We selected a Hedge End based firm for our conveyancing in Hedge End last week. After carefully reading the terms of engagement it is apparent thatI am on the hook for fees even if the sale doesn't happen. Should I go with them or appoint a web based conveyancing brokerage advertising no completion no cost conveyancing in Hedge End?
It is usually ‘give and take’ in that if "No Completion No Fee" is offered then the conveyancing charges will generally be higher to counteract the conveyances that fail to complete. Dont forget that such arrangements generally do not cover expenses e.g. Hedge End conveyancing search fees.
I am purchasing a house for cash in Hedge End. I have resided for the last twelve years in Hedge End. Conveyancing searches are expensive. Given that I have knowledge of the area and road very well should I not bother getting the solicitor to do all the conveyancing searches?
If you not getting a mortgage, then the vast majority of the Hedge End conveyancing searches are at your discretion. Your solicitor will ’encourage you, no-doubt strongly, that you should have searches carried out, but he has a professional duty to do this. Do consider; if you are intend to sell the house at a future date, it may be of importance to your prospective purchaser what the searches determine. There are plenty of instances where properties with apparent issues can still throw up detrimental search results. A good conveyancing solicitor in Hedge End will be able to give you some sensible guidance in this regard.
Can you explain why leasehold purchase conveyancing in Hedge End costs more?
The conveyancing costs for a leasehold property in Hedge End is inevitably greater as compared to a freehold transaction. This is because there is an amount of extra time necessary in communicating with the landlord and management company to collate the information concerning whether the rent and service charges have been paid and whether there are any large sums expected to be spent in the foreseeable future on repairs or maintenance of the building.
I'm buying my first flat in Hedge End with the aid of help to buy. The sellers would not budge the price so I negotiated £7000 of fixtures and fittings instead. The house builders rep advised me not disclose to my solicitor about the side-deal as it may jeopardize my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
What are your top tips when it comes to appointing a Hedge End conveyancing firm to deal with our lease extension?
When appointing a solicitor for lease extension works (regardless if they are a Hedge End conveyancing firm) it is essential that they be familiar with the legislation and specialises in this area of conveyancing. We advise that you talk with several firms including non Hedge End conveyancing practices prior to instructing a firm. Where the conveyancing practice is ALEP accredited then that’s a bonus. The following questions might be of use:
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What are the legal fees for lease extension work?
I bought a ground floor flat in Hedge End, conveyancing formalities finalised in 2002. Can you please calculate a probable premium for a statutory lease extension? Comparable flats in Hedge End with an extended lease are worth £211,000. The ground rent is £50 yearly. The lease comes to an end on 21st October 2093
With 68 years unexpired the likely cost is going to range between £9,500 and £11,000 as well as costs.
The figure above a general guide to costs for extending a lease, but we cannot give you the actual costs without more detailed investigations. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.
I am purchasing a maisonette with all finances in place. My lawyer has been supplied with with 2 separate proof of photographic identification, bank statement, endless utility bills. Now he requires a copy from a probate lawyer stating that the funds are legitimate and that it has come from inheritance and not via illegitimate means.
In today’s world you will not be able to complete any Hedge End conveyancing transaction without first providing evidence of your identity to your lawyers. This usually takes the form of a either your passport or driving licence and a utility bill. Remember if you are providing your driving licence as evidence of ID it must be both the paper part and photo card part, one is not acceptable without the other. Establishing of your source of funds is required under Money Laundering laws.