My previous conveyancer has quoted £1700 for leasehold conveyancing in Keston. I’m looking to sell a Georgian property for £300,000. Is this too much? Is it above the average fee for conveyancing in Keston?
The estimate does seem a tad overpriced. If you shop around you might reduce the fees marginally by perhaps a hundred pounds. On the other hand, you maylive to rue choosing an an unknown lawyer. If is important to ensure the conveyancer can represent your bank. You can use our search tool to find a Keston conveyancing company on the banks member panel which can often include conveyancing solicitors in Keston.
My conveyancer has identified a a problem with the lease for the apartment we are buying in Keston. The other side have suggested defective title insurance as a solution. We are content with insurance and will pay for it. Our property lawyer has advised that he must ensure that the mortgage company is willing to move forward with this solution. Are we the client or is the bank?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and the lender are the client. Your conveyancer must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the mortgage company can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
About to purchase a new build apartment in Keston. Conveyancing is daunting 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 selection of leasehold new build enquiries that you may expect your new-build leasehold conveyancing in Keston
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. 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. Please confirm the Lease plans are surveyor prepared. Please supply a car parking plan.
I have been on the look out for a flat up to £235,500 and identified one close by in Keston I like with open areas and transport links in the vicinity, the downside is that it only has 51 years unexpired on the lease. There is not much else in Keston for this price, so just wondered if I would be making a mistake acquiring a short lease?
Should you need a mortgage the remaining unexpired lease term will be an issue. Discount the price by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least twenty four months you could ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer concerning this matter.
Taking into account that I will soon part with over three hundred thousand on a terraced house in Keston I would like to have a conversation with the solicitor about myhome move prior to appointing the firm. Can this be arranged?
Absolutely - it is our preference to talk to you we do not take any clients on without you first talking to the lawyer due to be doing your conveyancing in Keston.There is no ‘factory style conveyancing’ - each client is an important person, not a matter reference. The practices that we put you in touch with believe that the figure you are provided with for your conveyancing in Keston should be the amount on the final invoice that you are charged.
In my capacity as executor for the estate of my grandfather I am selling a property in Monmouth but live in Keston. My solicitor (approximately 250 miles from mehas requested that I execute a statutory declaration prior to the transaction finalising. Could you suggest a conveyancing practitioner in Keston who can attest this legal document for me?
Technically speaking you are not likely to be required to have the documents attested by a conveyancing solicitor. Ordinarily any notary public or solicitor will suffice regardless of whether they are based in Keston