My previous lawyer has quoted £1400 for freehold conveyancing in Old Swan. I’m hoping to downsize from a newly refurbished detached home for £125,000. Are the quoted fees excessive? Is it in excess of the norm for conveyancing in Old Swan?
The estimate does seem a tad steep. If you shop around you could get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you mightcome to regret choosing an a cheaper solicitor. If is important to check the firm can act for your bank. Do employ our comparison tool to find a Old Swan conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Old Swan.
How up to date is your database of Old Swan solicitors on the Bank of Ireland conveyancing panel? Do Bank of Ireland send you an updated list?
Old Swan conveyancing firms themselves provide us confirmation that they are on the Bank of Ireland conveyancing panel as opposed to being supplied with a list from Bank of Ireland directly.
My uncle passed away six months ago and as sole heir and executor I was left the property in Old Swan. The house had a relatively small loan remaining of approximately £8000. I want to transfer the title deeds into my name whilst I re-mortgage to Skipton, pay off the mortgage. Is this allowed?
Where you intend to re-mortgage then Skipton will require that you use a conveyancer on the Skipton conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Skipton conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Skipton mortgage is registered as a charge at the Land Registry.
Due to the input of my in-laws I had a survey completed on a house in Old Swan prior to retaining conveyancers. I have been informed that there is a flying freehold element to the property. My surveyor advised that some banks will not issue a mortgage on this type of home.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Old Swan. Conveyancing may be slightly more expensive based on your lender's requirements.
We're new on the property ladder - had an offer accepted, but the agent informed us that the vendor will only proceed if we instruct their preferred solicitors as they need a ‘quick sale’. Our preferred option is to instruct a family conveyancer accustomed to conveyancing in Old Swan
It is improbable the vendors are driving this. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is going to damage their objectives. Avoid the agents and go straight to the sellers and explain that (a)you are genuine purchasers (b)you are ready to progress, with mortgage lined up © you have nothing to sell (d) you wish to move quickly (e)however you intend to appoint your own,trusted Old Swan conveyancing solicitors - rather thanthe ones that will earn the estate agent a kickback or achieve conveyancing thresholds pre-set by corporate headquarters.
I am a negotiator for a reputable estate agent office in Old Swan where we have experienced a number of leasehold sales derailed due to leases having less than 80 years remaining. I have been given contradictory information from local Old Swan conveyancing solicitors. Could you shed some light as to whether the owner of a flat can start the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the sale.
An alternative approach is to agree the lease extension with the freeholder either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Old Swan Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
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The majority of Old Swan leasehold flats will incur a service charge for the upkeep of the block levied by the management company. Should you purchase the apartment you will have to pay this contribution, normally periodically throughout the year. This can be anything from a few hundred pounds to thousands of pounds for blocks with lifts and large communal grounds. In all likelihood there will be a ground rent for you to pay annual, ordinarily this is not a significant amount, say about £25-£75 but you need to enquire as sometimes it could be many hundreds of pounds. You will want to discover as much as possible regarding the company managing the block as they will affect your use and enjoyment of the property. Being a leasehold owner you are often in the clutches of the managing agents from a financial perspective and when it comes to practical issues like the upkeep of the common parts. Don't be shy to ask prospective neighbours what they think of them. Finally, be sure you know the dates that you are obliged pay the service charge to the appropriate party and specifically what it includes. How many years remain on the lease?