The lawyer who assisted with my last purchase has given a fee estimate £1700 for fixed fee conveyancing in Morden. I am hoping to sell a Victorian property for £225,000. Are these conveyancing fees excessive? Is it above the average fee for conveyancing in Morden?
The charges are a bit high. If you are willing to invest time contrasting costs you might get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, you mightcome to regret choosing an a cheaper conveyancer. Remember to enquire that the solicitor can represent your lender. You can use our comparison tool to get a quote a Morden conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Morden.
At what point does exchange of contracts happen for residential conveyancing in Morden and do I need to attend the solicitors office?
Where you are near to one of the conveyancing solicitors in Morden you are invited in to sign contracts. That being said, the lender approved solicitors we recommend supply a nationwide conveyancing service and provide just as diligent and professional a job for you when communicating with you electronically. The signing of the sale agreement is not the critical part. A signed contract is necessary for the firm to officially exchange at the appropriate time, which will usually be very shortly after signing. The exchange process is nowadays normally dealt with by telephone and can be very rapid, although where a long "chain" is in play, since the process requires the relevant party's solicitor (not necessarily a conveyancing solicitor in Morden)to be in the office at the appropriate time.
The estate agent has sent us the confirmation of our purchase of a new build flat in Morden. 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.
Here is a sample of a few leasehold new build questions that you may expect your new-build leasehold conveyancing in Morden
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Will control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company?
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, no chain conveyancing. Morden is the location of the property. Can you offer any advice?
Flying freeholds in Morden are rare but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Morden you must be sure that your lawyer goes through the deeds diligently. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Morden may determine 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.
We are 18 days into a leasehold purchase having been recommend to solicitors by the local agent to perform conveyancing in Morden. I am am very frustrated with the quality of service. Can you you assist me in finding new lawyers?
They would need to be very poor in order to consider replacing them. Has the loan offer been sent? In the event that it has you will need to make them aware of the new conveyancer and have the loan are re-sent. Your solicitor ideally needs to be on the mortgage company approved list to avoid escalating fees and frustration. That should be your first question of the new lawyers. Our search tool can help you find a bank approved conveyancer for your home move in Morden
I am in need of some leasehold conveyancing in Morden. Before I set the wheels in motion I would like to find out the unexpired term of the lease.
If the lease is recorded at the land registry - and 99.9% are in Morden - then the leasehold title will always include the short particulars of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Following months of dialogue we are unable to agree with our landlord on how much the lease extension should cost for our flat in Morden. Can we issue an application to the Residential Property Tribunal Service?
if there is a missing freeholder or if there is dispute about what the lease extension should cost, under the Leasehold Reform, Housing and Urban Development Act 1993 it is possible to make an application to the First-tier Tribunal (Property Chamber) to determine the price payable.
An example of a Lease Extension decision for a Morden flat is 14 Nutwell Street in January 2014. The premium payable for the acquisition of a new lease of the subject premises was in the sum of £30,523 This case was in relation to 1 flat. The unexpired residue of the current lease was 62.94 years.