I was referred a conveyancer who has given a fee estimate just over a thousand pound for fixed fee conveyancing in Didsbury. I am selling a purpose built detached home for £175,000. Are these estimated fees excessive? Is it above the norm for conveyancing in Didsbury?
The estimate does seem marginally steep. Where you are prepared to spend time scrutinising prices you could get the conveyancing a bit cheaper by say £125. That being said, you maylive to regret choosing an an unknown conveyancer. Remember to check the firm can act for your bank. Do make use of our search tool to select a Didsbury conveyancing firm on the lender’s conveyancing panel which can often include conveyancing solicitors in Didsbury.
My uncle passed away last year and as sole heir and executor I was left the property in Didsbury. The house had a relatively small loan remaining of approximately £5k. I want to transfer the title deeds into my name whilst I re-mortgage to Bank of Ireland, pay off the mortgage. Is this allowed?
If you intend to refinance then Bank of Ireland will require that you use a conveyancer on the Bank of Ireland conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Bank of Ireland conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Bank of Ireland mortgage is registered as a charge at the Land Registry.
A friend advised me that where I am buying in Didsbury I should ask my conveyancer to perform a Neighbourhood, Planning and Local Amenity Search. What does it cover?
This is a search is usually quoted for as part of the standard Didsbury conveyancing searches. It is not a small document of about 40 pages, listing and detailing important information about Didsbury around the property and the people living there. It includes an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Didsbury Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Didsbury Education with plans and statistics, Local Amenities and other useful data regarding Didsbury.
Over the last few months I have been searching for a flat up to £235,500 and found one round the corner in Didsbury I like with open areas and transport links nearby, however it only has 61 years unexpired on the lease. There is not much else in Didsbury for this price, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a home loan the shortness of the lease will likely be a potential deal breaker. Discount the price by the expected lease extension will cost if it has not already been discounted. If the existing owner has owned the property for a minimum of twenty four months you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
I was advised by numerous property agents in Didsbury to find a property lawyer using your seach tool. What’s the financial incentive for Estate Agents to recommend your lawyers ahead of another?
We refuse to give any referral fee for sending work our way. We thought it would be too underhand a fee as members of the public would think, ‘Why is the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.
If instructed can a conveyancer remove a name from the title of my home in Didsbury ?
Removing or adding someone to the title of your home is relatively straightforward. You’ll need to appoint a property lawyer to discuss your legal rights before you can proceed with a transfer of property. Contact us to book a free consultation with one a property lawyer