The solicitor who dealt with my last purchase has quoted £1150 for no move no fee conveyancing in Bedfordshire. I am looking to sell a Edwardian property for £225,000. Are the quoted fees excessive? Is it above the average fee for conveyancing in Bedfordshire?
The charges are a tad high. If you are content to expend time contrasting quotes you could get the conveyancing a bit cheaper by perhaps a hundred pounds. That being said, you couldcome to regret opting for an an unknown lawyer. Don't forget to check that the solicitor can represent your lender. You can employ our search tool to find a Bedfordshire conveyancing practice on the lender’s member panel which can often include conveyancing solicitors in Bedfordshire.
I am the registered owner of a freehold property in Bedfordshire but nevertheless charged rent, why is this and what is this?
It’s unusual for properties in Bedfordshire and has limited impact for conveyancing in Bedfordshire but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the establishment of fresh rentcharges from 1977 onwards.
Previous rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
Do I need to attend the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Bedfordshire so that I can attend their offices if required.
These days conveyancing panel lawyers for banks undertake all of the work via Royal Mail, e-mail or over the phone. This means that they can undertake the conveyancing transaction regardless of where you live in England or Wales. Nevertheless you should see if you have the option of visiting the offices of your conveyancing lawyer if you prefer.
Have just purchased a repossessed house at auction in Bedfordshire. Conveyancing is necessary. What is next?
Now that you have for in every practical sense signed on the dotted line you will need to instruct a conveyancing solicitor soon as you will have a pending a drop dead date to complete the purchase. All auction property should have a corresponding auction set of papers. This will include evidence of title and search results. Where you are dealing with leasehold property the conveyancing papers may contain a copy of the lease, management information and a sellers leasehold information form and other conveyancing documentation pertinent to a leasehold property. You need to pass this on to your appointed conveyancing solicitor ASAP. You also need to ensure that that you have the requisite funding in order to complete the transaction on the set completion date.
A colleague informed me that in buying a property in Bedfordshire there could be a number of restrictions prohibiting external changes to a property. Is this right?
There are anumerous of properties in Bedfordshire which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Bedfordshire should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I have a mortgage with TSB for my property in Bedfordshire. Conveyancing was finalised some time ago. Should I wish to rent out my property and do not currently have a buy-to-let mortgage do I need to remortgage to a buy-to-let mortgage or inform TSB?
Your original mortgage agreement with TSB will provide that you need their approval in advance of letting out your property as this is likely to be a breach of TSB’s mortgage conditions. It may be that TSB will allow you to rent out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact TSB directly. It should not be necessary to do this via a TSB conveyancing panel firm.
I opted to have a survey completed on a property in Bedfordshire ahead of retaining conveyancers. I have been told that there is a flying freehold overhang to the property. My surveyor has said that some mortgage companies will not grant a loan on this type of house.
It varies from the lender to lender. Lloyds has different instructions from Birmingham Midshires. If you contact us we can check via the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Bedfordshire. Conveyancing may be slightly more expensive based on your lender's requirements.
Why do Bedfordshire conveyancing fees are more expensive for leasehold and freehold properties?
Leasehold conveyancing in Bedfordshire can involve additional work for instance checking the lease, communicating with the freeholder, obtaining up to date rent receipts, landlord’s consents, management company’s accounts etc.