The solicitor who assisted with my previous purchase has given a fee estimate £1200 for leasehold conveyancing in Oakwood. I’m selling a Victorian detached home for £300,000. Are these conveyancing fees excessive? Is it in excess of the norm for conveyancing in Oakwood?
The charges are a bit high. Where you are happy to invest time contrasting costs you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, you maycome to rue choosing an a cheaper solicitor. Remember to enquire the firm can also act for your bank. You can use our comparison tool to find a Oakwood conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Oakwood.
We are due to exchange buying a property in Oakwood but as a result of damage from the recent storms I have managed to agree compensation from the vendor of £2k by way of a adjustment in the price. This was going to be addressed as part of the conveyancing process yet TSB will not permit this. Why were they involved?
Your property lawyer that is on the TSB approved list is obliged to disclose to TSB of any amendments to the purchase price. If you were to refuse your lawyer to disclose the price change to TSB then they would have to discontinue acting for you. In addition, TSB and you would have to appoint a new property lawyer for your conveyancing in Oakwood.
Yesterday I discovered that there is a flying freehold element on a property I have offered on two weeks back in what should have been a straight forward, no chain conveyancing. Oakwood is the location of the property. Can you shed any light on this issue?
Flying freeholds in Oakwood are unusual but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Oakwood you must be sure that your lawyer goes through the deeds thoroughly. Your bank may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Oakwood 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.
What tools are available to identify a Oakwood law firm on the The Royal Bank of Scotland conveyancing panel? I have a car and am happy to travel upto 10miles to meet the conveyancer.
Feel free to make use of the tool on this website. Please select a bank and your location and you will see a number of Oakwood conveyancing lawyers locally. We have listed some Oakwood conveyancing firms towards the end of this page and you can ring them to verify whether they are on the The Royal Bank of Scotland panel
I’m about to sell my ground floor apartment in Oakwood. Conveyancing lawyers have not yet been instructed, however I have just had a yearly service charge demand – Do I pay up?
The sensible thing to do is pay the invoice as you normally would as all rents and service invoices will be allotted as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most managing agents 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 invested in buying a 2 bed flat in Oakwood, conveyancing having been completed half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Comparable flats in Oakwood with an extended lease are worth £265,000. The ground rent is £50 charged once a year. The lease runs out on 21st October 2102
With 76 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. You should not use this information in a Notice of Claim or as an informal offer. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
I pay a maintenance contribution for my appartment in Oakwood. Due to redundancy and other issues I slipped into arrears with remittance. I negotiated a payment schedule but there is still two currently outstanding.
I now wish to dispose of the property and I am nervous that this can threaten to derail the sale if I have to discharge the arrears now. Do I have to settle before - is this practicable?
The lawyer undertaking your Oakwood sale should be in a position to negotiate with the appropriate parties, with a new to seeing if they would accept settlement out of the completion monies. Here is an example of why it is advisable to select a conveyancing practitioner in Oakwood as they are likely to have an established relationship with the management company.