Our family solicitor has given a fee estimate £1400 for leasehold conveyancing in Hadleigh. I am selling a Georgian house for £300,000. This seems over the top. Is it above what I should be paying for conveyancing in Hadleigh?
The estimate does seem a tad overpriced. Where you are willing to spend time comparing prices you might shave off some of the cost by say £125. On the other hand, you mightcome to regret opting for an an unknown lawyer. Don't forget to check the firm can represent your lender. You can utilise our comparison tool to choose a Hadleigh conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Hadleigh.
Why do I have to pay up front for my conveyancing in Hadleigh?
Where you are retaining lawyers for conveyancing in Hadleigh your lawyer will ask you place them with funds to cover the the cost of the conveyancing searches. This will be the total of the cost of the Local Authority Search. When the deposit is payable against the sale price then this will be needed shortly in advance of exchange of contracts. Any further balance that is due should be sent to your lawyer a couple of days prior to the completion date.
My partner and I are downsizing from our house in Hadleigh and the buyers lawyers are claiming that there is a risk of it being built on contaminated land. Any local lawyer would know this is not the case. For the life of me I don't know why the buyers used a factory type conveyancing practice as opposed to a conveyancing solicitor in Hadleigh. Having lived in Hadleigh for 4 years we know of no issue. Is it a good idea to get in touch with our local Authority to get clarification need.
It sounds as though you may have a conveyancing firm currently acting for you. Are they able to advise? You must enquire of your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out life insurance to cover that same illness)
How does conveyancing in Hadleigh differ for newly converted properties?
Most buyers of new build or newly converted property in Hadleigh come to us having been asked by the seller to sign contracts and commit to the purchase even before the residence is ready to move into. This is because builders in Hadleigh typically buy the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are accustomed to new build conveyancing in Hadleigh or who has acted in the same development.
Having checked my lease I have discovered that there are only Sixty One years remaining on my lease in Hadleigh. I now wish to get lease extension but my freeholder is absent. What should I do?
On the basis that you qualify, under the Leasehold Reform, Housing and Urban Development Act 1993 you can submit an application to the County Court for an order to dispense with the service of the initial notice. This will enable the lease to be lengthened by the Court. You will be obliged to demonstrate that you or your lawyers have made all reasonable attempts to locate the lessor. In some cases a specialist should be useful to carry out a search and to produce a report which can be accepted by the court as evidence that the landlord is indeed missing. It is advisable to get professional help from a conveyancer in relation to proving the landlord’s absence and the vesting order request to the County Court covering Hadleigh.
I inherited a ground floor flat in Hadleigh, conveyancing having been completed 3 years ago. Can you let me have an estimated range of the fair premium for a lease extension? Corresponding properties in Hadleigh with an extended lease are worth £197,000. The average or mid-range amount of ground rent is £55 invoiced every year. The lease terminates on 21st October 2081
With 55 years unexpired we estimate the price of your lease extension to range between £31,400 and £36,200 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you should be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information without first seeking the advice of a professional.
My financial adviser has recommended their property lawyer for the conveyancing in Hadleigh - Is it not simpler easier to just instruct them?
You need to establish if the selling agent is recommending a lawyer or introducing to a conveyancer. There are plenty of Hadleigh selling agents who recommend two or three Hadleigh conveyancing firms purely based on those lawyers offering a great service.