Recently contacted my conveyancing lawyer in Ditchling who acted for me 18 months ago requesting a conveyancing estimate based on the same type of home move (a leasehold property and a freehold property) of similar values with a home loan from Lloyds TSB Bank. It looks as though am now being charged double. Should I look for a cheaper online firm of conveyancing solicitor?
The estimate does seem a tad overpriced. If you you were to look around you might decrease the fees marginally by perhaps £125. That being said, assuming were satisfied with the assistance the firm offered you mightcome to rue choosing an a cheaper solicitor. If is important to check the solicitor can also act for Lloyds TSB Bank. You can use our search tool to get a quote a Ditchling conveyancing firm on the Lloyds TSB Bank approved list of lawyers, which can often include conveyancing solicitors in Ditchling.
We note that you have a search directory listing solicitors on the Clydesdale conveyancing panel. Do firms pay you a commission if I appoint them for our own conveyancing in Ditchling?
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 Ditchling.
I have been on the look out for a ground for flat up to £195,000 and found one round the corner in Ditchling I like with amenity areas and transport links in the vicinity, the downside is that it only has 49 years on the lease. There is not much else in Ditchling in this price bracket, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease will likely be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the current owner has owned the property for a minimum of 2 years you may ask them to start the process of the extension and pass it to you. You can add 90 years to the existing lease with a zero ground rent applied. You should consult your conveyancing lawyer regarding this.
I was pointed in your direction by a number of estate agents in Ditchling to select a conveyancer on your site. What’s the financial inducement for Estate Agents to recommend your services over and above another?
We refuse to give any commission for pointing buyers and sellers in our direction. We thought it would be too underhand a fee because members of the public would think, ‘Why is the agent getting a kickback? Why aren’t I receiving any benefit too?’ We would prefer to grow our business on genuine recommendations.
I have just started marketing my 2 bed apartment in Ditchling. Conveyancing lawyers have not yet been instructed, however I have recently received a quarterly service charge demand – Do I pay up?
The sensible thing to do is pay the service charge as usual because all rents and service payments will be apportioned on completion, so you should recover the relevant percentage by the purchaser for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer until the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I am the registered owner of a garden flat in Ditchling, conveyancing formalities finalised half a dozen years ago. Can you let me have an estimated range of the fair premium for a lease extension? Comparable properties in Ditchling with a long lease are worth £201,000. The average or mid-range amount of ground rent is £45 per annum. The lease finishes on 21st October 2090
With only 64 years remaining on your lease we estimate the price of your lease extension to range between £14,300 and £16,400 as well as legals.
The figure above a general guide to costs for extending a lease, but we are not able to advice on a more accurate figure without more comprehensive investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should 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.
Should local authority permission be needed to change a house into a couple of flats in Ditchling? This has been done to a property opposite to my house in Ditchling and was unaware of it happening until the works were done.
Planning permission is required for splitting a single dwelling in Ditchling into flats but possibly not for converting back to single dwelling-house so, in answer to your question, yes.