My fiance’s brother is a conveyancing practitioner. I suspect that I will receive friends and family rates for conveyancing, However if that does not come materialise, what kind of fees should I be paying for conveyancing in Dunvant?
It’s a good idea to look for 3 or more like-for-like conveyancing estimates. Do use our comparison tool on this page. The charges will be different but service levels do are distinct between conveyancers as is true with the vast majority of professional services.
Are the BSA intent on creating a online directory to to identify practices on the Melton Mowbray Building Society conveyancing panel for example in Dunvant?
We would not expect to be advised of any intention on the part of the BSA to promote such a tool.
What can a local search reveal concerning the property my wife and I buying in Dunvant?
Dunvant conveyancing often commences with the submitting local authority searches directly from your local Authority or through a personal search organisations for instance PSG The local search is essential in every Dunvant conveyancing purchase; that is if you don’t want any nasty once you have moved into your property. The search will provide data on, amongst other things, details on planning applications applicable to the property (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of thirteen subject sections.
Due to the input of my in-laws I had a survey completed on a house in Dunvant in advance of appointing lawyers. I have been advised that there is a flying freehold overhang to the house. The surveyor advised that some banks tend refuse to grant a loan on this type of premises.
It varies from the lender to lender. HSBC has different instructions from Nationwide. If you call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Dunvant. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Dunvant to see if the conveyancing will be more expensive.
Am I best advised to choose a Dunvant conveyancing solicitor in close proximity to the house I am hoping to buy? An old friend can deal with the legal work but her office is 200kilometers drive away.
The benefit of a local Dunvant conveyancing practice is that you can attend the office to sign documents, deliver your ID and apply pressure on them where appropriate. They will also have local intelligence which is a plus. That being said it's more important to get someone that will do a good and efficient job. If other friends have used your friend and on the whole were impressed that must outweigh using an unknown Dunvant conveyancing solicitor just because they are Dunvant based.
I am employed by a long established estate agent office in Dunvant where we have witnessed a number of flat sales derailed due to short leases. I have been given contradictory information from local Dunvant conveyancing solicitors. Could you confirm whether the seller of a flat can start the lease extension process for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years to extend their lease. 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 bought a 1st floor flat in Dunvant, conveyancing was carried out March 2012. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent flats in Dunvant with a long lease are worth £191,000. The ground rent is £55 levied per year. The lease ends on 21st October 2078
With just 53 years unexpired the likely cost is going to range between £27,600 and £31,800 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. You should not take any other action placing reliance on this information without first seeking the advice of a professional.