I was recommended to a conveyancer who has given a fee estimate £995 for no completion no fee conveyancing in Broseley. I’m looking to sell a newly refurbished property for £200,000. Is this expensive? Is it above what I should be paying for conveyancing in Broseley?
The costs illustration is fractionally on the high side. If you shop around you might get the conveyancing a bit cheaper by perhaps £125. On the other hand, you maycome to regret choosing an a cheaper conveyancer. Don't forget to be sure the firm can also act for your lender. Do employ our comparison tool to locate a Broseley conveyancing company on the lender’s member panel which can often include conveyancing solicitors in Broseley.
My wife and I are purchasing a flat in Broseley. I might seem paranoid but how we can trust a solicitor? On the day of competition we will need to put our life savings into their account. What is the protection we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My father pointed out to me me that in purchasing a property in Broseley there may be a number of restrictions prohibiting external alterations to a property. Is this right?
We are aware of anumerous of properties in Broseley which have some sort of restriction or requirement of consent to carry out external alterations. Part of the conveyancing in Broseley should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I had an offer accepted on a house in Broseley on 30/5/2025, valuation was booked 4 days later, received a clean bill of health. Property lawyer appointed, so all that was missing was my mortgage offer. Having made daily calls to Virgin Money and chasing them on my offer, I have now been told that my offer will not be issued unless the lawyer is on the Virgin Money conveyancing panel. Can the lender hold off the offer?
A lender would not issue an offer until they have details of a lawyer on their panel. It can take a few weeks for Virgin Money to deal with your lawyer's application to be on the Virgin Money conveyancing panel. There's no guarantee that your solicitor will be accepted.
Over the last few months I have been searching for a flat up to £245,000 and found one close by in Broseley I like with open areas and railway links nearby, the downside is that it only has 49 years unexpired on the lease. There is not much else in Broseley in this price bracket, so just wondered if I would be making a grave error acquiring a short lease?
If you require a mortgage that many years may be a potential deal breaker. Reduce the offer by the amount the lease extension will cost if not already taken into account. If the existing owner has owned the premises for a minimum of 2 years you may request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term and have £0 ground rent by law. You should consult your conveyancing solicitor regarding this.
I'm converting the mortgage on my existing house to a buy to let loan with Barclays and intend to use the remaining equity as a deposit on further property. The location we are talking about is Broseley. Will your conveyancers be able to act for both sets of mortgage companies and link together the transactions?
Make use of our comparison tool on this page to ensure that the conveyancers are on the appropriate lender panels. Having checked that they are your conveyancer will be able to simultaneously deal with the two deals but you should talk with you solicitor and make apparent your expectations and requirements.
I am one month into a residential purchase having been referred to a firm by the selling agent to carry out the conveyancing in Broseley. We are not happy. Can you you assist me in finding new lawyers?
A lawyer would need to be really poor in order to consider diss instructing them. Has the loan offer been sent? If so you must advise them of the new contact details and ensure the mortgage documents are re-issued. Your new conveyancer should be on the banks approved list to avoid added costs and frustration. That should be your first question of the new lawyers. Our find a solicitor tool can assist you in finding a lender approved solicitor for your conveyancing in Broseley
Are there frequently found problems that you come across in leases for Broseley properties?
Leasehold conveyancing in Broseley is not unique. All leases are individual and legal mistakes in the legal wording can sometimes mean that certain clauses are erroneous. For example, if your lease is missing any of the following, it could be defective:
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Insurance obligations Repairing obligations to or maintain parts of the property
A defective lease will likely cause issues when trying to sell a property as they can affect a potential buyer’s ability to obtain a mortgage. National Westminster Bank, Chelsea Building Society, and Platform Home Loans Ltd all have very detailed requirements when it comes to what is expected in a lease. If a mortgage lender believes that the lease is problematic they may refuse to grant the mortgage, obliging the buyer to withdraw.
I acquired a 2 bed flat in Broseley, conveyancing was carried out half a dozen years ago. Can you work out an approximate cost of a lease extension? Equivalent flats in Broseley with over 90 years remaining are worth £190,000. The ground rent is £65 yearly. The lease ceases on 21st October 2086
With just 61 years remaining on your lease we estimate the premium for your lease extension to span between £18,100 and £20,800 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt other concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward based on this information without first seeking the advice of a professional.