I was referred a lawyer who has quoted £1150 for freehold conveyancing in Desford. I’m looking to sell a purpose built house for £125,000. Is this overpriced? Is it in excess of what I should be paying for conveyancing in Desford?
The charges are a little high. Where you are content to expend time scrutinising fee on a like for like basis you may be able to get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you couldlive to regret choosing an an untested lawyer. If is important to check the conveyancer can act for your mortgage company. Do make use of our search tool to choose a Desford conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Desford.
We note that you have a search directory identifying firms on the Clydesdale conveyancing panel. Do firms pay you a referral fee if I retain them for our own conveyancing in Desford?
We are a listing service only for law firms wishing to communicate if they are on the Clydesdale conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Desford.
My fiance and I are hoping to buy a 1 bedroom apartment in Desford with a mortgage from The Royal Bank of Scotland.We use our Desford conveyancing solicitor but The Royal Bank of Scotland advised that she’s not on their "panel". We have to appoint a The Royal Bank of Scotland panel solicitor or keep our preferred solicitor and fork out for a The Royal Bank of Scotland panel lawyer to act for them. We feel as though this is unjust; is there anything we can do?
No, not really. The mortgage offered to you is subject to its various provisions, a common one being that conveyancers needs to be on the The Royal Bank of Scotland approved list. Until recently, most banks had large numbers of solicitors on their panels: a borrower could choose one for themselves, as long as it was on the lender's panel. The lender would then simply instruct the borrower's lawyers to act for the lender, too. You can use your lender's panel lawyers or you could borrow from another lender which does not restrict your choice. Another option that might be available is for your solicitors to apply to be on the conveyancing panel for The Royal Bank of Scotland
Are there restrictive covenants that are commonly identified as part of conveyancing in Desford?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Desford. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
I've recently bought a leasehold flat in Desford. Am I liable to pay service charges for periods before 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).
I bought a garden flat in Desford, conveyancing was carried out in 2011. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding properties in Desford with an extended lease are worth £201,000. The average or mid-range amount of ground rent is £45 charged once a year. The lease comes to an end on 21st October 2090
With only 65 years unexpired the likely cost is going to be between £13,300 and £15,400 plus legals.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide a more accurate figure in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There may be other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action based on this information without first seeking the advice of a professional.
I have selected a Desford conveyancing solicitor for our house purchase (first time buyers) and have picked up in the terms and conditions that they are not covered by the FCA. Should I be concerned or is that the norm with solicitor?
We can't see why they should be. Most lawyer don't lend money. They will be regulated by the Solicitors Regulation Authority, who dictate specific obligations in relation to funds sitting by them.