My best friend’s step-father is a conveyancer. I anticipate that I'll be able to get friends and family rates for conveyancing, However if that does not come materialise, what kind of fees should I be expecting for conveyancing in Totterdown?
You should contrast pricing. Do use our comparison tool on this page. You will notice that quotes seem to vary but service levels do are distinct between solicitors as is the case with most professions.
We are buying a flat in Totterdown. I might seem paranoid but how we can trust a conveyancer? On completion day we will need to deposit funds into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My conveyancer has informed me that missing deeds insurance is necessary on my purchase. What is the typical level of cover needed for conveyancing in Totterdown?
The right level of missing deeds indemnity insurance depends on your lender. It would differ for example between Halifax and Bank of Scotland. Conveyancing solicitors as opposed to members of the public take out such insurances.
I am due to exchange contracts on my flat. I had a double glazing fitted in June 2006, but did not receive a FENSA certificate or Building Regulation Certificate. My buyer's lender, Yorkshire BS are being problematic. The Totterdown solicitor who is on the Yorkshire BS conveyancing panel is happy to accept ‘lack of building regulation’ insurance but Yorkshire BS are insisting on a building regulation certificate. Why do Yorkshire BS have a conveyancing panel if they don't accept advice from them?
It is probably the case that Yorkshire BS have referred the matter to their valuer. The reason why Yorkshire BS may not want to accept indemnity insurance is because it does not give them any reassurance that the double glazing was correctly and safely installed. The indemnity insurance merely protects against enforcement action which is very unlikely anyway.
Over the last few months I have been searching for a leasehold apartment up to £235,500 and found one close by in Totterdown I like with a park and transport links nearby, however it's only got 61 years on the lease. I can't really find anything else in Totterdown in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
If you need a home loan the remaining unexpired lease term will be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.
Are there any apps to help identify a Totterdown solicitor on the Virgin Money conveyancing panel? I drive a motor bike and am willing to travel upto 25miles to meet the lawyer.
Feel free to make use of the tool on this website. Please choose the lender and your location and you will see a number of Totterdown conveyancing lawyers based on proximity. We have detailed some Totterdown conveyancing firms at the bottom of this page and you can contact them to verify whether they are on the Virgin Money panel
I need to appoint a conveyancing solicitor for residential conveyancing in Totterdown. I happened to land on a web site which appears to be the perfect solution If it is possible to get all this stuff completed via web that would be preferable. Do I need to be wary? What should out be looking out for?
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?
All being well we will complete the disposal of our £250,000 garden flat in Totterdown in 8 days. The landlords agents has quoted £396 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Totterdown?
Totterdown conveyancing on leasehold flats usually necessitates the purchaser’s lawyer sending enquiries for the landlord to address. Although the landlord is under no legal obligation to respond to these enquiries most will be willing to do so. They are entitled to levy a reasonable administration fee for answering enquiries or supplying documentation. There is no upper cap for such fees. The average costs for the information that you are referring to is over three hundred pounds, in some cases it is above £800. The management information fee required by the landlord must be accompanied by a summary of entitlements and obligations in respect of administration charges, otherwise the invoice is not strictly payable. Reality however dictates that one has no choice but to pay whatever is requested of you if you want to exchange contracts with the buyer.
I own a split level flat in Totterdown, conveyancing was carried out half a dozen years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Totterdown with an extended lease are worth £185,000. The average or mid-range amount of ground rent is £65 charged once a year. The lease ends on 21st October 2085
You have 60 years remaining on your lease we estimate the premium for your lease extension to be between £20,000 and £23,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive due diligence. 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 clearly you should be as accurate as possible in your negotiations. Neither should you move forward based on this information before getting professional advice.