I was recommended to a lawyer who has given a fee calculation of £1350 for leasehold conveyancing in Cubitt Town. I am looking to sell a modern house for £300,000. Are the quoted fees excessive? Is it in excess of what I should be paying for conveyancing in Cubitt Town?
The estimate does seem marginally steep. If you shop around you might shave off some of the cost by say £100 plus VAT. On the other hand, you couldcome to rue opting for an an unknown solicitor. Don't forget to check that the firm can also act for your bank. Do employ our search tool to select a Cubitt Town conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Cubitt Town.
We are about to complete buying a property in Cubitt Town but as a result of damage from the recent storms I have managed to agree compensation from the seller in the sum of £3k by way of a reduction in the price. I had intended this to be dealt with as part of amending the contract however HSBC are not allowing this. Why were they notified?
Your lawyer that is on a HSBC conveyancing panel is obliged to advise HSBC of any changes to the sale price. If you were to refuse your lawyer to disclose the price change to HSBC then they would have to discontinue acting for you. In addition, HSBC and you would have to appoint a new lawyer for your conveyancing in Cubitt Town.
It is a dozen years since I bought my house in Cubitt Town. Conveyancing lawyers have now been appointed on the sale but I can't track down my title documents. Will this jeopardise the sale?
You need not be too concerned. First the deeds may be retained by your lender or they could be in the possession of the lawyers who acted in your purchase. Secondly the chances are that the land will be recorded at the land registry and you will be able to establish that you are the registered owner by your conveyancing solicitors acquiring current official copies of the land registers. The vast majority of conveyancing in Cubitt Town relates to registered property but in the unlikely event that your property is not registered it adds to the complexity but is not insurmountable.
Please explain the implications if my solicitor is removed from the Santander Conveyancing panel ahead of completing my conveyancing in Cubitt Town?
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 for a fee.
I have been on the look out for a leasehold apartment up to £235,500 and found one near me in Cubitt Town I like with amenity areas and transport links in the vicinity, however it's only got 61 remaining years left on the lease. There is not much else in Cubitt Town for this price, so just wondered if I would be making a grave error buying a short lease?
Should you need a mortgage the remaining unexpired lease term will be a potential deal breaker. Reduce the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least 2 years you may request that they start the process of the extension and then assign it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this matter.
As co-executor for the will of my grandmother I am selling a residence in Swansea but live in Cubitt Town. My solicitor (who is 200 kilometers awayneeds me to execute a statutory declaration before completion. Can you recommend a conveyancing lawyer in Cubitt Town to attest this legal document for me?
strictly speaking you are not likely to need to have the documents attested by a conveyancing solicitor. Normally any notary public or solicitor will do regardless of whether they are located in Cubitt Town