My previous conveyancer has sent a quote for £995 for freehold conveyancing in Honiton. I’m hoping to sell a purpose built detached home for £275,000. Is this over the top? Is it in excess of the average fee for conveyancing in Honiton?
The estimate does seem marginally overpriced. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, you mightcome to regret choosing an an untested lawyer. Don't forget to enquire the solicitor can also act for your mortgage company. Do use our search tool to get a quote a Honiton conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Honiton.
My Honiton conveyancer has discovered a difference when comparing the surveyor’s assumptions in the valuation report and what is revealed within the title deeds. My solicitor informs me that he needs to check that the bank is happy with this discrepancy and is content to go ahead. Is my lawyer’s approach right?
Your conveyancer must comply with the UK Finance Lenders’ Handbook requirements which do require that your lawyer disclose any incorrect assumptions in the lender’s valuation report and the legal papers. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for both parties.
We are close to exchanging contracts on the sale of our property in Honiton and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A local conveyancer would know that there is no such problem. It does beg the question why the buyers are using a nationwide conveyancing outfit as opposed to a conveyancing solicitor in Honiton. We have lived in Honiton for 5 years we know of no issue. Is it a good idea to contact our local Authority to get clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor already. What do they say? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same ailment)
I am buying a new build flat in Honiton. 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 legal work.
Set out below is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Honiton
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The Vendor must covenant to keep unsold units in good repair until long leases are granted therefore. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I am looking for a leasehold apartment up to £235,500 and identified one round the corner in Honiton I like with amenity areas and railway links nearby, the downside is that it's only got 52 years unexpired on the lease. I can't really find anything else in Honiton for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
Should you need a mortgage the shortness of the lease will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the current proprietor has owned the premises for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor concerning this matter.
I have been advised by numerous estate agents in Honiton to get a quote from a conveyancer on your site. Is there a financial incentive for Estate Agents to market your site ahead of alternative conveyancing organisations?
We refuse to offer any referral fee for directing people our way. We thought it would be too underhand a fee because home movers will think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.