My family solicitor has given a fee calculation of £1200 for no completion no fee conveyancing in Old Malden. I am hoping to sell a modern detached home for £225,000. This seems expensive. Is it above what I should be paying for conveyancing in Old Malden?
The estimate does seem marginally overpriced. If you shop around you might shave off some of the expense by perhaps £125. On the other hand, you maylive to regret opting for an an untested solicitor. Don't forget to check the firm can act for your mortgage company. You can utilise our comparison tool to get a quote a Old Malden conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Old Malden.
What happens if my lawyer’s firm is suspended from the UBS Solicitor panel ahead of completing my conveyancing in Old Malden?
First, this is a very rare occurrence. In most cases even where a law firm is removed off of a panel the lender would allow the completion to go ahead as the lender would appreciate the difficulties that they would place you in if you have to instruct a new solicitor days before completion. In a worst case scenario where the lender insists that you instruct a new firm then it is possible for a very good lawyer to expedite the conveyancing albeit that you may pay a significant premium for this. The analogous situation is where a buyer instructs a lawyer, exchanges contracts and the law firm is shut down by a regulator such as the SRA. Again, in this situation you can find lawyers who can troubleshoot their way to bring the conveyancing to a satisfactory conclusion - albeit for a fee.
Just had an offer accepted on a new build flat in Old Malden. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below are examples of a few leasehold new build questions that you can expect your new-build leasehold conveyancing in Old Malden
If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Forfeiture - bankruptcy or liquidation must not apply under this provision. Please confirm the Lease plans are surveyor prepared.
Over the last few months I have been searching for a ground for flat up to £195,000 and identified one close by in Old Malden I like with open areas and transport links nearby, however it's only got 49 remaining years left on the lease. There is not much else in Old Malden for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you require a home loan that many years may be problematic. Reduce the offer by the anticipated lease extension will cost if it has not already been discounted. If the existing proprietor has owned the property for at least 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer about this.
My business partner and I are planning to take over a lease of an office on a shopping parade. Can you recommend conveyancers offering no-move-no fees for non-domestic conveyancing in Old Malden for under 2k?
We are happy to recommend firms who have an in-depth of experience of commercial conveyancing in Old Malden, including the disposal and purchase of businesses as well as simply premises. Whether you are hoping to acquire or sell a shop, pub, restaurant, office, retail premises or a whole business we will find you the right lawyer. Regarding the fees these will vary based on the structure and terms of the proposed transaction. Let us have your details or call us so that we may supply you with a fixed commercial conveyancing calculation.
Should I use a Old Malden conveyancing practitioner who is local to the property I am purchasing? We have a good friend who can handle the legal work however they are based 400kilometers away.
The benefit of a local Old Malden conveyancing practice is that you can drop in to sign documents, deliver your identification documents and pester them if necessary. Having local Old Malden know how is a plus. That being said nothing is more important than finding someone that will do a good and efficient job. If you know people who instructed your friend and the majority were happy that must outweigh using an unfamiliar Old Malden conveyancing solicitor just because they are local.