I was referred a conveyancer who has sent a quote for £1200 for leasehold conveyancing in Feltham. I’m hoping to sell a modern property for £125,000. This sounds expensive. Is it above what I should be paying for conveyancing in Feltham?
The charges are a little high. Where you are content to expend time comparing prices you may be able to get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you maycome to rue opting for an a cheaper lawyer. Don't forget to enquire the firm can represent your lender. Do use our comparison tool to select a Feltham conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Feltham.
Will lawyers request an advanced payment for conveyancing in Feltham?
If you are buying a property in Feltham your solicitor will ask you place them with monies to cover the search fees. This will be the total of the cost of the conveyancing searches. When the down payment is as part of the sale price then this should be required shortly in advance of contracts are exchanged. The final balance that is needed should be transferred shortly before completion.
I am intent on selling our home in Feltham and according to the buyers it appears that there is a possibility that the property was constructed land that was not decontaminated. Any local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed a national conveyancing outfit as opposed to a conveyancing solicitor in Feltham. Having lived in Feltham for 5 years we know of no issue. Is it a good idea to contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing solicitor already. Are they able to advise? You should check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
Due to the advice of my in-laws I had a survey completed on a property in Feltham before retaining conveyancers. I have been informed that there is a flying freehold aspect to the property. The surveyor advised that some lenders may refuse to give a mortgage on such a property.
It varies from the lender to lender. Santander has different requirements for example to Nationwide. Should you wish to telephone us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Feltham. Conveyancing will be smoother if you use a solicitor in Feltham especially if they regularly deal with such properties in Feltham.
I am tempted by the attractive purchase price for a couple of apartments in Feltham which have approximately 50 years left on the lease term. Do I need to be concerned?
There are plenty of short leases in Feltham. The lease is a legal document that entitles you to use the property for a prescribed time frame. As a lease gets shorter the marketability of the lease decreases and it becomes more expensive to acquire a lease extension. This is why it is often a good idea to extend the lease term. Sometimes it is difficulties arise selling premises with a short lease as mortgage lenders may be unwilling to lend money on such properties. Lease extension can be a protracted process. We advise that you get professional assistance from a conveyancer and surveyor with experience in this arena.
I have attempted and failed to negotiate with my landlord to extend my lease without any joy. Can the Leasehold Valuation Tribunal decide on such issues? Can you recommend a Feltham conveyancing firm to help?
if there is a missing landlord or if there is disagreement about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the Leasehold Valuation Tribunal to judgment on the amount due.
An example of a Lease Extension case for a Feltham property is 147 Redford Close in June 2012. The Tribunal determined the lease extension premium to be at £4,200 This case affected 1 flat. The unexpired term was 82.93 years.
Are there any apps to help find a Feltham conveyancing solicitor on the lender conveyancing panel? I have a car and am prepared to travel up to 20miles to meet the solicitor.
You can use the find a conveyancing panel tool on this page. Please choose the lender and your location, in this case Feltham and you will see a number of lawyer located nearest Feltham. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the lender solicitor panel.