The solicitor who assisted with my last purchase has given a fee calculation of £1350 for leasehold conveyancing in High Wycombe. I’m selling a purpose built detached home for £125,000. Are the quoted fees excessive? Is it above what I should be paying for conveyancing in High Wycombe?
The charges are a tad high. If you are content to invest time contrasting prices you might decrease the fees marginally by perhaps £125. That being said, you mightlive to rue opting for an an unknown lawyer. Don't forget to enquire that the firm can act for your bank. Do make use of our search tool to find a High Wycombe conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in High Wycombe.
We wanted to use a conveyancing solicitor in High Wycombe for our house move. Our financial adviser informed us that our bank Godiva Mortgages Ltd won't deal with them. Why is this not regarded as unduly restrictive?
A mortgage company may insist on a panel solicitor act for it. You would be liable to meet the charges for this. Try using our search facility to find a solicitor to carry conveyancing in High Wycombe on the Godiva Mortgages Ltd approved list of solicitors.
We had chosen conveyancers locally in High Wycombe on the Barclays solicitor approved list. They have just billed me a separate amount for dealing with the Barclays mortgage. Is this an additional conveyancing fee set by Barclays?
Provided it is contained in their Terms of Engagement or Quote then yes your lawyer is entitled to charge a fee for this. This charge is not dictated by Barclays but by your High Wycombe property lawyer. Plenty of firms on the Barclays panel will charge ’dealing with mortgage’ fee but plenty of practices include it on their overall fee.
I am expecting a DIP from Skipton this week so we know how much we could potentially offer as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Skipton recommend any High Wycombe solicitors on the Skipton conveyancing panel, or is it better to find our own lawyer?
You will need to appoint High Wycombe solicitors independently although you'll need to choose one on the Skipton conveyancing panel. The solicitor represents both you and Skipton through the process.
Completion of my remortgage has taken place for my property in High Wycombe. Conveyancing was of an acceptable standard but I feel I should register my dissatisfaction about the lender. How do I make a complaint?
All lenders have complaints procedures. Your first point of contact should be one of the lender’s branches or the Customer Care Team at head office. Ordinarily complaints to a lender are sorted out effectively and efficiently. However if you are not satisfied that the matter is not resolved you can write to Financial Ombudsman Service, South Quay Plaza, 183 Marsh Wall, London E14 9SR with full details of your complaint.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. High Wycombe is where the house is located. Is there any advice you can give?
Flying freeholds in High Wycombe are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in High Wycombe you would need to get your solicitor to go through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in High Wycombe may ascertain that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
Having had my offer accepted I require leasehold conveyancing in High Wycombe. Before diving in I want to be sure as to the number of years remaining on the lease.
If the lease is recorded at the land registry - and most are in High Wycombe - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I purchased a garden flat in High Wycombe, conveyancing having been completed 3 years ago. How much will my lease extension cost? Equivalent flats in High Wycombe with over 90 years remaining are worth £191,000. The ground rent is £55 levied per year. The lease ends on 21st October 2076
With only 54 years unexpired we estimate the price of your lease extension to be between £31,400 and £36,200 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first getting professional advice.
I own a leasehold flat in High Wycombe. Conveyancing was completed in 2011. I have read on numerous consumer forums that I should not allow the the remaining lease term to get too short. Why is that a problem?
High Wycombe leasehold properties are for a prescribed period - normally just under one hundred years when they commenced. However a significant flats in High Wycombe were built or converted in the 60’s and so these leases now have less than eighty years left to run. This may sound like plenty of time however Banks, Building Societies and other mortgage lenders tend to require leases to have a minimum of seventy five years unexpired to adequate security. This means that when you come to sell the property you will need a lease extension if you are getting close to eighty years. To enhance the saleability of your property you should be thinking about whether to extend your lease well in advance of selling the property. Furthermore strong financial reasons to taking action before the lease hits 80 years as when the lease falls below eighty years the premium you have to pay to extend starts to escalate.