My family lawyer has given a fee calculation of just over a thousand pound for leasehold conveyancing in Newtown. I am selling a modern house for £125,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Newtown?
The charges are a tad high. If you shop around you may be able to trim some of the expense by as much as a hundred pounds. That being said, you maylive to regret opting for an a cheaper solicitor. Remember to be sure that the conveyancer can act for your mortgage company. You can use our comparison tool to find a Newtown conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Newtown.
My brother and I have just purchased a property in Newtown. We have since encountered a number of problems with the property which we believe were missed in the conveyancing searches. Do we have any recourse? Can you clarify the nature of searches that needed to have been conducted for conveyancing in Newtown?
The question is not clear as what problems have arisen and if they are specific to conveyancing in Newtown. Conveyancing searches and due diligence initiated as part of the buying process are supposed to help avoid problems. As part of the process, a property owner fills in a document known as a Seller’s Property Information Form. If the information provided is incorrect, you could possibly take legal action against the vendor for any losses that you have suffered. The survey should have identified any problems with the structure of the property. Assuming a detailed survey was carried out and the issues were not identified, you may have a claim against the surveyor. However, if you did not have a full survey, you may be responsible for fixing any defects that have now been noted. We would always encourage buyers to take every possible step to ensure they are completely aware of the condition of a property before purchase regardless of whether they are buying in Newtown.
We are planning on selling our property in Newtown and the buyers lawyers are claiming that there is a possibility that the property was constructed on contaminated land. A high street Newtown conveyancer would know that there is no such problem. For the life of me I don't know why the buyers instructed a factory type conveyancing outfit rather than a conveyancing solicitor in Newtown. We have lived in Newtown for 5 years we know of no issue. Should we contact our local Authority to get clarification need.
It would appear that you have a conveyancing solicitor already. Are they able to advise? You need to 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 sickness)
I've recently found out that there is a flying freehold element on a property I have offered on two weeks back in what was supposed to be a quick, chain free conveyancing. Newtown is the location of the property. Can you shed any light on this issue?
Flying freeholds in Newtown are not the norm but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Newtown you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Newtown 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 property.
Is it simple use the search tool to choose a conveyancing lawyer in Newtown on the approved list for my lender?
First pick a mortgage company such as Lloyds TSB Bank, Coventry Building Society or Alliance & Leicester then specify your preferred area for example Newtown. Conveyancing firms in Newtown and across England and Wales should be identified.
Estate agents have just been given the go-ahead to market my 2 bed flat in Newtown. Conveyancing solicitors are to be appointed soon, but I have recently had a half-yearly maintenance charge invoice – what should I do?
Your conveyancing lawyer is likely to suggest that you should discharge the invoice as normal given that all rents and maintenance payments will be apportioned on completion, so you will be reimbursed by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I purchased a 1 bedroom flat in Newtown, conveyancing was carried out 9 years ago. How much will my lease extension cost? Equivalent properties in Newtown with a long lease are worth £191,000. The ground rent is £55 levied per year. The lease comes to an end on 21st October 2077
You have 53 years remaining on your lease we estimate the price of your lease extension to be between £27,600 and £31,800 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure without more detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you should be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.