I was referred a conveyancer who has given a fee estimate £1700 for fixed fee conveyancing in Highworth. I’m looking to sell a purpose built property for £225,000. Is this expensive? Is it above what I should be paying for conveyancing in Highworth?
The charges are a little high. If you shop around you may be able to reduce the fees slightly by as much as £125. On the other hand, you couldlive to regret choosing an an unknown conveyancer. Remember to check the conveyancer can also act for your lender. You can utilise our search tool to find a Highworth conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Highworth.
Can I use your services to find a Conveyancing solicitor in Highworth even if I’m not buying or disposing of a house, for instance if I want to acquire an office in Highworth with a mortgage from Virgin Money?
The service is primarily utilised to find domestic conveyancing solicitors in Highworth but we have recorded towards the bottom of this page a selection of Highworth commercial conveyancing firms. You will need to speak with the company directly to establish if they are also authorised to represent Virgin Money
The Highworth conveyancing firm that just started acting on my house acquisition in Highworth have suddenly shut down. I chose them because I had to have a firm on the Coventry BS conveyancing panel and my family Highworth lawyer was not. I gave my credit card details for them to take one hundred and fifty pounds for searches. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they advise the vendors that there may be a slight delay due to reasons beyond your control. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Coventry BS conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers may be able to help.
My aunt advised me that in buying a property in Highworth there may be various restrictions preventing external changes to a property. Is this right?
There are anumerous of properties in Highworth which have some sort of restriction or requirement of consent to perform external changes. Part of the conveyancing in Highworth should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
We have a mortgage agreed in principle with Bank of Ireland. Highworth conveyancing practitioners are instructed. How long does it take for Bank of Ireland to issue the offer to the property lawyer?
There is no definitive answer here. Have Bank of Ireland conducted the valuation? Have you informed Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
I can not fathom if my lender obliges me to make sure the lease term for the flat is extended prior to the completion date. I have called into my local Highworth building society branch on a couple of occasions and was advised it wasn't a problem and they will lend. My Highworth conveyancing solicitor - who is on the mortgage company conveyancing panel- telephoned to say that they will not lend in accordance with their UK Finance Lenders’ Handbook minimum lease term requirements. Who do I believe?
Provided that the conveyancing practitioner is on the lender approved list, they must follow the Council of Mortgage Lenders’ Handbook provisions for the bank. Unless your lawyer obtains specific confirmation in writing that the lender will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the mortgage company to contact your lawyer in writing confirming that they will accept the number of years remaining.
I used Wolstenholmes a few years past for my conveyancing in Highworth. Now, I need the documents but the law firm is no longer operating. What do I do?
Do contact the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Highworth of the conveyancing firm of solicitors you previously retained, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
Do you have any advice for leasehold conveyancing in Highworth with the aim of expediting the sale process?
- A significant proportion of the frustration in leasehold conveyancing in Highworth can be bypassed if you appoint lawyers the minute you market your property and request that they start to collate the leasehold information needed by the buyers’ conveyancers. You may think that you are aware of the number of years left on your lease but you should double-check via your conveyancers. A purchaser's conveyancer will not be happy to advise their client to to exchange contracts if the remaining number of years is below 75 years. In the circumstances it is essential at an as soon as possible that you identify whether the lease for your property needs extending. If it does, contact your solicitors before you put your property on the market for sale. Many landlords or managing agents in Highworth charge for supplying management packs for a leasehold home. You or your lawyers should discover the actual amount of the charges. The management information sought on or before finding a buyer, thus reducing delays. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Highworth. If you have the benefit of shareholding in the Management Company, you should make sure that you are holding the original share certificate. Organising a replacement share certificate is often a time consuming formality and frustrates many a Highworth conveyancing deal. If a reissued share is necessary, you should approach the company director and secretary or managing agents (if applicable) for this sooner rather than later.
I acquired a studio flat in Highworth, conveyancing formalities finalised half a dozen years ago. Can you please calculate a probable premium for a statutory lease extension? Equivalent properties in Highworth with a long lease are worth £201,000. The ground rent is £45 levied per year. The lease terminates on 21st October 2090
You have 65 years left to run the likely cost is going to span between £13,300 and £15,400 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action based on this information before getting professional advice.