My family solicitor has quoted just over a thousand pound for leasehold conveyancing in Spalding. I am hoping to downsize from a newly refurbished house for £175,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Spalding?
The costs illustration is fractionally on the expensive side. Where you are willing to spend time contrasting prices you could reduce the fees slightly by as much as £125. That being said, you maycome to regret opting for an an unknown solicitor. Don't forget to be sure the solicitor can act for your lender. Do employ our comparison tool to choose a Spalding conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Spalding.
My wife and I are intent on selling our house in Spalding and the buyers lawyers are claiming that there is a possibility that the property was built land that was not decontaminated. A local lawyer would know this is not the case. It does beg the question why the buyers are using an online conveyancing outfit as opposed to a conveyancing solicitor in Spalding. Having lived in Spalding for three years we know that this is a non issue. Do we contact our local Authority to obtain clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor currently acting for you. What do they say? You should enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same ailment)
I have justfound out that Arc property Solicitors have closed. They carried out my conveyancing in Spalding for a purchase of a freehold house 9 months ago. How can I check that my home is in my name in the name of the former proprietor?
The easiest way to check if the premises is in your name, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Spalding conveyancing specialists.
I decided to have a survey done on a property in Spalding in advance of retaining conveyancers. I have been told that there is a flying freehold element to the property. My surveyor advised that some lenders tend not grant a mortgage on such a house.
It depends who your proposed lender is. Santander has different instructions for example to Birmingham Midshires. If you e-mail us we can look into this further via the relevant mortgage company. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Spalding. Conveyancing may be slightly more expensive based on your lender's requirements.
I'm converting the mortgage on my primary house to a buy to let loan with Yorkshire Building Society and I will use the rest of the raised equity towards another property. The area we are looking at is Spalding. Will your solicitors be able to act for both sets of mortgage companies and link together the conveyances?
Make use of our comparison tool on this site to ensure that the solicitors are on the appropriate lender panels. Having checked that they are your conveyancer will be able to tie up the two transactions but you should have a chat with you lawyer and make apparent your expectations and needs.
Our conveyancer has advised that he intends to complete and exchange simultaneously on the sale of our £200,000 apartment in Spalding next week. The freeholder has quoted £312 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge exorbitant fees for a leasehold conveyance in Spalding?
Spalding conveyancing on leasehold apartments normally necessitates administration charges raised by freeholders :
Completing pre-exchange questions
Where consent is required before sale in Spalding
Supplying insurance information
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I invested in buying a leasehold flat in Spalding, conveyancing was carried out 10 years ago. Can you work out an approximate cost of a lease extension? Similar properties in Spalding with a long lease are worth £186,000. The average or mid-range amount of ground rent is £55 levied per year. The lease comes to an end on 21st October 2073
With only 52 years unexpired we estimate the premium for your lease extension to be between £29,500 and £34,000 plus 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 a more accurate figure in the absence of comprehensive investigations. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.