My friend's uncle is a conveyancer. I expect that I will receive preferential fee for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Forestdale?
It’s a good idea to obtain two or three conveyancing estimates. Make use of our search tool on this site. The charges may vary but the service one can expect differ between solicitors as is true with the vast majority of professional services.
The owners of the home we are looking to purchase hired a conveyancing practitioner in Forestdale who has recommended a lock out contract with a non-refundable deposit of 5k. Is it wise to enter into such agreements?
There are two main drawbacks with entering into any lock out agreement (occasionally termed a shut-out contract) is that it can distract from moving forward with the conveyancing work, so unless it requires little or no negotiation then it may turn out to be a hindrance. It is not particularly popular by Forestdale conveyancing lawyers for this reason. A further concern is the extent of the remedies available - a jilted buyer should not expect to be granted an injunction to prevent the vendor disposing of the property to a third party, so the only remedy open via the contract will be the recovery of wasted charges and, in restricted circumstances, the additional payment of damages.
It is 10 years ago since I bought my house in Forestdale. Conveyancing solicitors have now been retained on the sale but I am unable to track down the deeds. Is this a major issue?
Don’t worry too much. Firstly the deeds may be kept by your mortgage company or they could be in the possession of the solicitor who oversaw your purchase. Secondly the chances are that the land will be registered at the land registry and you will be able to prove you are the registered owner by your conveyancing solicitors procuring current official copies of the land registers. Nearly all conveyancing in Forestdale involves registered property but in the rare situation where your home is unregistered it adds to the complexity but is resolvable.
A colleague suggested that where I am purchasing in Forestdale I should carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
A search of this type is usually included in the estimate for your Forestdale conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Forestdale around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average House Prices, Crime details, Forestdale Education with maps and statistics, Local Amenities and other useful information concerning Forestdale.
My wife and I purchased a leasehold flat in Forestdale. Conveyancing and Platform Home Loans Ltd mortgage organised. A letter has just been received from someone claiming to own the reversionary interest in the property. It included a demand for arrears of ground rent dating back to 1998. The conveyancing solicitor in Forestdale who acted for me is not around. Do I pay?
First make enquiries of the Land Registry to be sure that the individual purporting to own the freehold is in fact the registered owner of the freehold reversion. It is not necessary to incur the fees of a Forestdale conveyancing practitioner to do this as you can do this on the Land Registry website for a few pound. You should note that in any event, even if this is the legitimate freeholder, under the Limitation Act 1980 the limitation period for recovery of ground rent is six years.
We have reached the end of our tether in seeking a lease extension in Forestdale. Can the Leasehold Valuation Tribunal adjudicate on premiums?
if there is a absentee freeholder or if there is disagreement about the premium for a lease extension, under the relevant statutes it is possible to make an application to the Leasehold Valuation Tribunal to decide the amount due.
An example of a Freehold Enfranchisement decision for a Forestdale property is The Woodlands 95 Purley Park Road in April 2009. The Tribunals own valuation produced the figure of £37,912. This case affected 6 flats. The unexpired term was 78.32 years.
My cousin is purchasing a ground floor flat in Forestdale. He was given a quote by the conveyancing practitioner recommended by the selling agents and it came to £1275 . It was eight years ago since I sold and purchased a property and it cost was £450. Have costs really gone up that much?
What does the conveyancing estimate include? Is it just for the legal fees, or what you will be paying in total (for example Forestdale searches, land registry fees, etc)