We were about to instruct a conveyancing solicitor in Chatteris found using your search tool but have come across alternative costs illustrations via the web seem less pricey – how come?
There are numerous conveyancing organisations promoting pretending to offer cut-price conveyancing, unfortunately it’s common in such cases for extrafees end up with the closing fee being inflated. According to the Legal Ombudsman charges outlined in terms of engagement should be fair and reasonable raised The law firms that we list for conveyancing in Chatteris set out all costs for the property you plan tobuy.
Is there a reason why leasehold purchase conveyancing in Chatteris is more expensive?
In short, leasehold conveyancing in Chatteris and Cambridgeshire usually necessitates extra hours of investigation compared to freehold conveyancing. This includes reviewing the lease, corresponding with the landlord about the service of appropriate notices, procuring current service charge and management information, securing the landlord’s consents and reviewing management accounts. The obligations on both the landlord and the tenant in the lease need to be studied by the buyer’s conveyancing team and read from beginning to end – regardless of the fact the lease has passed through many different property solicitors hands since it was first entered into.
What happens if my solicitor is removed from the Nationwide Solicitor panel ahead of completing my conveyancing in Chatteris?
The first thing to point out is that, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit at a cost.
It has been five months since my purchase conveyancing in Chatteris concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am thinking of appointing a conveyancing lawyer in Chatteris for my house move. Can I review a firm’s record with the legal regulator?
Members of the public may find documented Solicitor Regulator Association (SRA) determinations stemming from investigations from 2008 onwards. Go to Check a solicitor's record. For records Pre 2008, or to check a firm's history, call 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For callers outside the UK, dial +44 (0)121 329 6800. The regulator could recorded telephone calls for training requirements.
My wife and I purchased a leasehold flat in Chatteris. Conveyancing and Coventry Building Society mortgage went though with no issue. I have received a letter from someone saying they have taken over the freehold. It included a demand for arrears of ground rent dating back to 1994. The conveyancing practitioner in Chatteris who acted for me is not around. What should I do?
The first thing you should do is contact HMLR to be sure that this person is indeed the registered owner of the freehold reversion. It is not necessary to instruct a Chatteris conveyancing lawyer to do this as it can be done on-line for less than a fiver. Rest assured that in any event, even if this is the legitimate landlord, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
I invested in buying a basement flat in Chatteris, conveyancing formalities finalised 5 years ago. How much will my lease extension cost? Equivalent flats in Chatteris with an extended lease are worth £170,000. The ground rent is £50 levied per year. The lease terminates on 21st October 2103
You have 78 years remaining on your lease the likely cost is going to span between £7,600 and £8,800 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information before seeking the advice of a professional.