My best friend’s uncle is a conveyancer. I expect that I will receive preferential pricing for conveyancing, However if that does not come materialise, what kind of fees should I be paying for conveyancing in Brixham?
It’s advisable to request multiple conveyancing quotes. Make use of our comparison tool on this site. Whilst estimates do vary but the service one can expect differ between law firms as is the case with most professions.
Can the conveyancing solicitors identified via your search tool execute attended exchange conveyancing in Brixham?
We do have a number of conveyancing specialists carrying out one day exchanges. Do contact us to receive a fee calculation and details as to availability.
I purchased a freehold house in Brixham yet invoiced for rent, why is this and what is this?
It is rare for properties in Brixham and has limited impact for conveyancing in Brixham 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 have existed for hundreds of years, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be extinguished by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be dispensed with completely.
The deeds to my home can not be found. The lawyers who handled the conveyancing in Brixham 5 years ago no longer exist. What are my next steps?
In today’s world there are copies made of almost everything, and your conveyancer will be aware precisely where to locate all the appropriate documentation so you can buy or sell your house without a hitch. If copies are not available, your solicitor can arrange cover in the form of insurance or indemnities protecting you against possible claims on your premises.
I am hoping to complete next month on a basement flat in Brixham. Conveyancing lawyers have said that they are sending me a report on Monday. What should I be looking out for?
Your report on title for your leasehold conveyancing in Brixham should include some of the following:
-
The landlord’s rights to access the premises. You should be made aware that your landlord has rights of access as well as be informed how much notice must be provided. Are pets allowed in the flat? Responsibility to repair and maintain the block. It is essential that you know which party is liable for the repair and maintenance of all parts of the block and communal areas You should have a good understanding of the building insurance obligations if lease has a provision for a sinking account for major works?
I own a basement flat in Brixham, conveyancing formalities finalised May 2009. Can you work out an approximate cost of a lease extension? Corresponding properties in Brixham with an extended lease are worth £190,000. The ground rent is £65 invoiced annually. The lease expires on 21st October 2087
With only 61 years remaining on your lease we estimate the premium for your lease extension to range between £19,000 and £22,000 as well as legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply the actual costs without more comprehensive due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.
My 20yr old son is embarking on her first house purchase, the home loan was agreed last week in principle. One the offer was accepted on house we contacted the mortgage institution to progress the mortgage application. We were disappointed to discover that mortgage lenders do not accept all conveyancer, they must be on their panel, is this right?
Banks normally imposes restrictions either the type or the number of conveyancing practices on their panel. A common example of such restriction(s) being that a firm must have two or more partners. In addition to restricting the type of firm, some have decided to limit the number of firms they use to represent them. You should note that banks have no responsibility for the quality of advice provided by any Brixham conveyancing practitioner on their panel. Mortgage fraud was a key driver in the rationalisation of conveyancing panels a few years ago and whilst there are differing views about the extent of solicitor involvement in some of that fraud. Statistics from the Land Registry reveal that thousands of law firms only carry out one or two conveyances a year. Those supporting conveyancing panel cuts ask why law firms should have the right to be on a Lender panel when clearly, conveyancing is not their speciality. To put it another way; would you want a conveyancing solicitor to represent you if you were charged with a crime? Probably not.