Just contacted my conveyancing solicitor in Cheddleton who completed the legal work two years ago and wanted a conveyancing quote based on an identical type of house sale & purchase (a leasehold residence and a freehold property) of similar values with a mortgage from Birmingham Midshires. I am now being quoted double. Am I right to be tempted to shop around for an alternative firm of conveyancing solicitor?
The estimate does seem a tad on the high side. If you shop around you might get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, if you were content with the assistance the firm offered you couldlive to rue choosing an an untested conveyancer. If is important to check the solicitor can act for Birmingham Midshires. You can make use of our search tool to find a Cheddleton conveyancing firm on the Birmingham Midshires member panel, which can often include conveyancing solicitors in Cheddleton.
My wife and I have a semi-detached Georgian property in Cheddleton. Conveyancing lawyer represented me and Coventry Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold with the matching property. I thought I was buying a freehold how can I check?
You should read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Cheddleton and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the position with the conveyancing solicitor who conducted the purchase.
About to purchase a new build flat in Cheddleton. Conveyancing is a frightening process 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.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Cheddleton
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared.
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At this site get a conveyancing costs illustration from a Solicitor or Licensed Conveyancer that appreciates the issues for your conveyancing in Cheddleton. As opposed to estate agents and many comparison sites we do not charge firms a commission if you instruct them for your home move in Cheddleton
I work for a busy estate agent office in Cheddleton where we see a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received contradictory information from local Cheddleton conveyancing firms. Please can you confirm whether the owner of a flat can initiate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to wait 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed prior to, or at the same time as completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I inherited a basement flat in Cheddleton, conveyancing was carried out May 2008. How much will my lease extension cost? Similar properties in Cheddleton with over 90 years remaining are worth £216,000. The ground rent is £50 invoiced annually. The lease expires on 21st October 2095
With 69 years left to run we estimate the premium for your lease extension to span between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before getting professional advice.
Is it true that a Cheddleton conveyancing firm got sued by clients for not carrying out comprehensive conveyancing searches?
We are not aware of such a Cheddleton conveyancing claim but it has been reported that, clients acquiring a house in Cumbria successfully sued their solicitor as a consequence of development permission to erect a wind farm not being identified in conveyancing searches.
If you are purchasing in Cheddleton It is critical that your conveyancing practitioner carry out all Cheddleton conveyancing searches required to ensure you have relevant and current information before purchasing a home in Cheddleton.