I went with a high street lawyer for my conveyancing in Abbots Langley today. Upon checking the Ts and Cs I seewe are on the hook for costs even where the conveyance does not complete. Should I ditch them and use a web based conveyancing company offering no completion no cost conveyancing in Abbots Langley?
Generally there is a compromise along the lines that if "No Completion No Fee" is offered then the conveyancing charges will tend to be be more expensive to counteract those cases that abort. Do bear in mind that these schemes generally do not protect you from expenses such as Abbots Langley conveyancing search fees.
Finally the sale completed on my house in Abbots Langley last May yet the purchaser is calling me to moan that his solicitor needs to hear from myconveyancer. What are the post completion sale legalities following completion?
Following your house sale your solicitor should send the transfer documentation and all of the paperwork to the buyer’s lawyers. Where appropriate, your lawyer should also confirm that the home loan has been discharged to the buyers conveyancers. There are no post completion formalities just for conveyancing in Abbots Langley.
I have been on the look out for a leasehold apartment up to £195,000 and found one near me in Abbots Langley I like with a park and station nearby, however it's only got 49 years on the lease. There is not much else in Abbots Langley in this price bracket, so just wondered if I would be making a grave error buying a short lease?
If you need a home loan that many years will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of twenty four months you can ask them to commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
As co-executor for the estate of my aunt I am selling a house in Newport but I am based in Abbots Langley. My conveyancer (approximately 260 miles awayrequires that I execute a statutory declaration before completion. Can you recommend a conveyancing lawyer in Abbots Langley who can witness this legal document for me?
Technically speaking you are not likely to be required to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will do regardless of whether they are located in Abbots Langley
I've recently bought a leasehold flat in Abbots Langley. Am I liable to pay service charges for periods before completion of my purchase?
In a situation where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I am the registered owner of a split level flat in Abbots Langley, conveyancing was carried out 8 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in Abbots Langley with over 90 years remaining are worth £260,000. The ground rent is £45 levied per year. The lease comes to an end on 21st October 2099
You have 74 years unexpired we estimate the premium for your lease extension to span between £8,600 and £9,800 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed investigations. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information before getting professional advice.
I previously advised by my bank that their panel conveyancers operate no move no charge basis for conveyancing in Abbots Langley. I had a purchase fall through and now the lawyers want search fees! They say the fees are seperate!
in offering "no move no fee" Abbots Langley conveyancing firms are foregoing their fees for any work done. We should make it clear that this is NOT an insurance scheme. Disbursements aren’t covered – where the solicitor have to pay money out to independent parties, for example Abbots Langley local search fees