Just contacted my conveyancing solicitor in East Barming who acted for me two years ago asking for a conveyancing costs illustration based on an identical type of house move (a leasehold premises and a freehold property) of similar values with a mortgage from Alliance & Leicester . It looks as though am now being quoted twice the amount. Am I right to be tempted to shop around for an alternative property lawyer?
The estimate fees seem a little high. If you are content to expend time scrutinising prices you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. That being said, assuming were satisfied with the service the firm offered you mightlive to rue opting for an an unknown lawyer. If is important to enquire that the conveyancer can represent Alliance & Leicester . You can make use of our search tool to choose a East Barming conveyancing firm on the Alliance & Leicester approved list of lawyers, which can often include conveyancing solicitors in East Barming.
I own a freehold property in East Barming but still invoiced for rent, why is this and what is this?
It’s unusual for properties in East Barming and has limited impact for conveyancing in East Barming but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back hundreds of years, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be extinguished by making a one off payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
My bank has suggested a law firm on their panel based in East Barming but I would rather use a conveyancing lawyer in East Barming or nearer to where I live. Can you help?
Not all East Barming conveyancing practitioners are approved and listed on all banks conveyancing panel. Please make use of the above search tool to find a East Barming conveyancing solicitor on the on the bank panel.
I am looking for a flat up to £245,000 and identified one near me in East Barming I like with open areas and station in the vicinity, the downside is that it's only got 52 years unexpired on the lease. There is not much else in East Barming suitable, so just wondered if I would be making a grave error purchasing a short lease?
If you need a mortgage that many years will likely be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for at least 2 years you could request that they start the process of the extension and pass it to you. An additional ninety years can be extended on to the current lease term with a zero ground rent applied. You should consult your conveyancing lawyer about this matter.
Is it possible to change solicitor as I have to choose one who is on the HSBC Bank conveyancing panel. I was using a family conveyancing solicitor in East Barming five minutes from me but he is not accepted by HSBC Bank
It would be our pleasure to assist you select a conveyancing solicitor in East Barming on the HSBC Bank panel. Please note that the conveyancers that we list do not pay us commission if you instruct them and are registered with the Solicitors Regulation Authority who regulate all conveyancing solicitors in East Barming. In making use of search facility on this website, you can compare and instruct different solicitors and conveyancers both nationally and in East Barming.
Can you offer any advice when it comes to appointing a East Barming conveyancing practice to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a East Barming conveyancing firm) it is most important that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non East Barming conveyancing practices before you instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be helpful:
-
If the firm is not ALEP accredited then what is the reason? What are the legal fees for lease extension conveyancing?
I invested in buying a studio flat in East Barming, conveyancing having been completed in 1996. Can you let me have an estimated range of the fair premium for a lease extension? Similar properties in East Barming with an extended lease are worth £180,000. The ground rent is £65 invoiced every year. The lease expires on 21st October 2083
With just 58 years unexpired we estimate the price of your lease extension to span between £22,800 and £26,400 plus costs.
The figure that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed investigations. Do not use the figures in a Notice of Claim or as an informal offer. There may be other concerns that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.