My previous solicitor has sent a quote for £1200 for no sale no fee conveyancing in Botley. I am hoping to sell a newly refurbished detached home for £250,000. This appears expensive. Is it in excess of what I should be paying for conveyancing in Botley?
The estimate does seem a tad overpriced. If you shop around you might get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you couldlive to rue choosing an an untested conveyancer. If is important to enquire the firm can also act for your lender. You can use our search tool to find a Botley conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Botley.
Our solicitor has discovered a a problem with the lease for the flat we are purchasing in Botley. The seller’s lawyers have offered defective title insurance as a workaround. We are content with insurance and will cover the costs. Our lawyer says that he must ensure that the lender is willing to move forward with this solution. Who is the client here, us or the lender?
The short answer to your last question is that, notwithstanding the risk of a conflict of interest, you and the mortgage company are the client. Your solicitor must comply with the UK Finance Lenders’ Handbook provisions. The UK Finance Lenders’ Handbook conditions require your lawyer to disclose issues such as defects with the lease so that the lender can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected. Should you refuse to allow your lawyer to make the appropriate notification then your conveyancer will have no choice but to discontinue acting for you.
Just acquired a semi-detached house in Botley , how long will it take for the Land Registry to register my ownership? My Botley conveyancing solicitor works at snail pace, so I want to be sure that my ownership is registered.
As far as conveyancing in Botley registration is no quicker or slower than the rest of the country. Rather than based on location, timescales can differ according to the party submitting the application, whether it is in order and whether the Land registry communicate with any third parties. As of today roughly 80% of such applications are fully addressed in less than three weeks but occasionally there can be protracted hold-ups. Registration occurs once the purchaser is living at the property so an expedited registration is not always top priority yet where there is a degree of urgency associated with the registration then you or your conveyancer can communicate with the Registry to express the reasoning for the application to be prioritised.
I have been on the look out for a flat up to £305k and found one near me in Botley I like with amenity areas and railway links nearby, the downside is that it only has 51 years unexpired on the lease. There is not much else in Botley in this price bracket, so just wondered if I would be making a mistake buying a short lease?
Should you require a home loan that many years will be a potential deal breaker. Reduce the offer by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you can request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should consult your conveyancing solicitor concerning this matter.
Given that I am about to part with 450k on a two bedroom apartment in Botley I would like to talk to a solicitor about myhome move before instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the conveyancer who will be doing your property ownership legalities in Botley.There is no ‘factory style conveyancing’ - each client is an important individual, not a case reference. The practices that we put you in touch with believe that the fees you are provided with for your conveyancing in Botley should be the figure that you end up paying.
I have just appointed agents to market my basement apartment in Botley. Conveyancing lawyers have not yet been instructed, however I have recently received a half-yearly service charge demand – should I leave it to the buyer to sort out?
It best that you discharge the maintenance contribution as normal given that all rents and maintenance charges will be allotted on completion, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most managing agents 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 bought a 2 bed flat in Botley, conveyancing was carried out half a dozen years ago. 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? Equivalent flats in Botley with over 90 years remaining are worth £190,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease runs out on 21st October 2087
You have 62 years left to run we estimate the premium for your lease extension to be between £17,100 and £19,800 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. You should not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before seeking the advice of a professional.