I was recommended to a lawyer who has sent a quote for £995 for leasehold conveyancing in Duffield. I’m selling a newly refurbished detached home for £125,000. This seems overpriced. Is it above the norm for conveyancing in Duffield?
The costs illustration is slightly on the expensive side. If you shop around you might get the conveyancing a bit cheaper by perhaps £125. On the other hand, you mightcome to regret choosing an an untested lawyer. Remember to be sure the conveyancer can also act for your mortgage company. You can utilise our search tool to select a Duffield conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Duffield.
I require expedited conveyancing in Duffield as I am faced with pressure to exchange contracts in less than one month. Luckily I do not require a mortgage. Is it possible to avoid the conveyancing searches to save fees and time?
As you are not obtaining a home loan you have the choice not to have searches conducted although no conveyancer would recommend that you don't. With plenty of history conveyancing in Duffield the following are examples of issues that can crop up and adversely affect market value: Enforcement Actions, Overdue Charges, Overdue Grants, Unadopted Roads,...
Me and my brother have a 4 bedroom Victorian house in Duffield. Conveyancing solicitor represented me and Norwich and Peterborough Building Society. I did a free Land Registry search last week and there are a couple of entries: one for freehold, the second leasehold under the exact same property. If a house is not a freehold shouldn't I have been informed?
You should assess 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 owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Duffield and other locations in 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 buyers. You can also check the situation with the conveyancing practitioner who completed the work.
Due to the encouragement of my in-laws I had a survey completed on a house in Duffield ahead of instructing lawyers. I have been advised that there is a flying freehold overhang to the house. Our surveyor advised that some banks may not grant a mortgage on a flying freehold house.
It depends who your proposed lender is. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can look into this further with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Duffield. Conveyancing will be smoother if you use a solicitor in Duffield especially if they regularly deal with such properties in Duffield.
In my capacity as executor for the estate of my aunt I am disposing of a house in Neath but reside in Duffield. My conveyancer (approximately 200 miles awayhas requested that I sign a stat dec ahead of completion. Could you suggest a conveyancing solicitor in Duffield to witness this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will do regardless of whether they are located in Duffield
I own a leasehold flat in Duffield. Conveyancing was finalised in 2011. I have been told that I mustn’t allow the lease length fall too short. What is the reasoning?
Duffield domestic long term leases are for a set term - normally 99 years when they started. However a significant appartments in Duffield were built or converted 20 or more years ago and so these leases now have under 80 years remaining. This may seem like a long time but Banks, Building Societies and other mortgage institutions on the whole need leases to have at least seventy five years remaining to adequate security. This means that when you come to sell the property you will need to extend the term of your lease if you are getting close to seventy five years. To maximise the marketability of your property you should be considering whether or not to extend your lease well in advance of selling the property. There are also significant benefits to doing so before the lease reaches even 80 years as when the lease is below eighty years the premium you have to pay to extend starts to escalate.