The solicitor who dealt with my previous purchase has given a fee calculation of £1350 for leasehold conveyancing in Bryncoch. I’m hoping to sell a Edwardian detached home for £300,000. Is this overpriced? Is it above the norm for conveyancing in Bryncoch?
The estimate does seem marginally steep. If you shop around you may be able to get the conveyancing a bit cheaper by say £125. That being said, you mightlive to rue opting for an an unknown lawyer. If is important to enquire that the solicitor can also act for your lender. Do employ our search tool to choose a Bryncoch conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Bryncoch.
How up to date is your database of Bryncoch solicitors on the Co-operative conveyancing panel? Do Co-operative send you an updated list?
Bryncoch conveyancing firms themselves provide us confirmation that they are on the Co-operative conveyancing panel as opposed to being supplied with a list from Co-operative directly.
is it true that all Bryncoch solicitors on the TSB conveyancing panel are overseen by the Solicitors Regulatory Authority?
As a firm of solicitors, in order to be on the TSB approved list of solicitors they would need to be regulated by the SRA. The majority of banks do allow licenced conveyancers on their panel and in that case the organisation would be overseen by the Council of Licensed Conveyancers.
We previously instructed solicitors based in Bryncoch on the Leeds Building Society solicitor approved list. They are now charging me a further charge for dealing with the Leeds Building Society mortgage. Is this an additional conveyancing fee specified by Leeds Building Society?
As unfair as it may appear, as long as it’s in their Terms and Conditions or estimate then yes your conveyancer may charge a fee for this. This fee is not set by Leeds Building Society but by your Bryncoch conveyancing practitioner. Some firms on the Leeds Building Society panel will quote ’dealing with mortgage’ fee but some firms incorporate it on their overall fee.
I was told four weeks ago that my mortgage has been agreed to by Lloyds. Is it usual for Lloyds to only issue the offer once my solicitor in Bryncoch is approved on their conveyancing panel? Lloyds have asked my solicitor to see a copy of their PI Insurance.
Mortgage companies tend not to not issue a mortgage until they have details of a lawyer on their panel. It can take a few weeks for Lloyds to deal with your lawyer's application to be on the Lloyds conveyancing panel. There's no guarantee that your solicitor will be accepted.
In my capacity as executor for the estate of my grandmother I am disposing of a residence in Monmouth but live in Bryncoch. My lawyer (approximately 200 miles awayrequires that I execute a stat dec prior to completion. Could you suggest a conveyancing lawyer in Bryncoch to attest this legal document for me?
Technically speaking you are not likely to need to have the documents witnessed by a conveyancing solicitor. Normally or notary public or qualified solicitor will suffice regardless of whether they are based in Bryncoch
I've recently bought a leasehold house in Bryncoch. Am I liable to pay service charges for periods before completion of my purchase?
Where the service charge has already been demanded from the previous owner and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. A critical element of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I bought a 1 bedroom flat in Bryncoch, conveyancing having been completed August 2005. How much will my lease extension cost? Comparable flats in Bryncoch with a long lease are worth £201,000. The ground rent is £45 levied per year. The lease ceases on 21st October 2090
You have 65 years unexpired we estimate the premium for your lease extension to range between £13,300 and £15,400 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There may be additional concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
Living abroad it is not practicable to attend my Bryncoch conveyancing solicitors office to execute documents for conveyancing in Bryncoch – will this be problematic?
Not a problem. Bryncoch conveyancing solicitors can handle conveyancing transactions for clients nationally. It is not necessary for you to be able to visit a Bryncoch conveyancers office. They can deal with everything via phone, post and email - whatever works for you.