My previous lawyer has quoted £1400 for freehold conveyancing in Aigburth. I’m selling a newly refurbished detached home for £225,000. Are these estimated fees excessive? Is it above the average fee for conveyancing in Aigburth?
The quote is fractionally on the high side. Where you are willing to invest time comparing prices you could shave off some of the cost by say £100 plus VAT. On the other hand, you mightlive to rue choosing an an unknown conveyancer. If is important to check that the solicitor can also act for your bank. You can make use of our comparison tool to find a Aigburth conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Aigburth.
I have been referred to a conveyancing solicitor in Aigburth. I I would like to check if they are on the Virgin Money conveyancing panel. Can you assist?
The first thing you should do is call the conveyancer and enquire if they are on the lender panel. Alternatively you should call Virgin Money who may be able to confirm.
Just had an offer accepted on a new build flat in Aigburth. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Set out below is a sample of a selection of leasehold new build questions that you may expect your new-build leasehold conveyancing in Aigburth
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If there are lifts in the building, please confirm that the owners of flats on the ground and basement floors will not be required to contribute towards the cost of maintenance and renewal. Forfeiture - bankruptcy or liquidation must not apply under this provision. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Please confirm the Lease plans are architect prepared.
Due to the advice of my in-laws I had a survey completed on a property in Aigburth ahead of retaining lawyers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some banks tend refuse to grant a mortgage on a flying freehold home.
It depends who your proposed lender is. HSBC has different instructions for example to Halifax. If you call us we can investigate further via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Aigburth. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Aigburth to see if the conveyancing will be more expensive.
Should I instruct a Aigburth conveyancing lawyer based in the area that I am buying? An old friend can perform the legal work but they are based a couple of hundredkilometers drive away.
The primary upside of using a high street Aigburth conveyancing firm is that you can drop in to execute documents, hand in your identification documents and pester them if necessary. Having local Aigburth know how is a benefit. However it's more important to get someone that will do a good and efficient job. If other friends have used your friend and on the whole were impressed that should outweigh using an unknown Aigburth conveyancing solicitor solely due to them being round the corner.
I am a negotiator for a reputable estate agent office in Aigburth where we see a number of leasehold sales jeopardised as a result of leases having less than 80 years remaining. I have been given contradictory information from local Aigburth conveyancing firms. Could you confirm whether the vendor of a flat can start 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 proposed purchaser 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 before, or simultaneously with completion of the disposal of the property.
An alternative approach is 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 buyer.
Aigburth Conveyancing for Leasehold Flats - A selection of Queries before Purchasing
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Please inform me if there are any major works in the near future that will likely increase the service charges? Is there a share of the freehold?