The conveyancer who dealt with my former purchase has quoted £1350 for no sale no fee conveyancing in Tunbridge Wells. I’m selling a Georgian property for £300,000. This seems over the top. Is it above the average fee for conveyancing in Tunbridge Wells?
The quote is slightly on the steep side. Where you are content to spend time contrasting prices you might get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you couldlive to rue opting for an an unknown conveyancer. If is important to check the firm can represent your lender. Do make use of our comparison tool to select a Tunbridge Wells conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Tunbridge Wells.
I am the registered owner of a freehold premises in Tunbridge Wells yet invoiced for rent, why is this and what is this?
It’s unusual for properties in Tunbridge Wells and has limited impact for conveyancing in Tunbridge Wells but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the establishment of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence in 2037 will be dispensed with completely.
I am purchasing a property and the lawyer has mentioned Chancel Repair to which the property could be liable given it’s proximity to the area of such a church. She has mentioned insurance. Is this really appropriate for conveyancing in Tunbridge Wells
Unless a prior acquisition of the house took place after 12 October 2013 you can assume that lawyers conducting conveyancing in Tunbridge Wells to remain recommending a chancel search and or insurance against a claim.
I have been on the look out for a flat up to £245,000 and identified one near me in Tunbridge Wells I like with open areas and station nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Tunbridge Wells for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you require a home loan that many years will likely be a potential deal breaker. Reduce the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of twenty four months you may ask them to start the process of the extension and pass it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
I work for a long established estate agent office in Tunbridge Wells where we see a few flat sales put at risk as a result of short leases. I have been given inconsistent advice from local Tunbridge Wells conveyancing solicitors. Could you shed some light as to whether the vendor of a flat can instigate the lease extension formalities for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to kick-start the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the sale.
Alternatively, it may be possible to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Tunbridge Wells Conveyancing for Leasehold Flats - Examples of Questions you should consider before Purchasing
Does the lease have onerous restrictions? This question is helpful as a) areas can result in problems for the building as the communal areas may start to deteriorate where repairs are not paid for b) if the tenants have a dispute with the managing agents you will wish to have all the details Who manages the building?
I am thinking of choosing an online lawyer as opposed to a Tunbridge Wells conveyancing practice. Am I making a mistake?
Advantages do exist in having the opportunity to attend a local Tunbridge Wells conveyancing solicitor such as
- signing papers and and when necessary
- often being able to speak to someone face-to-face can make a huge difference, particularly for non-standard transactions
- the ability to complain if things are not going as expected
When analysing quotes, look out for hidden extras. The majority decent Tunbridge Wells high street solicitors give an all-inclusive price. Often online companies appear to offer low cost prices, yet have burried 'extras' in the in the terms and conditions.