I was recommended to a solicitor who has sent a quote for £1400 for freehold conveyancing in Derbyshire. I am looking to sell a Georgian detached home for £175,000. Is this over the top? Is it in excess of what I should be paying for conveyancing in Derbyshire?
The charges are a tad high. If you are prepared to spend time scrutinising prices you could trim some of the cost by say a hundred pounds. That being said, you mightlive to regret choosing an an untested conveyancer. Remember to be sure the firm can represent your lender. You can utilise our comparison tool to locate a Derbyshire conveyancing firm on the banks member panel which can often include conveyancing solicitors in Derbyshire.
My wife and I are intent on selling our property in Derbyshire and according to the buyers it appears that there is a possibility that the property was constructed on contaminated land. A high street Derbyshire lawyer would know that there is no such problem. For the life of me I don't know why the buyers used a national conveyancing practice rather than a conveyancing solicitor in Derbyshire. Having lived in Derbyshire for many years we know of no issue. Do we get in touch with our local Authority to seek clarification that the buyers are looking for.
It would appear that you have a conveyancing lawyer currently acting for you. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
It has been three months following my purchase conveyancing in Derbyshire concluded. I have checked the Land Registry site which shows that I paid £175,000 when infact I paid £160,000. 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 residence 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.
I am looking for a leasehold apartment up to £235,500 and identified one near me in Derbyshire I like with amenity areas and railway links nearby, however it only has 51 years unexpired on the lease. There is not much else in Derbyshire suitable, so just wondered if I would be making a grave error buying a lease with such few years left?
Should you need a home loan the remaining unexpired lease term will be problematic. Reduce the price by the amount the lease extension will cost if not already taken into account. If the current owner has owned the premises for at least 2 years you could request that they commence the lease extension formalities and pass it to you. An additional ninety years can be extended on to the current lease with a zero ground rent applied. You should speak to your conveyancing solicitor regarding this matter.
I today plan to offer on a house that appears to meet my requirements, at a reasonable figure which is making it all the more appealing. I have just found out that it's a leasehold rather than freehold. I would have thought that there are issues purchasing a leasehold house in Derbyshire. Conveyancing solicitors have are soon to be appointed. Will my lawyers set out the implications of buying a leasehold house in Derbyshire ?
Most houses in Derbyshire are freehold rather than leasehold. This is one of the situations where having a local solicitor used to dealing with such properties who can assist with the conveyancing process. We note that you are buying in Derbyshire in which case you should be shopping around for a Derbyshire conveyancing practitioner and be sure that they have experience in dealing with leasehold houses. First you will need to check the unexpired lease term. Being a lessee you will not be entirely free to do whatever you want with the house. The lease comes with conditions for example obtaining the landlord’sconsent to carry out changes to the property. It may be necessary to pay a contribution towards the maintenance of the communal areas where the property is part of an estate. Your solicitor will report to you on the legal implications.
I bought a studio flat in Derbyshire, conveyancing having been completed May 2002. How much will my lease extension cost? Similar properties in Derbyshire with over 90 years remaining are worth £211,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease runs out on 21st October 2092
With 67 years remaining on your lease we estimate the price of your lease extension to span between £10,500 and £12,000 as well as plus your own and the landlord's "reasonable" professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use this information in tribunal or court proceedings. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not take any other action based on this information before getting professional advice.
Please can you explain what options are available to me where my Derbyshire conveyancing searches reveals adverse entries?
On the whole, almost all adverse entries disclosed in Derbyshire conveyancing search results can be dealt with prior to completion or indemnity insurance may be obtained. You need to remember that although you may be acquiring the premises and may be content to accept the search results, your lender may not, and when all said and done they have the word say.