The solicitor who helped my last purchase has sent a quote for £1150 for no move no fee conveyancing in Burgess Hill. I’m looking to sell a modern house for £175,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Burgess Hill?
The charges are a little high. Where you are willing to spend time scrutinising costs you might get the conveyancing a bit cheaper by perhaps £125. That being said, you maylive to regret opting for an an untested lawyer. If is important to enquire the firm can also act for your lender. Do employ our search tool to choose a Burgess Hill conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Burgess Hill.
We are selling our apartment in Burgess Hill. Will my solicitor have to be on the Lloyds conveyancing panel in order to deal with redeeming my mortgage?
Ordinarily, even if your lawyer is not on the Lloyds conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their specifications fairly frequently at the moment.
It has been 4 months following my purchase conveyancing in Burgess Hill concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £180,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the premises from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
The estate agent has sent us the confirmation of our purchase of a new build apartment in Burgess Hill. Conveyancing is necessary evil at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here are examples of a few leasehold new build enquiries that you should expect your new-build leasehold conveyancing in Burgess Hill
-
There must be mutual enforceability of lessee’s covenants. The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Has the Lease plan been approved by the Land Registry and if not when will they be lodged for this purpose? Forfeiture - bankruptcy or liquidation must not apply under this provision.
I decided to have a survey carried out on a property in Burgess Hill in advance of retaining lawyers. I have been told that there is a flying freehold element to the house. Our surveyor has said that some lenders tend not give a mortgage on this type of premises.
It varies from the lender to lender. HSBC has different requirements from Birmingham Midshires. Should you wish to telephone us we can look into this further with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Burgess Hill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Burgess Hill to see if the conveyancing will be more expensive.
Do you have any top tips for leasehold conveyancing in Burgess Hill from the perspective of speeding up the sale process?
- Much of the delay in leasehold conveyancing in Burgess Hill can be reduced where you instruct lawyers the minute you market your property and ask them to put together the leasehold information which will be required by the purchasers’ solicitors. If you have carried out any alterations to the property would they have required Landlord’s approval? Have you, for example installed wooden flooring? Most leases in Burgess Hill state that internal structural changes or installing wooden flooring require a licence issued by the Landlord acquiescing to such works. If you fail to have the paperwork to hand you should not contact the landlord without contacting your conveyancer before hand. You believe that you know the number of years left on your lease but it would be wise to verify this by asking your solicitors. A purchaser's conveyancer will not be happy to advise their client to proceed with the purchase of a leasehold property the remaining number of years is less than 80 years. It is therefore essential at an as soon as possible that you identify whether the lease requires a lease extension. If it does, contact your solicitors before you put your home on the market for sale. Many landlords or Management Companies in Burgess Hill levy fees for providing management packs for a leasehold property. You or your lawyers should find out the actual amount of the charges. The management pack sought on or before finding a buyer, thus accelerating the process. The average time it takes to obtain the necessary information is three weeks. It is the most usual cause of frustration in leasehold conveyancing in Burgess Hill.
Burgess Hill Leasehold Conveyancing - Sample of Queries before Purchasing
-
Plenty Burgess Hill leasehold flats will be liable to pay a service charge for maintenance of the block invoiced by the management company. If you purchase the property you will have to pay this contribution, usually quarterly during the year. This could be anything from a couple of hundred pounds to thousands of pounds for large purpose-built blocks. In all likelihood there will be a rentcharge for you to pay yearly, ordinarily this is not a significant figure, say about £25-£75 but you need to check it because sometimes it can be many hundreds of pounds. Are any of leasehold owners in dispute over their service charge liability? It is important to be aware if fixing the lift or some other major work is due shortly that will be shared by the leasehold owners and may well materially increase the the maintenance fees or require a specific payment.