Why would I use a Reigate conveyancing practice when internet based conveyancers are so much cheaper?
To take your time to find shop around for conveyancing costs in Reigate and you should seek a reasonable quote but don’t become consumed with getting the lowest priced Reigate conveyancer. Identifying the right conveyancer can mark the difference between a smooth and a frustrating move. It is important that you ensure that you have expert guidance from a trusted lawyer. An e-mail can never be as helpful as a telephone call and are no substitute for a face to face meeting. Our partner firms will find you a qualified and experienced conveyancing solicitor who can handle your conveyancing from start to finish, giving the sort of continuity that you are unlikely to received from an web based conveyancer. Our lawyers will keep you updated on headway and keep you informed. Should you need to call the office you will know who you need to speak to and we'll endeavour to make sure that you are kept fully informed.
The Reigate conveyancing firm that just started acting on my purchase in Reigate have without warning closed. They were on acting for me because I had to have a firm on the Principality conveyancing panel and my previous Reigate lawyer was not. I paid them money in advance. What are my options?
If you have an estate agent involved then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the Principality conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to help.
I am buying a new build apartment in Reigate. 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.
Here is a sample of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Reigate
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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? Please supply evidence that the form of Lease proposed has been approved by the Land Registry. The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Please confirm the Lease plans are architect prepared. 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.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a simple, chain free conveyancing. Reigate is where the house is located. What do you suggest?
Flying freeholds in Reigate are unusual but are more likely to exist in relation to terraced houses. Even though you don't necessarily need a conveyancing solicitor in Reigate you would need to get your solicitor to go through the deeds diligently. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Reigate may ascertain 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.
I was advised by a few estate agents in Reigate to locate a conveyancer on your site. What’s the financial advantage for Estate Agents to recommend your services ahead of a competitor’s?
We don’t make any referral fee for pointing buyers and sellers to this site. We found it would be just too difficult a fee as 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.
I've found a house that seems to be perfect, at a great figure which is making it more attractive. I have subsequently been informed that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Reigate. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in Reigate are freehold and not leasehold. This is one of the situations where having a local solicitor who is familiar with the area who can help the conveyancing process. It is clear that you are purchasing in Reigate so you should seriously consider shopping around for a Reigate conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. As a matter of priority you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’spermission to carry out changes to the property. It may be necessary to pay a maintenance charge towards the upkeep of the communal areas where the house is located on an estate. Your lawyer should appraise you on the various issues.
I purchased a basement flat in Reigate, conveyancing was carried out in 1995. How much will my lease extension cost? Equivalent flats in Reigate with over 90 years remaining are worth £171,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease ends on 21st October 2104
With just 79 years unexpired the likely cost is going to range between £8,600 and £9,800 as well as professional fees.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply the actual costs without more detailed due diligence. Do not use the figures in a Notice of Claim or as an informal offer. There may be 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 placing reliance on this information before seeking the advice of a professional.