Having been recommended your organisation we were going to go ahead with a conveyancing solicitor in Burford listed using your comparison tool but have come across alternative quotes on the internet appear less expensive – how come?
One can find lots of solicitors offering at first sight what seems to be cut price. We suggest that you think twice as to how much you respect your own move to want to take 'cheap' risks over the standard of the conveyancing. Some hide extras well inside the terms and conditions. The conveyancers that we list for conveyancing in Burford will notdo this.
I purchased a freehold property in Burford but still invoiced for rent, why is this and what is this?
It is rare for properties in Burford and has limited impact for conveyancing in Burford 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 establishment of fresh rentcharges post 1977.
Old rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence in 2037 will be extinguished.
My lawyer in Burford has never been on on the Bank of Scotland Approved Panel. Is it possible for me to use my family solicitor notwithstanding that they are not on the Bank of Scotland panel?
Your options are as follows:
- Carry on with your existing Burford lawyers but Bank of Scotland will need to instruct a lawyer on their list of acceptable firms. This will result in additional total conveyancing fees as well as result in delays.
- Get an alternative practitioner to to deal with the purchase, not forgetting to check they are Bank of Scotland approved.
- Try to convince your Bank of Scotland based solicitor to seek to join the Bank of Scotland panel
How does conveyancing in Burford differ for newly converted properties?
Most buyers of new build premises in Burford come to us having been asked by the housebuilder to exchange contracts and commit to the purchase even before the house is finished. This is because developers in Burford typically acquire the land, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct conveyancing solicitors as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Burford or who has acted in the same development.
Expecting to sign contracts shortly on a ground floor flat in Burford. Conveyancing solicitors inform me that they are sending me a report next week. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Burford should include some of the following:
-
You should have a good understanding of the insurance requirements You should know if the lease permits you to alter or upgrade aspects of the flat- you must be made aware as to whether it applies to all alterations or limited to structural alteration, and whether consent is required The total extent of the demise. This will be the property itself but could also incorporate a roof area or storage are if applicable. You should be told what constitutes a Nuisance in the lease
I invested in buying a garden flat in Burford, conveyancing formalities finalised 9 years ago. Can you please calculate a probable premium for a statutory lease extension? Similar properties in Burford with a long lease are worth £197,000. The average or mid-range amount of ground rent is £55 charged once a year. The lease finishes on 21st October 2080
With 55 years left to run we estimate the price of your lease extension to range between £31,400 and £36,200 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs without more comprehensive investigations. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not move forward based on this information without first seeking the advice of a professional.
I am considering instructing an online solicitor ahead of a Burford conveyancing practice. Any advice?
Numerous benefits exist in being able to pop in to a local Burford conveyancing solicitor for instance
- signing documents same day
- having face-to-face explanations of matters that you need help with
- the ability to complain if things go pear-shaped
When analysing estimates, look out for hidden extras. The majority decent Burford high street solicitors give an all-inclusive price. Many online companies appear to offer low cost fees, yet have burried 'extras' in the in the terms and conditions.