Just been in touch with my conveyancing solicitor in Studley who conducted the legals two years ago requesting a conveyancing costs illustration based on an identical type of house move (a leasehold property and a freehold premises) of almost identical values with a loan from Lloyds TSB Bank. It looks as though am now being charged twice the amount. Stick with what I know or should I try and find a cheaper online property lawyer?
The estimate does seem a tad on the high side. Where you are prepared to spend time contrasting charges you may be able to trim some of the expense by as much as a hundred pounds. That being said, providing that you were happy with the conveyancing the firm gave you couldlive to regret opting for an a cheaper solicitor. Don't forget to ensure the solicitor can represent Lloyds TSB Bank. Do use our search tool to locate a Studley conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Studley.
Various web forums that I have come across warn that are the primary reason for stalling in Studley conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published findings of research by MoveWithUs that conveyancing searches do not feature amongst the common causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of holding up conveyancing in Studley.
Over the last few months I have been searching for a leasehold apartment up to £245,000 and identified one round the corner in Studley I like with open areas and transport links nearby, the downside is that it's only got 49 remaining years left on the lease. There is not much else in Studley suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage that many years will be an issue. Discount the price by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the premises for at least 2 years you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer regarding this.
I am selling my property. My former lawyers has retired. I would be grateful for any recommendation of a conveyancing firm. Im based in Studley if that affects matters.
Please use our search tool to help you choose a solicitor for your conveyancing in Studley. We have connected thousands of home buyers and sellers with regulated solicitors to ensure that the legalities of their house move goes smoothly.
I need to find a conveyancing solicitor for leasehold conveyancing in Studley. I have stumble upon a web site which appears to be the ideal answer If it is possible to get all this stuff completed via web that would be preferable. Should I be concerned? What are the potential pitfalls?
As usual with these online conveyancers you need to read ALL the small print - did you notice the extra charge for dealing with the mortgage?
Can you offer any advice when it comes to finding a Studley conveyancing practice to deal with our lease extension?
When appointing a property lawyer for your lease extension (regardless if they are a Studley conveyancing practice) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with several firms including non Studley conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then so much the better. The following questions could be helpful:
-
What are the costs for lease extension conveyancing?
Studley Leasehold Conveyancing - A selection of Questions you should ask before Purchasing
-
What is the service charge and ground rent on the apartment? How many years are left on the lease? You should be aware if it is no more than eighty years it will have adverse implications on the salability of the property. It is worth checking with your bank that they are happy with residual term of the lease. Leases with fewer than 80 years remaining means that you will almost definitely have to extend the lease sooner rather than later and it is worth finding out how much this will be. For most Studleylease extensions you will need to own the premises for a couple of years before you are entitled to extend the lease.