My previous solicitor has sent a quote for £1400 for leasehold conveyancing in Tavistock. I’m selling a Georgian property for £250,000. Is this overpriced? Is it above what I should be paying for conveyancing in Tavistock?
The estimate does seem marginally steep. If you shop around you might shave off some of the expense by perhaps £100 plus VAT. On the other hand, you mightlive to regret choosing an an untested conveyancer. If is important to ensure the firm can also act for your lender. Do use our search tool to select a Tavistock conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Tavistock.
Me and my partner are due to complete on the purchase of a property in Tavistock but as a consequence of damage from the recent storms I have was able negotiate compensation from the vendor in the sum of £2k by way of a reduction in the price. This was going to be addressed as part of a side agreement yet Barclays are not allowing this. Why were they notified?
Any solicitor being on the Barclays approved list is duty bound to advise Barclays of any changes to the sale price. If you prohibit your solicitor to report the reduction to Barclays then they would have to discontinue acting for you. In addition, Barclays and you would have to appoint a new property lawyer for your conveyancing in Tavistock.
I own a 4 bedroom Victorian house in Tavistock. Conveyancing solicitor acted for me and Britannia. I happened to do a free search for it on the Land Registry database and there are two entries: one for freehold, another for leasehold with the matching property. I'd like to know for sure, how can I find out??
You need to review the Freehold register you have again and check the Charges Register for 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 Tavistock and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing lawyer who carried out the work.
I'm buying a new build house in Tavistock with a mortgage from Birmingham Midshires. The sellers refused to move on the amount so I negotiated five thousand pounds worth of extras instead. The estate agent advised me not reveal to my conveyancer about the extras as it could jeopardize my mortgage with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
What tools are available to identify a Tavistock law firm on the Yorkshire Building Society conveyancing panel? I am a keen cyclist and am prepared to travel upto 20miles to meet the lawyer.
Feel free to make use of the facility on this website. Please choose the lender and your location and you will see a number of Tavistock conveyancing lawyers located nearest you. We have detailed some Tavistock conveyancing firms at the bottom of this page and you can call them to check if they are on the Yorkshire Building Society member panel
I am looking at a couple of apartments in Tavistock both have in the region of forty five years left on the lease term. should I be concerned?
There are plenty of short leases in Tavistock. The lease is a right to use the premises for a period of time. As the lease gets shorter the value of the lease reduces and it becomes more costly to extend the lease. For this reason it is often a good idea to increase the term of the lease. It is often difficult to sell a property with a short lease because mortgage lenders less inclined to grant a loan on such properties. Lease extension can be a protracted process. We recommend you get professional help from a solicitor and surveyor with experience in this area.
I acquired a ground floor flat in Tavistock, conveyancing was carried out October 2011. How much will my lease extension cost? Corresponding flats in Tavistock with over 90 years remaining are worth £201,000. The ground rent is £45 per annum. The lease ceases on 21st October 2087
With 65 years remaining on your lease we estimate the price of your lease extension to span between £13,300 and £15,400 as well as costs.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be taken into account and you obviously 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.