The lawyer who dealt with my previous purchase has quoted £1200 for leasehold conveyancing in Harlow. I am looking to sell a Edwardian property for £225,000. Is this too much? Is it above the norm for conveyancing in Harlow?
The estimate does seem marginally steep. If you shop around you might get the conveyancing a bit cheaper by perhaps a hundred pounds. On the other hand, you couldlive to rue choosing an an untested lawyer. Remember to be sure the solicitor can also act for your bank. Do employ our comparison tool to find a Harlow conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Harlow.
My partner and I swapping mortgage lender for our flat in Harlow with TSB. We have a son approaching twenty who lives with us. Our solicitor has asked us to disclose anyone over the age of 17 other than ourselves who lives in the flat. Our lawyer has now e-mailed a document for our son to sign, giving up any rights in the event that the flat is repossessed. I have two questions (1) Is this document specific to the TSB conveyancing panel as he never had to sign this form when we purchased 4 years ago (2) Does our son by signing this extinguish his entitlement to inherit the property?
First, rest assured that your TSB conveyancing panel solicitor is doing the right thing as it is established procedure for any occupier who is aged 17 or over to sign the necessary Consent Form, which is purely to state that any rights he has in the property are postponed and secondary to TSB. This is solely used to protect TSB if the property were re-possessed so that in such circumstances, your son would be legally obliged to leave. It does not impact your son’s right to inherit the apartment. Please note that if your son were to inherit and the mortgage in favour of TSB had not been discharged, he would be liable to take over the loan or pay it off, but other than that, there is nothing stopping him from keeping the property in accordance with your will or the rules of intestacy.
I opted to have a survey completed on a house in Harlow prior to appointing solicitors. I have been informed that there is a flying freehold element to the house. My surveyor has said that some banks may not grant a mortgage on such a property.
It varies from the lender to lender. HSBC has different instructions for example to Nationwide. If you contact us we can look into this further via 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 Harlow. Conveyancing will be smoother if you use a solicitor in Harlow especially if they regularly deal with such properties in Harlow.
My husband and I are new on the property ladder - had an offer accepted, yet the property agent told us that the vendor will only issue a contract if we appoint the agent's chosen lawyers as they want an ‘expedited deal’. We would rather use a family solicitor who is accustomed to conveyancing in Harlow
It is unlikely the vendors are driving this. Should the vendor require ‘a quick sale', turning down a serious purchaser is counter productive. Avoid the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to go, with finances in place © you are unencumbered (d) you intend to proceed fast (e)but you intend to use your own,trusted Harlow conveyancing firm - as opposed tothose that will give the estate agent a introducer fee or meet his conveyancing thresholds pre-set by senior management.
We expect to complete the sale of our £250,000 maisonette in Harlow next week. The management company has quoted £312 for Certificate of Compliance, insurance certificate and previous years statements of service charge. Is it legal for a freeholder to charge exorbitant fees for a flat conveyance in Harlow?
Harlow conveyancing on leasehold flats usually requires the purchaser’s solicitor submitting enquiries for the landlord to address. Although the landlord is under no legal obligation to respond to such questions most will be willing to assist. They may invoice a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average fee for the paperwork that you are referring to is £350, in some cases it is above £800. The administration charge invoiced by the landlord must be sent together with a synopsis of rights and obligations in relation to administration fees, without which the charge is not strictly payable. Reality however dictates that one has no choice but to pay whatever is demanded if you want to complete the sale of your home.
I purchased a split level flat in Harlow, conveyancing having been completed half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Corresponding flats in Harlow with an extended lease are worth £222,000. The ground rent is £50 yearly. The lease ends on 21st October 2096
With 71 years left to run we estimate the price of your lease extension to range between £9,500 and £11,000 as well as legals.
The figure above a general guide to costs for renewing a lease, but we cannot give you the actual costs without more comprehensive investigations. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.
Much to my surprise my lawyer in Harlow is asking me for proof of ID documents stating that this is part of his obligations as a conveyancer on the lender Conveyancing panel. This is news to me - can I refuse?
Anti-terror and anti-money-laundering rules require Harlow conveyancing solicitors and licensed conveyancers to verify the identity of the person or body they are dealing with before they can accept their conveyancing business. The Terms and Conditions that you need to sign will no doubt confirm this. Your lawyer is right that the mortgage company also require certain documents to be viewed. If a you refuse to provide ID verification documents, your conveyancer would not be able to accept instructions from you. Your lawyer also has obligations to obtain certain documents in accordance with the lender's UK Finance Lenders’ Handbook requirements