I was referred a solicitor who has sent a quote for £995 for freehold conveyancing in Hoddesdon. I am selling a purpose built property for £250,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Hoddesdon?
The costs illustration is fractionally on the expensive side. If you shop around you could reduce the fees slightly by say £100 plus VAT. On the other hand, you maycome to rue opting for an an unknown conveyancer. Don't forget to be sure the conveyancer can act for your mortgage company. Do make use of our search tool to find a Hoddesdon conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Hoddesdon.
Our grandson is buying a house that has just been built in Hoddesdon with a mortgage from Skipton. His solicitor has said that there is a delay in completing the ‘Disclosure of Incentive Form’. This document is news to me - what is it and who needs sight of it?
The form is intended to provide information to the main parties engaged in the purchase. Therefore, it will be provided to your son’s lawyer who should be on the Skipton conveyancing panel as a standard part of the process, and to the surveyor when requested. The developer will be required to start the process by downloading the form and completing it. The form will therefore need to be available for the valuer at the time of his or her site visit. The form should be sent to the Skipton conveyancing panel solicitor as early as possible, in order to avoid any last minute delays, and no later than at exchange of contracts.
I have Fifty Six years remaining on my lease and require a lease extension for my apartment in Hoddesdon. Conveyancing solicitors on the Platform panel can deal with such extensions right?
Most leasehold conveyancing experts should be able to deal with a lease extension. if you are securing a mortgage then your lender may insist that the lease be extended before competition. Platform have specific requirements as set out in the UK Finance Lenders’ Handbook in relation to minimum unexpired lease terms. As of 25/7/2021 the requirements read as follows :
I am buying a new build flat in Hoddesdon. Conveyancing is necessary evil 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.
Set out below is a sample of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Hoddesdon
The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please confirm the Lease plans are architect prepared. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Please supply a car parking plan.
Yesterday I discovered that there is a flying freehold element on a house I have offered on two weeks back in what was supposed to be a straight forward, chain free conveyancing. Hoddesdon is the location of the property. What do you suggest?
Flying freeholds in Hoddesdon are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Hoddesdon 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 Hoddesdon 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 residence.
What does commercial conveyancing in Hoddesdon cover?
Hoddesdon conveyancing for business premises covers a wide array of services, given by regulated solicitors, relating to business property. For example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of leases.