My family lawyer has quoted £1400 for no sale no fee conveyancing in Box. I am selling a modern house for £275,000. Are the quoted fees excessive? Is it in excess of what I should be paying for conveyancing in Box?
The costs illustration is fractionally on the steep side. If you are willing to invest time comparing prices you could decrease the fees slightly by as much as £125. On the other hand, you couldcome to regret choosing an a cheaper conveyancer. If is important to check the firm can also act for your bank. Do utilise our search tool to locate a Box conveyancing company on the lender’s conveyancing panel which can often include conveyancing solicitors in Box.
I purchased a freehold house in Box but still charged rent, why is this and what is this?
It’s unusual for properties in Box and has limited impact for conveyancing in Box 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 extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 will be dispensed with completely.
I have been referred to a conveyancing solicitor in Box. I need to find out whether they are on the Accord Mortgages Ltd conveyancing panel. Can you help?
The first thing you should do is phone the conveyancer and ask them if they are on the lender panel. Alternatively please get in touch with Accord Mortgages Ltd who may be able to assist.
I moved into my apartment on 2 November and the transaction details are still not on the land registry website. Should I be concerned? My conveyancing solicitor in Box expressed confidence that it should be registered in a couple of weeks. Are properties in Box uniquely lengthy to register?
As far as conveyancing in Box registration is no faster or slower than anywhere else in the country. As opposed to being determined by geographic area, timescales can vary according to who lodges the application, whether there are errors and if the Land registry communicate with any 3rd parties. At present in the region of 80% of such applications are completed in less than three weeks but occasionally there can be longer delays. Registration occurs after the purchaser is living at the property thus post completion formalities is not typically top priority yet if there is a degree of urgency associated with the registration then you or your lawyers could communicate with the Registry to express the reasoning for the application to be prioritised.
I am looking for a leasehold apartment up to £245,000 and identified one near me in Box I like with a park and station in the vicinity, however it only has 61 years unexpired on the lease. I can't really find anything else in Box in this price bracket, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a mortgage the shortness of the lease will be problematic. Discount the price by the expected lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you can request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should speak to your conveyancing lawyer about this matter.
What can I do where I am dissatisfied with the lawyer who did our conveyancing in Box?
We live in an imperfect world, and is is a fact of life that occasionally things do go wrong. However there is recourse if you were unhappy with your conveyancing in Box. This varies from trying to resolve matters directly with them, through to reporting a lawyer to their governing body. If things still aren’t sorted out you may consider enlisting the help of the Legal Ombudsman.