Our family solicitor has given a fee calculation of just over a thousand pound for fixed fee conveyancing in Penkridge. I’m selling a newly refurbished house for £150,000. This appears over the top. Is it in excess of what I should be paying for conveyancing in Penkridge?
The estimate does seem a tad overpriced. If you shop around you might shave off some of the expense by as much as a hundred pounds. On the other hand, you mightcome to regret choosing an an untested conveyancer. If is important to ensure the conveyancer can also act for your lender. Do use our search tool to find a Penkridge conveyancing practice on the banks member panel which can often include conveyancing solicitors in Penkridge.
Is it possible for conveyancing in Penkridge to be done in 3 weeks?
In a situation where the seller is applying pressure for your conveyancing it is advisable to make sure that your lawyer is familiar with the location as they will have local contacts and insight. It is even conceivable that they may have conducted previousproperties in the same neighbourhood. You would be best advised to use a Penkridge conveyancing lawyer. In addition, check that the conveyancing firm is on the member panel. It is believed that 18% of Penkridge conveyancing transactions are frustrated or jeopardised after discovering a buyer’s conveyancer was not on their banks panel. In many cases this discovery resulted in the transaction being delayed by as much as three weeks. It is estimated that this issue affects in the region of one hundred thousand home sales every year. Most Penkridge conveyancing firms can not represent certain lenders so do check as early as possible.
I used Action Conveyancing several years past for my conveyancing in Penkridge. I now require my file but the law firm is no longer operating. What do I do?
You should call the Solicitors Regulatory Authority (SRA) to help locate your conveyancing files. They can be contacted on please contact on 0870 606 2555. Alternatively, you should use their online form to make an enquiry. You will need to provide the SRA with as much information as possible to assist their search, including the name and address in Penkridge of the conveyancing firm of solicitors you previously used, the name of conveyancing solicitor with whom you had dealings, and the date on which you last had dealings with the firm.
I'm buying a new build house in Penkridge with a mortgage from Halifax. The developers would not budge the price so I negotiated 6k of extras instead. The estate agent suggested that I not reveal to my lawyer about the deal as it could impact my mortgage with the bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the developer 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.
Due to the advice of my in-laws I had a survey completed on a property in Penkridge prior to appointing lawyers. I have been advised that there is a flying freehold aspect to the property. Our surveyor has said that some lenders will not grant a mortgage on such a premises.
It depends who your proposed lender is. Bank of Scotland has different instructions for example to Halifax. Should you wish to call us we can investigate further via the relevant bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Penkridge. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Penkridge to see if the conveyancing costs will increase in light of this.
Can you offer any advice when it comes to choosing a Penkridge conveyancing firm to deal with our lease extension?
If you are instructing a conveyancer for your lease extension (regardless if they are a Penkridge conveyancing firm) it is imperative that he or she should be familiar with the legislation and specialises in this area of conveyancing. We advise that you make enquires with several firms including non Penkridge conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then so much the better. The following questions might be useful:
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What volume of lease extensions have they conducted in Penkridge in the last 12 months? Can they put you in touch with clients in Penkridge who can give a testimonial?
I am the registered owner of a garden flat in Penkridge, conveyancing was carried out in 2001. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Penkridge with over 90 years remaining are worth £176,000. The ground rent is £50 per annum. The lease runs out on 21st October 2105
With only 80 years unexpired we estimate the price of your lease extension to be between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Please do not take any other action based on this information before seeking the advice of a professional.