Just been in touch with my conveyancing solicitor in Haverhill who completed the legal work 18 months ago requesting a conveyancing costs illustration based on the same type of house sale & purchase (a leasehold premises and a freehold property) of almost identical values with a mortgage from HSBC Bank. It looks as though am now being quoted double. Stick with what I know or should I seek out an alternative conveyancer?
The estimate does seem a little overpriced. If you are content to expend time scrutinising costs you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, providing that you were pleased with the service the firm provided you mightcome to rue opting for an an untested conveyancer. Remember to be sure that the conveyancer can also act for HSBC Bank. Do utilise our search tool to locate a Haverhill conveyancing firm on the HSBC Bank approved list of lawyers, which can often include conveyancing solicitors in Haverhill.
I own a freehold premises in Haverhill but nevertheless pay rent, why is this and what is this?
It’s unusual for properties in Haverhill and has limited impact for conveyancing in Haverhill 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 many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges from 1977 onwards.
Old rentcharges can now be redeemed by making a one off payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
My wife and I are purchasing a house in Haverhill. It might be a silly question but how we can trust a lawyer? On the day of competition we will need to put money into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
I am purchasing a end of terrace house in Haverhill. Our aim is to carry out an extension to the side at the property.Will the conveyancing process involve checks to see if these works were previously refused?
Your property lawyer should check the deeds as conveyancing in Haverhill will sometimes reveal restrictions in the title deeds which prevent categories of changes or require the permission of a 3rd party. Certain additions require local authority planning consent and approval under the building regulations. Certain areas are designated conservation areas and special planning restrictions apply which frequently prevent or affect extensions. You should check these things with a surveyor ahead of any purchase.
I am buying a property in Haverhill. One unusual aspect is that the roof has a solar panel. Leeds Building Society have issued a mortgage offer so presumably this is not a concern to them. Why is my solicitor raising questions about the panel?
As you are obtaining a mortgage with Leeds Building Society your lawyer must comply with the conveyancing requirements outlined in Part 2 of UK Finance Lenders’ Handbook for Leeds Building Society. The Council of Mortgage Lenders’ Handbook stipulates minimum requirements for solar panel roof-space leases, and conveyancers are required to report to Leeds Building Society where a lease does not comply with these requirements. The provisions relate to the installation of panels on properties in England and Wales and is not restricted to Haverhill.
I require expedited conveyancing in Haverhill as I am under an ultimatum to exchange contracts inside one month. Thankfully I do not need a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
If.Given you are not obtaining a mortgage you have the choice not to do searches although no law firm would suggest that you don't. Drawing on our experience of conveyancing in Haverhill the following are examples of what can be revealed and therefore affect future saleability: Enforcement Notices, Outstanding Charges, Outstanding Grants, Road Schemes,...
I opted to have a survey done on a property in Haverhill before instructing conveyancers. I have been told that there is a flying freehold overhang to the house. The surveyor advised that some mortgage companies will not grant a loan on this type of home.
It depends who your proposed lender is. HSBC has different instructions for example to Nationwide. Should you wish to call us we can check with the appropriate lender. If you lender is happy to lend one our lawyers can assist as they are used to dealing with flying freeholds in Haverhill. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Haverhill to see if the conveyancing costs will increase in light of this.
If all goes to plan we aim to complete the sale of our £150,000 maisonette in Haverhill in just under a week. The managing agents has quoted £408 for Landlord’s certificate, insurance certificate and 3 years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Haverhill?
Haverhill conveyancing on leasehold apartments often necessitates the purchaser’s lawyer sending questions for the landlord to answer. Although the landlord is under no legal obligation to address these enquiries most will be content to assist. They are at liberty to invoice a reasonable administration fee for answering questions or supplying documentation. There is no set fee. The average costs for the paperwork that you are referring to is over three hundred pounds, in some situations it exceeds £800. The administration charge demanded by the landlord must be accompanied by a synopsis of entitlements and obligations in respect of administration fees, without which the invoice is not strictly payable. Reality however dictates that one has little option but to pay whatever is demanded if you want to complete the sale of your home.
I purchased a studio flat in Haverhill, conveyancing having been completed 9 years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Haverhill with a long lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced annually. The lease expires on 21st October 2102
With just 76 years unexpired we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as legals.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of comprehensive due diligence. Do not use this information 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. Please do not take any other action placing reliance on this information without first getting professional advice.