Our family lawyer has quoted £1200 for fixed fee conveyancing in Corston. I’m hoping to downsize from a purpose built property for £150,000. This sounds over the top. Is it above what I should be paying for conveyancing in Corston?
The quote is fractionally on the expensive side. If you shop around you may be able to decrease the fees slightly by say £125. On the other hand, you maycome to rue choosing an an unknown lawyer. Don't forget to enquire that the solicitor can act for your lender. Do use our search tool to locate a Corston conveyancing company on the banks conveyancing panel which can often include conveyancing solicitors in Corston.
I am buying a new build flat in Corston. Conveyancing solicitors are said to be ‘a necessary evil’ but can I do it myself?
Leaving aside the complexities and merits of DIY conveyancing in Corston you will have to appoint a solicitor on your lender's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Corston.
The deeds to our property are lost. The solicitors who conducted the conveyancing in Corston 5 years ago have long since closed. What do I do?
Nowadays there are duplicates made of almost everything, and your lawyer will know precisely where to locate all the relevant paperwork so you can buy or dispose of your house without any difficulty. Where duplicates can’t be located, your solicitor can arrange cover in the form of insurance or indemnities protecting you against future claims on the premises.
Over the last few months I have been searching for a leasehold apartment up to £195,000 and identified one close by in Corston I like with amenity areas and station in the vicinity, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Corston for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a home loan that many years may be a potential deal breaker. Discount the price by the anticipated lease extension will cost if it has not already been discounted. If the current owner has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing lawyer concerning this matter.
Should I be concerned by brokers that I am dealing with are recommending a nationwide conveyancing firm rather than a High Street Corston conveyancing company?
As is the case with lots of service providers, often input from connections can be most helpful. But there are lots of parties with a keen interest in a conveyancing deal; estate agents, financial adviser and banks may put forward solicitors to retain. Sometimes these solicitors might be known to one of the organisations as being good in their field, but occasionally there may be a commercial relationship behind the endorsement. You have the right to appoint your own conveyancer. Don't forget that some banks specify a panel list of solicitors you have to use for the mortgage aspect of your home move.
If all goes to plan we aim to complete the sale of our £275,000 garden flat in Corston in just under a week. The management company has quoted £312 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is it legal for a freeholder to charge such fees for a flat conveyance in Corston?
For the majority of leasehold sales in Corston conveyancing will involve, questions about the management of a building inevitably needing to be answered directly by the freeholder or its agent, this includes :
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Completing conveyancing due diligence questions
Where consent is required before sale in Corston
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
I am the registered owner of a garden flat in Corston, conveyancing was carried out March 2003. Can you work out an approximate cost of a lease extension? Corresponding flats in Corston with a long lease are worth £176,000. The ground rent is £50 invoiced annually. The lease terminates on 21st October 2105
You have 80 years unexpired we estimate the price of your lease extension to range between £8,600 and £9,800 plus legals.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to supply a more accurate figure in the absence of 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 taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action based on this information without first seeking the advice of a professional.