Our family lawyer has given a fee estimate £1200 for freehold conveyancing in Muswell Hill. I am looking to sell a modern property for £250,000. Is this expensive? Is it above what I should be paying for conveyancing in Muswell Hill?
The estimate does seem a tad overpriced. If you shop around you could get the conveyancing a bit cheaper by perhaps £100 plus VAT. On the other hand, you couldlive to rue choosing an a cheaper solicitor. If is important to be sure that the solicitor can also act for your lender. Do employ our search tool to locate a Muswell Hill conveyancing firm on the banks member panel which can often include conveyancing solicitors in Muswell Hill.
Why do I have to pay up front for conveyancing in Muswell Hill?
If you are buying a property in Muswell Hill your solicitor will request that you put them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the conveyancing searches. When the down payment is payable against the total price then this will be needed shortly before exchange of contracts. The final balance that is needed should be sent to your lawyer a couple of days ahead of the completion date.
I need some quick conveyancing in Muswell Hill as I am faced with pressure to complete in less than one month. Luckily I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are are a cash buyer you are at liberty not to have searches conducted although no law firm would suggest that you don't. Drawing on years of experience of conveyancing in Muswell Hill the following are instances of issues that can appear and adversely affect future saleability: Refused Planning Applications, Outstanding Charges, Overdue Grants, Road Schemes,...
My wife and I purchased a terraced Georgian property in Muswell Hill. Conveyancing solicitor represented me and Accord Mortgages Ltd. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, another for leasehold with the matching address. Is it worth asking Accord Mortgages Ltd to clarify?
You should assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Muswell Hill and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing practitioner who conducted the purchase.
I am buying a new build house in Muswell Hill with the aid of help to buy. The developers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The sale representative advised me not reveal to my conveyancer about this side-deal as it would jeopardize my loan with the bank. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I've recently found out that there is a flying freehold issue on a house I have offered on a fortnight ago in what was supposed to be a simple, no chain conveyancing. Muswell Hill is the location of the property. What do you suggest?
Flying freeholds in Muswell Hill are rare but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Muswell Hill you would need to get your solicitor to go 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 Muswell Hill may decide 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 premises.