My friend's brother is a conveyancer. I am hopeful that I will receive friends and family fee for conveyancing, but if not, what kind of fees would I typically be looking at for conveyancing in Henlow?
You should compare pricing. Do use our comparison tool on this site. You will notice that prices may contrast greatly but service levels do are distinct between solicitors as is the case with most professions.
My husband and I are nearing an exchange on a property in Henlow and my mum and dad have sent the exchange deposit to my conveyancing practitioner. I am now advised that as the deposit has not arrived from me my conveyancer needs to disclose this to my bank. I am advised that, in also acting for the mortgage company he must advise them that the balance of the purchase price is not just from me. I disclosed to the lender about my parents' contribution when I applied for the home loan, so is it really necessary for this now to hold matters up?
Your solicitor is obliged to clarify with the bank to make sure that they understand that the balance of the purchase price is not from your own resources. Your solicitor can only report this to your bank if you agree, failing which, your lawyer must cease to continue acting.
I am considering applying for a Santander mortgage for purchase of a newly converted (under development) in Henlow with 60% LTV. Is it compulsory to choose a solicitor on the conveyancing panel for Santander ?
In theory, you could use a solicitor that is not on the Santander conveyancing panel, but Santander would require one of their panel solicitors to be instructed to act in their interests, and you'd have to pay for this - so most people instruct a panel solicitor. It's also easier, as otherwise you'd have to deal with two solicitors for the same transaction.
I opted to have a survey done on a property in Henlow ahead of instructing conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some mortgage companies will refuse to issue a mortgage on such a property.
It varies from the lender to lender. Lloyds has different requirements for example to Nationwide. Should you wish to call us we can investigate further with the appropriate bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Henlow. Conveyancing may be slightly more expensive based on your lender's requirements.
Completion is due on the sale of our £400,000 apartment in Henlow in just under a week. The managing agents has quoted £408 for Landlord’s certificate, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge exorbitant fees for a leasehold conveyance in Henlow?
Henlow conveyancing on leasehold apartments more often than not involves the purchaser’s lawyer submitting enquiries for the landlord to answer. Although the landlord is not legally bound to answer these enquiries most will be content to do so. They may charge a reasonable charge 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 situations it exceeds £800. The administration charge demanded by the landlord must be accompanied by a synopsis of rights and obligations in respect of administration charges, otherwise the charge is not strictly payable. In reality one has no choice but to pay whatever is demanded if you want to sell the property.
I purchased a ground floor flat in Henlow, conveyancing formalities finalised August 1995. Can you let me have an estimated range of the fair premium for a lease extension? Equivalent properties in Henlow with over 90 years remaining are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease runs out on 21st October 2101
With only 76 years left to run we estimate the price of your lease extension to span between £8,600 and £9,800 as well as professional fees.
The figure that we have given is a general guide to costs for renewing 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 may be other issues that need to be taken into account and clearly you want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information before getting professional advice.
How and when do I pay stamp duty chargeable for my Henlow flat purchase?
Most property lawyers will complete a Land Transaction Return Form for you as part of your Henlow conveyancing transaction for signature. After completion your property lawyer will submit your Land Transaction Return Form to the Inland Revenue and - as long as they have the funds - discharge any tax bill liability for you.