My fiance’s dad is a conveyancing practitioner. I hope that I can be offered preferential rates for conveyancing, However if that does not come through, what level of fees should I be paying for conveyancing in County Durham?
It’s prudent to seek two or three conveyancing quotes. Do use our comparison tool on this page. Whilst fees seem to contrast greatly but service levels do are distinct between solicitors as is true with most professions.
I am buying a property for cash in County Durham. I have been living for the last dozen years in County Durham. Conveyancing searches are a lot of money. As I know the road and vicinity intimately should I not bother getting the solicitor to do all the conveyancing searches?
Provided that you do not need a home loan, then all but one or two of the County Durham conveyancing searches are non-obligatory. Your conveyancer will try and sway you, perhaps strongly, that you should have searches carried out, but she is duty bound to take that path of encouragement . Do take into account; if you are intend to sell the house one day, it will be of relevance to your prospective purchaser what the searches reveal. On occasion properties with day to day issues can still show up adverse search results. A good conveyancing solicitor in County Durham should provide you some constructive advice in this regard.
My wife and I have a 4 bedroom Victorian property in County Durham. Conveyancing solicitor represented me and Norwich and Peterborough Building Society. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, the second leasehold with the exact same address. I thought I was buying a freehold how can I check?
You should review 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 County Durham and other locations in the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with purchasers. You can also question the position with the conveyancing solicitor who completed the work.
I am buying a new build flat in County Durham. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. What sort of enquires would be asked in new build conveyancing.
Here is a sample of a selection of leasehold new build enquiries that you can expect your new-build leasehold conveyancing in County Durham
-
Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents. There must be mutual enforceability of lessee’s covenants. Please supply a car parking plan. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
I've recently bought a leasehold house in County Durham. Do I have any liability for 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. 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 inherited a ground floor flat in County Durham, conveyancing having been completed 3 years ago. Can you work out an approximate cost of a lease extension? Comparable properties in County Durham with over 90 years remaining are worth £195,000. The ground rent is £45 invoiced annually. The lease terminates on 21st October 2088
With only 63 years unexpired the likely cost is going to range between £16,200 and £18,600 as well as professional fees.
The figure above a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of detailed due diligence. You should not use this information 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. You should not move forward based on this information before seeking the advice of a professional.
Been looking for a lawyer for leasehold sale conveyancing in County Durham. I'm selling, simple no mortgage to redeem, no hurry, no onward chain. Had a quote from a lawyer for £1000 including VAT which is a little expensive considering its so straightforward. Can I pay less for conveyancing in County Durham?
Given that it’s a sale only, £450 + VAT is likely to be about the best for a County Durham solicitor firm.