My previous solicitor has given a fee calculation of £1200 for no sale no fee conveyancing in Wheathampstead. I am selling a purpose built property for £275,000. Are these conveyancing fees excessive? Is it above what I should be paying for conveyancing in Wheathampstead?
The estimate does seem a tad steep. If you shop around you might shave off some of the expense by say £100 plus VAT. On the other hand, you mightlive to rue choosing an an unknown conveyancer. Remember to enquire the solicitor can act for your bank. You can employ our comparison tool to choose a Wheathampstead conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Wheathampstead.
I am close to exchanging contracts on the sale of our home in Wheathampstead and according to the buyers it appears that there is a possibility that the property was built on contaminated land. A local conveyancer would know this is not the case. For the life of me I don't know why the buyers instructed an online conveyancing outfit rather than a conveyancing solicitor in Wheathampstead. We have lived in Wheathampstead for many years we know that this is a non issue. Should we contact our local Authority to get clarification need.
It sounds as though you may have a conveyancing firm already. What do they say? You need to enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same sickness)
Over the last few months I have been searching for a leasehold apartment up to £305k and identified one close by in Wheathampstead I like with a park and transport links in the vicinity, the downside is that it's only got 61 years on the lease. I can't really find anything else in Wheathampstead suitable, so just wondered if I would be making a mistake acquiring a short lease?
Should you require a mortgage the remaining unexpired lease term will likely be problematic. Reduce 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 could ask them to commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
What does commercial conveyancing in Wheathampstead cover?
Commercial conveyancing in Wheathampstead incorporates a broad range of guidance, given by qualified solicitors, relating to business premises. 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 business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial loans and the termination of tenancies.
Am I better off to choose a Wheathampstead conveyancing practitioner in close proximity to the house I am purchasing? I have an old university friend who can deal with the legal formalities but they are based 400kilometers drive away.
The primary upside of using a high street Wheathampstead conveyancing firm is that you can visit the firm to execute paperwork, hand in your identification documents and pester them where appropriate. They will also have local intelligence which is a bonus. That being said nothing is more important than finding someone that will pull out all the stops for you. If other friends have used your friend and in the main were content that must outweigh using an unfamiliar Wheathampstead conveyancing lawyer just because they are round the corner.
Having had my offer accepted I require leasehold conveyancing in Wheathampstead. Before I get started I want to be sure as to the number of years remaining on the lease.
Assuming the lease is recorded at the land registry - and almost all are in Wheathampstead - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
Wheathampstead Conveyancing for Leasehold Flats - Examples of Questions you should consider before buying
The best form of lease structure is a share of the freehold. In this arrangement the lessees benefit from being in charge if their destiny and although a managing agent is usually retained if it is larger than a house conversion, the managing agent is directed by the tenants. Many Wheathampstead leasehold flats will have a service bill for maintenance of the building levied on behalf of the freeholder. Should you acquire the apartment you will have to meet this contribution, usually quarterly during the year. This could be anything from several hundred pounds to thousands of pounds for blocks with lifts and large common grounds. In all probability there will be a ground rent for you to pay yearly, normally this is not a large amount, say approximately £25-£75 but you should to check it because sometimes it could be surprisingly expensive.