My friend's brother is a conveyancer. I am hopeful that I will be offered friends and family fee for conveyancing, However if that does not come materialise, what kind of fees would I typically be looking at for conveyancing in Abercarn?
Do compare pricing. Do use our search tool on this site. The prices do be different but service levels do are distinct between conveyancers as is the case with the vast majority of professional services.
We are selling our house in Abercarn. Will the property lawyer have to be required to be on the Bank of Ireland conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Bank of Ireland conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their panel criteria fairly frequently in recent years.
I purchased a terraced Victorian property in Abercarn. Conveyancing practitioner represented me and Birmingham Midshires. I did a free Land Registry search last week and I saw two entries: the first freehold, another for leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should read 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 proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Abercarn 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 lenders. You can also check the position with your conveyancing lawyer who conducted the purchase.
How do I use your search facility to get a costs illustration from a conveyancing lawyer in Abercarn on the panel for my lender?
1st select a lender such as Halifax, Virgin Money or Nottingham Building Society then specify your location for instance Abercarn. Conveyancing organisations in Abercarn and beyond should be shown.
I need to instruct a conveyancing solicitor for freehold conveyancing in Abercarn. I have land on a web site which appears to be the perfect solution If there is a chance to get all formalities done via phone that would be ideal. Do I need to be concerned? 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?
I am a negotiator for a reputable estate agent office in Abercarn where we see a few leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have received inconsistent advice from local Abercarn conveyancing firms. 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 been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
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.
I own a garden flat in Abercarn, conveyancing having been completed half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Abercarn with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease comes to an end on 21st October 2100
With only 75 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. You should not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.