My friend's mother is a conveyancing practitioner. I hope that I can be offered mate’s fee for conveyancing, but if not, what kind of costs should I be expecting for conveyancing in Baguley?
You should contrast pricing. Make use of our comparison tool on this site. Whilst fees will vary but service levels do differ between property lawyers as is the case with most professions.
I am purchasing a new build duplex in Baguley and my solicitor is advising me that she is duty bound to the lender to disclose incentives from the builder. The Estate Agents are hassling me to exchange and my preference is not to prolong matters. is my lawyer playing by the book?
You should not exchange unless you have been advised to do so by your lawyer. A precondition to being on a mortgage company panel is to comply with the UK Finance Lenders’ Handbook requirements. The CML Conveyancing Handbook requires that your lawyer have the appropriate Disclosure of Incentive form completed by the developer and accepted by your lender.
four months have elapsed following my purchase conveyancing in Baguley took place. I have checked the Land Registry website which shows that I paid £150,000 when infact I paid £170,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I am looking into buying my first house which is in Baguley and I am already nervous. I couldn't find anything specific about Baguley. Conveyancing will be needed in due course but do you know about the Baguley area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Baguley. In the meantime here are some basic statistics that we found
I have just started marketing my basement apartment in Baguley. Conveyancing is yet to be initiated, but I have just received a yearly service charge invoice – Do I pay up?
Your conveyancing lawyer is likely to suggest that you should pay the invoice as normal given that all ground rent and service invoices will be allotted on completion, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I invested in buying a studio flat in Baguley, conveyancing formalities finalised in 2012. Can you give me give me an indication of the likely cost of a lease extension? Comparable flats in Baguley with an extended lease are worth £260,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease terminates on 21st October 2101
With just 75 years remaining on your lease we estimate the price of your lease extension to span between £8,600 and £9,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure in the absence of comprehensive due diligence. You should not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be taken into account and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
I am due to consider estimates for conveyancing in Baguley from numerous property lawyer and decide on one. Am I right to ask them to sit tight until I a suitable apartment to buy.
You should only get your lawyer to open a file and apply for searches once the offer has been accepted on the property particularly as Baguley conveyancing searches are not cheap.