Recently been in touch with my conveyancing solicitor in Hanham who completed the legal work two years ago asking for a conveyancing quote based on an identical type of house sale & purchase (a leasehold residence and a freehold property) of similar values with a home loan from Lloyds TSB Bank. It looks as though am now being quoted double. Am I right to be tempted to shop around for an alternative conveyancer?
The estimate fees are a tad high. If you you were to look around you might shave off some of the expense by perhaps £100 plus VAT. That being said, if you were happy with the legal work the firm provided you couldcome to rue choosing an an unknown conveyancer. If is important to ensure that the solicitor can act for Lloyds TSB Bank. Do utilise our search tool to select a Hanham conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Hanham.
My husband and I are getting closer to an exchange on a house in Hanham and my parents have transferred the ten percent deposit to my conveyancing practitioner. I am now advised that as the deposit has been received from someone other than me my property lawyer needs to disclose this to my mortgage company. I am advised that, in also acting for the mortgage company he must inform them that the balance of the purchase price is not just from me. I informed the lender regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to be an issue?
Your conveyancing practitioner is obliged to clarify with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
I am buying a new build apartment in Hanham. Conveyancing is a frightening process at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build conveyancing.
Here are examples of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Hanham
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Please provide evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? There must be mutual enforceability of lessee’s covenants. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose?
My company is looking to take over a lease of an office on the high street. Can you recommend solicitors offering no-sale-no costs for non-domestic conveyancing in Hanham for less than 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Hanham, including the disposal and purchase of businesses as well as simply property. Whether you are looking to acquire or lease a shop, pub, restaurant, office, retail premises or a complete business we can find you the right solicitor. Regarding the charges this will depend on the structure and terms of the proposed transaction. Let us have your details or phone us so that we can furnish you with a fixed commercial conveyancing quote.
If all goes to plan we aim to complete the sale of our £400,000 flat in Hanham in just under a week. The freeholder has quoted £300 for Certificate of Compliance, building insurance schedule and 3 years statements of service charge. Is it legal for a freeholder to charge an administration fee for a flat conveyance in Hanham?
Hanham conveyancing on leasehold flats normally requires the purchaser’s lawyer sending enquiries for the landlord to address. Although the landlord is not legally bound to answer such questions the majority will be willing to do so. They are at liberty to charge a reasonable charge for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is £350, in some cases it exceeds £800. The management information fee invoiced by the landlord must be sent together with a summary of entitlements and obligations in relation to administration fees, otherwise the invoice is not strictly payable. Reality however dictates that you have little option but to pay whatever is requested of you should you wish to complete the sale of your home.
I inherited a 1st floor flat in Hanham, conveyancing formalities finalised in 2001. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in Hanham with over 90 years remaining are worth £216,000. The ground rent is £50 levied per year. The lease expires on 21st October 2094
With just 69 years left to run we estimate the price of your lease extension to be between £9,500 and £11,000 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.
The mortgage agreement from a bank for the refinancing of my 2 bedroom garden flat is coming imminently. Can you recommend a cheap remortgage conveyancing solicitor in Hanham ?
You are on the wrong site if you are in need of a cheap conveyancing in Hanham. Our aim is to provide value for money conveyancing but our intention is not to advertise as being the cheapest. Do not be fooled by brokers offering £99 conveyancing in Hanham.In your best case scenario, in going for cheap conveyancing, you will get what you pay for and at worst you will end up being stung for extras and still not receive the service you were hoping for.