My previous conveyancer has quoted £1150 for no completion no fee conveyancing in Petersfield. I am hoping to downsize from a Victorian property for £125,000. This seems too much. Is it above the average fee for conveyancing in Petersfield?
The estimate does seem marginally steep. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, you couldlive to regret opting for an an untested conveyancer. Don't forget to check the firm can represent your mortgage company. You can employ our search tool to select a Petersfield conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Petersfield.
My wife and I own a renovated Victorian house in Petersfield. Conveyancing practitioner acted for me and Bank of Ireland. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: the first freehold, the second leasehold under the exact same property. Is it worth asking Bank of Ireland to clarify?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Petersfield and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with buyers. You can also check the position with your conveyancing practitioner who conducted the purchase.
The estate agent has sent us the confirmation of our purchase of a new build flat in Petersfield. Conveyancing is daunting 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 legal work.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Petersfield
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Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? 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 control of the Management Company (if any) be handed over to purchasers on completion of the last sale or earlier? Where service of notices and proceedings can be at the property demised please confirm that this can be amended to include simultaneous services at the Lessees’ solicitors’ offices where the Lessee from time to time is not resident in the UK - such solicitors may be varied by notice in writing to the Landlord from time to time but otherwise will be as previously specified. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided.
I opted to have a survey completed on a property in Petersfield ahead of appointing conveyancers. I have been advised that there is a flying freehold aspect to the house. The surveyor has said that some banks tend not give a mortgage on a flying freehold property.
It depends who your proposed lender is. HSBC has different instructions from Birmingham Midshires. Should you wish to telephone us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Petersfield. Conveyancing may be slightly more expensive based on your lender's requirements.
I have been pointed in your direction by a couple of local property agents in Petersfield to get a quote from a solicitor on your site. What’s the financial advantage for Estate Agents to market your services over a competitor’s?
We don’t make any referral fee for sending work in our direction. We found it would be just too difficult a fee because a client could think, ‘Why is the agent getting a kickback? Why aren’t I getting any benefit too?’ So we decided to step away from that.
We're novice buyers - had an offer accepted, yet the property agent informed us that the owners will only move forward if we appoint their chosen conveyancers as they want an ‘expedited deal’. We would rather use a local conveyancer accustomed to conveyancing in Petersfield
We suspect that the seller is unaware of this demand. If they desire ‘a quick sale', taking such a hostile approach to a motivated purchaser is not the way to achieve this. Bypass the agents and go straight to the sellers and explain that (a)you are serious buyers (b)you are excited to move forward, with mortgage lined up © you do not need to sell (d) you intend to proceed fast (e)however you will continue to appoint your preferred Petersfield conveyancing lawyers - as opposed tothose that will give the negotiator at the agency a introducer fee or hit his conveyancing targets pre-set by senior management.