I are intent on selling our house in Brimsdown and the buyers lawyers are claiming that there is a risk of it being constructed on contaminated land. A local conveyancer would know this is not the case. It does beg the question why the purchasers are using a national conveyancing firm as opposed to a conveyancing solicitor in Brimsdown. We have lived in Brimsdown for many years we know of no issue. Do we contact our local Authority to get confirmation that there is no issue.
It would appear that you have a conveyancing firm currently acting for you. Are they able to advise? You must 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 sickness)
The estate agent has sent us the confirmation of our purchase of a new build apartment in Brimsdown. Conveyancing is necessary evil 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 few leasehold new build questions that you may expect your new-build leasehold conveyancing in Brimsdown
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are surveyor prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
Due to the guidance of my in-laws I had a survey completed on a house in Brimsdown before instructing lawyers. I have been advised that there is a flying freehold overhang to the property. My surveyor advised that some banks will not grant a mortgage on such a property.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Nationwide. Should you wish to telephone us we can look into this further via the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Brimsdown. Conveyancing may be slightly more expensive based on your lender's requirements.
Should I be wary that brokers that I am dealing with are suggesting an online conveyancing firm rather than a local Brimsdown conveyancing practice?
As with lots of service providers, often referrals from connections can be extremely useful or valuable. Nevertheless there are numerous players in a conveyancing matter; estate agents, financial adviser and mortgage companies might all suggest conveyancers to appoint. On occasion these solicitors might be known to one of the organisations as experts in their field, but occasionally there behind the scenes financial incentive behind the recommendation. You are at liberty to appoint your preferred conveyancer. You need to be aware that most lenders specify a panel list of solicitors you are obliged to use for the lender related work in your conveyancing.