The lawyer who assisted with my previous purchase has quoted £1150 for fixed fee conveyancing in Devon. I am hoping to sell a purpose built detached home for £250,000. Are these estimated fees excessive? Is it above what I should be paying for conveyancing in Devon?
The charges are a tad high. Where you are happy to expend time contrasting quotes you could reduce the fees marginally by perhaps £100 plus VAT. That being said, you couldcome to rue choosing an an unknown lawyer. If is important to check that the solicitor can also act for your bank. You can make use of our search tool to find a Devon conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Devon.
My wife and I are buying a property in Devon. I might seem paranoid but how we can trust a conveyancer? At some point we will need to send money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
My conveyancer has informed me that missing deeds insurance is required on my purchase. What is the level of cover for Devon conveyancing?
The right level of missing deeds indemnity insurance depends on your lender. It would differ for example between Halifax and Leeds Building Society. Conveyancing practitioners as opposed to borrowers take out such policies.
We expect to receive a OIP from Bank of Ireland this week so we can work out what to offer on a property we like as otherwise we only have online calculators to go by (which aren't taking into account credit checks etc). Do Bank of Ireland recommend any Devon solicitors on the Bank of Ireland conveyancing panel, or is it better to find our own lawyer?
You will need to appoint Devon solicitors independently although you'll need to choose one on the Bank of Ireland conveyancing panel. The solicitor represents both you and Bank of Ireland through the process.
My wife and I own a renovated Georgian property in Devon. Conveyancing lawyer acted for me and Virgin Money. I did a free Land Registry search last week and there are two entries: the first freehold, another for leasehold with the exact same address. I'd like to know for sure, how can I find out??
You should review the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Devon and other areas of the country and poses no real issues for owners other than when they sell they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with your conveyancing lawyer who conducted the conveyancing.
How do I locate a Devon law firm on the Chelsea Building Society conveyancing panel? I drive a motor bike and am prepared to travel upto 20kilometers to meet the solicitor.
Feel free to make use of the search on this page. Please pick a lender and your location and you will see a number of Devon conveyancing lawyers locally. We have detailed some Devon conveyancing firms towards the end of this page and you can ring them to see whether they are on the Chelsea Building Society approved list
I am a negotiator for a long established estate agent office in Devon where we have witnessed a number of leasehold sales derailed as a result of short leases. I have received contradictory information from local Devon conveyancing solicitors. Can you shed some light as to whether the owner of a flat can commence the lease extension formalities for the buyer?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. The benefit of this is that the proposed purchaser need not have to sit tight for 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
I purchased a ground floor flat in Devon, conveyancing formalities finalised half a dozen years ago. How much will my lease extension cost? Comparable flats in Devon with a long lease are worth £260,000. The average or mid-range amount of ground rent is £45 invoiced annually. The lease ends on 21st October 2099
With 74 years left to run the likely cost is going to span between £8,600 and £9,800 as well as legals.
The figure that we have given is a general guide to costs for extending a lease, but we are not able to supply a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. Please do not take any other action placing reliance on this information without first seeking the advice of a professional.
My father completed his conveyancing in Devon Six years ago. He has been wed, widowed and has recently married again. He will be selling the flat this October. I believe he will just be asked to supply copies of his marriage certificates to the conveyancing practitioner however he is worried it could hold up the conveyancing. Is it worth updating the land title information for the property?
The is no need to bring up to date the register on the basis that you have the proof required to demonstrate how the name change resulted.
Any purchaser’s conveyancing practitioner will examine the registered details and request evidence to prove the name change e.g. marriage documentation.