IfI was to buy a freehold homein Benfleet for cash and have no survey and no conveyancing searches how much could I expect to to save on my conveyancing in Benfleet?
Any savings you would make will be limited to the costs for searches. A conveyancing practitioner is required to do the vast majority of work - money laundering, communicating with your vendors property lawyer, stamp duty return, register the property etc. You might save a bit for them not having to register a charge however it won't be significant.
The Benfleet conveyancing lawyers that just started acting on my house acquisition in Benfleet have without warning shut down. I chose them because I had to have a solicitor on the Principality conveyancing panel and my family Benfleet lawyer was not. I cut them a cheque for two hundred pounds in advance. What should be my next steps?
Assuming that you have an Estate Agent in the equation then let them know straight away so that they can let the sellers know that there may be a slight delay due to the problems encountered. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Principality conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors may be able to assist.
Me and my brother own a renovated Georgian house in Benfleet. Conveyancing practitioner acted for me and Clydesdale. I did a free Land Registry search last week and there are two entries: one for freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to assess the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Benfleet and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the situation with your conveyancing lawyer who conducted the purchase.
Due to the advice of my in-laws I had a survey completed on a property in Benfleet before retaining solicitors. I have been told that there is a flying freehold aspect to the house. My surveyor advised that some lenders tend refuse to grant a loan on this type of house.
It varies from the lender to lender. HSBC has different requirements for example to Birmingham Midshires. Should you wish to telephone us we can check via the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Benfleet. Conveyancing will be smoother if you use a solicitor in Benfleet especially if they are accustomed to such properties in Benfleet.
Should I appoint a Benfleet conveyancing solicitor based in the vicinity that I am purchasing? We have a good friend who can perform the conveyancing however his firm is located approximately 350miles away.
The primary upside of using a high street Benfleet conveyancing practice is that you can drop in to sign paperwork, hand in your identification documents and pester them if necessary. They will also have local knowledge which is a benefit. However nothing is more important than finding someone that will do a good and efficient job. If other friends have used your friend and the majority were content that should trump using an unknown Benfleet conveyancing lawyer just because they are based in the area.
If all goes to plan we aim to complete the disposal of our £375,000 maisonette in Benfleet next Thursday. The freeholder has quoted £360 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is the landlord entitled to charge an administration fee for a leasehold conveyance in Benfleet?
Benfleet conveyancing on leasehold maisonettes more often than not involves the purchaser’s solicitor sending questions for the landlord to address. Although the landlord is under no legal obligation to answer these enquiries most will be content to do so. They may charge a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is £350, in some situations it is above £800. The management information fee required by the landlord must be sent together with a summary of entitlements and obligations in relation to administration charges, without which the invoice is technically not due. In reality one has no option but to pay whatever is requested of you should you wish to exchange contracts with the buyer.
I invested in buying a studio flat in Benfleet, conveyancing having been completed March 2004. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Similar properties in Benfleet with an extended lease are worth £180,000. The average or mid-range amount of ground rent is £65 per annum. The lease terminates on 21st October 2083
With just 59 years left to run the likely cost is going to be between £20,900 and £24,200 plus legals.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first getting professional advice.