My family lawyer has given a fee calculation of £995 for no sale no fee conveyancing in Chaddesden. I am looking to sell a Georgian house for £125,000. Are these estimated fees excessive? Is it in excess of what I should be paying for conveyancing in Chaddesden?
The estimate does seem a tad overpriced. If you shop around you may be able to reduce the fees marginally by perhaps £100 plus VAT. That being said, you mightcome to regret choosing an a cheaper solicitor. Remember to ensure that the solicitor can act for your mortgage company. You can make use of our search tool to find a Chaddesden conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Chaddesden.
I am buying a house and the conveyancer has mentioned Chancel Repair to which the property may be obligated to contribute to given it’s proximity to the area of such a church. She has recommended insurance. Is this strictly warranted for conveyancing in Chaddesden
Unless a previous acquisition of the premises took place post 12 October 2013 you can take it that solicitors carrying out conveyancing in Chaddesden to remain encouraging a chancel search and or chancel repair liability insurance.
My wife and I have a semi-detached Georgian house in Chaddesden. Conveyancing practitioner represented me and Coventry Building Society. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the matching address. If a house is not a freehold shouldn't I have been informed?
You should read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Chaddesden and other areas of the country and poses no real issues for owners other than when they buy they have to account for both freehold and leasehold interests when dealing with purchasers. You can also check the situation with the conveyancing solicitor who conducted the purchase.
I decided to have a survey completed on a property in Chaddesden ahead of appointing lawyers. I have been informed that there is a flying freehold overhang to the property. The surveyor has said that some lenders tend refuse to grant a mortgage on this type of house.
It depends who your proposed lender is. Santander has different requirements for example to Birmingham Midshires. Should you wish to call us we can check with the appropriate mortgage company. If you lender is happy to lend one our lawyers can help as they are accustomed to dealing with flying freeholds in Chaddesden. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Chaddesden to see if the conveyancing costs will increase in light of this.
What does commercial conveyancing in Chaddesden cover?
Commercial conveyancing in Chaddesden incorporates a wide range of advice, provided by qualified solicitors, relating to business property. By way of example, this type of conveyancing can cover the sale or purchase of freehold business premises or, more commonly, the transfer of existing business tenancies or the drafting of new leasing arrangements. Commercial conveyancing solicitors can also offer advice on the sale of business assets, commercial mortgages and the termination of leases.
Last June I purchased a leasehold flat in Chaddesden. Am I liable to pay service charges relating to a period prior to my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. However, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to be sure 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).
Chaddesden Conveyancing for Leasehold Flats - Sample of Questions you should ask Prior to Purchasing
-
How many of the leaseholders are in arrears for their maintenance charge payments? Make sure you discover if there is anything that is prohibited in the lease. For instance some leases prohibit pets being permitted in certain buildings in Chaddesden. If you like the apartmentin Chaddesden yet your dog is not allowed to live with you then you have a very difficult decision. Its a good idea to discover as much as possible about the company managing the building as they will either make life much easier or uncomfortable. As the owner of a leasehold property you are frequently in the clutches of the managing agents both financially and when it comes to practical matters such as the tidiness of the communal areas. Enquire of other people whether they are happy with them. Finally, investigate as to the dates that the service fees are due to the managing agents and precisely what it includes.