My previous solicitor has quoted just over a thousand pound for freehold conveyancing in Lincoln. I’m looking to sell a modern detached home for £250,000. Are the quoted fees excessive? Is it above the norm for conveyancing in Lincoln?
The charges are a tad high. Where you are willing to expend time contrasting charges you could trim some of the cost by perhaps a hundred pounds. On the other hand, you couldcome to regret choosing an an unknown conveyancer. Don't forget to check that the conveyancer can act for your lender. You can make use of our comparison tool to locate a Lincoln conveyancing practice on the banks member panel which can often include conveyancing solicitors in Lincoln.
The sellers of the home we are hoping to buy are using a conveyancing firm in Lincoln who has insisted on a lock out contract with a non-refundable deposit 10k. Are such agreements sensible?
There are a couple of main downsides with signing a lock out agreement (sometimes known as a no-shop agreement) is that it diverts attention away from progressing with the conveyancing transaction itself, so in the absence of it needing little or no negotiation then it may turn out to be a hindrance. It is not promoted amongst Lincoln conveyancing lawyers as a result. The other main concern is the extent of the remedies available - an aggrieved buyer is extremely unlikely to be granted an injunctive ruling by a court to prevent the owner disposing of the property to a third party, so the only remedy available under the contract will be the recovery of abortive charges and, in restricted situations, the extra payment of damages.
We are close to exchanging contracts on the sale of our house in Lincoln and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street Lincoln lawyer would know this is not the case. It does beg the question why the purchasers used a factory type conveyancing practice as opposed to a conveyancing solicitor in Lincoln. Having lived in Lincoln for 4 years we know that this is a non issue. Is it a good idea to contact our local Authority to seek clarification that the buyers are looking for.
It sounds as though you may have a conveyancing solicitor currently acting for you. Are they able to advise? You should check with 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 illness)
Due to the guidance of my in-laws I had a survey completed on a property in Lincoln before appointing solicitors. I have been told that there is a flying freehold element to the property. My surveyor advised that some lenders may refuse to grant a mortgage on such a house.
It varies from the lender to lender. Lloyds has different requirements for example to Halifax. If you call us we can look into this further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Lincoln. Conveyancing will be smoother if you use a solicitor in Lincoln especially if they are acquainted with such properties in Lincoln.
I need to appoint a conveyancing solicitor for purchase conveyancing in Lincoln. I happened to discover a site which looks to be the perfect solution If it is possible to get all formalities completed via email that would be ideal. Should I be wary? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
I wish to sublet my leasehold apartment in Lincoln. Conveyancing solicitor who did the purchase is retired - so can't ask her. Do I need to ask my freeholder for permission?
Some leases for properties in Lincoln do contain a provision to say that subletting is only allowed with permission. The landlord cannot unreasonably withhold but, in such cases, they would need to review references. Experience suggests that problems are usually caused by unsatisfactory tenants rather than owner-occupiers and for that reason you can expect the freeholder to take up the references and consider them carefully before granting consent.
Leasehold Conveyancing in Lincoln - Sample of Questions you should ask Prior to buying
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How many years remain on the lease? Who are the managing agents? The prefered form of lease structure is a share of the freehold. In this scenario the tenants enjoy being in charge if their destiny and although a managing agent is frequently retained if it is larger than a house conversion, the managing agent retained by the leaseholders.