My previous solicitor has quoted £1400 for no sale no fee conveyancing in Taverham. I’m looking to sell a Edwardian detached home for £125,000. Are the quoted fees excessive? Is it in excess of what I should be paying for conveyancing in Taverham?
The charges are a bit high. If you are happy to invest time contrasting costs you could reduce the fees slightly by perhaps £125. That being said, you mightcome to rue opting for an an untested lawyer. Don't forget to check that the solicitor can act for your bank. Do make use of our search tool to locate a Taverham conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Taverham.
We're in Taverham, First timers buying with a mortgage (lender is Co-operative , and our lawyer is on the Co-operative conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Co-operative conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
Various web forums that I have come across warn that are the number one reason for obstruction in Taverham conveyancing transactions. Is that correct?
The Council of Property Search Organisations (CoPSO) published conclusions of research by MoveWithUs that conveyancing searches do not figure within the most frequent causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of delay in conveyancing in Taverham.
What does commercial conveyancing in Taverham cover?
Taverham conveyancing for business premises incorporates a broad array of guidance, offered by regulated solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more usually, the transfer of existing leases or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
My wife and I purchased a leasehold house in Taverham. Conveyancing and Accord Mortgages Ltd mortgage went though with no issue. I have received a letter from someone saying they have taken over the reversionary interest in the property. Attached was a ground rent demand for rent dating back to 1997. The conveyancing solicitor in Taverham who acted for me is not around. Any advice?
The first thing you should do is contact the Land Registry to make sure that the individual purporting to own the freehold is indeed the registered owner of the freehold reversion. It is not necessary to incur the fees of a Taverham conveyancing firm to do this as you can do this on the Land Registry website for a few pound. Rest assured that regardless, even if this is the rightful freeholder, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I inherited a 2 bed flat in Taverham, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Taverham with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2094
With only 69 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 as well as plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
I have today placed an offer on a leasehold flat in Taverham and the estate agent that we are dealing with suggested his lawyer. He quoted nine hundred pounds including VAT and disbursements. Does this sound like a good deal?
You should not rely on 1 estimate. One should obtain like-for-like quotes for your conveyancing in Taverham. Then pick one that you are comfortable with and crucially, is on the approved panel of the lender that you are sourcing your mortgage from.