I was recommended to a lawyer who has quoted £1350 for freehold conveyancing in Fernhill Heath. I’m hoping to downsize from a Edwardian house for £175,000. Is this overpriced? Is it above the norm for conveyancing in Fernhill Heath?
The estimate does seem a tad steep. If you shop around you could get the conveyancing a bit cheaper by say a hundred pounds. On the other hand, you maylive to regret opting for an an unknown lawyer. Don't forget to check that the conveyancer can represent your mortgage company. You can utilise our comparison tool to select a Fernhill Heath conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Fernhill Heath.
The Fernhill Heath conveyancing lawyers that just started acting on my purchase in Fernhill Heath have without warning closed. I only went with them because I had to have a firm on the HSBC conveyancing panel and my previous Fernhill Heath lawyer was not. I issued them a cheque for £250 in advance. What should be my next steps?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to reasons beyond your control. Most sellers would be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You should appoint new lawyers that are on the HSBC conveyancing panel and notify the lender. If you have paid over any money, it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new solicitors should be in a position to assist.
My friend recommended that if I am buying in Fernhill Heath I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. What does it cover?
A search of this type is sometimes quoted for as part of the standard Fernhill Heath conveyancing searches. It is not a small report of about 40 pages, listing and setting out important information about Fernhill Heath around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the Fernhill Heath Housing Market, Council Tax Banding, the demographics of People living in the area, the dominant type of Housing, the Average House Prices, Crime statistics, Fernhill Heath Education with plans and statistics, Local Amenities and other useful data regarding Fernhill Heath.
I'm buying my first flat in Fernhill Heath with a loan from HSBC Bank. The sellers refused to budge the price so I negotiated five thousand pounds worth of fixtures and fittings instead. The sale representative suggested that I not reveal to my lawyer about the side-deal as it could impact my loan with HSBC Bank. Do I keep my lawyer in the dark?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
In my capacity as executor for the will of my uncle I am disposing of a property in Swansea but live in Fernhill Heath. My conveyancer (approximately 250 miles from mehas requested that I sign a stat dec ahead of completion. Can you recommend a conveyancing practitioner in Fernhill Heath to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily any notary public or qualified solicitor will be fine regardless of whether they are based in Fernhill Heath
I today plan to offer on a house that appears to be perfect, at a reasonable price which is making it all the more appealing. I have since been informed that it's a leasehold as opposed to freehold. I am assuming that there are issues purchasing a leasehold house in Fernhill Heath. Conveyancing advisers have are soon to be appointed. Will they explain the issues?
Most houses in Fernhill Heath are freehold and not leasehold. In this scenario it’s worth having a local conveyancer who is familiar with the area who can assist with the conveyancing process. it is apparent that you are buying in Fernhill Heath in which case you should be shopping around for a Fernhill Heath conveyancing solicitor and check that they are used to advising on leasehold houses. First you will need to check the number of years remaining. As a tenant you will not be entirely free to do whatever you want to the property. The lease will likely included provisions such as requiring the landlord’spermission to conduct changes to the property. You may also be required to pay a contribution towards the maintenance of the communal areas where the house is located on an estate. Your lawyer should advise you fully on all the issues.
I purchased a studio flat in Fernhill Heath, conveyancing was carried out April 2006. Can you give me give me an indication of the likely cost of a lease extension? Similar flats in Fernhill Heath with over 90 years remaining are worth £186,000. The ground rent is £55 charged once a year. The lease runs out on 21st October 2078
With only 53 years unexpired we estimate the price of your lease extension to be between £27,600 and £31,800 plus plus your own and the landlord's "reasonable" professional fees.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more detailed due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There may be other issues that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward placing reliance on this information without first seeking the advice of a professional.