The lawyer who dealt with my last purchase has quoted £1350 for freehold conveyancing in Hitchin. I’m looking to sell a newly refurbished house for £225,000. Is this overpriced? Is it in excess of the norm for conveyancing in Hitchin?
The charges are a little high. If you shop around you might get the conveyancing a bit cheaper by perhaps £100 plus VAT. That being said, you couldcome to regret opting for an an untested lawyer. If is important to be sure that the firm can act for your bank. You can use our search tool to get a quote a Hitchin conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Hitchin.
My partner and I are approaching an exchange on a property in Hitchin and my mum and dad have sent the exchange deposit to my lawyer. I am now advised that as the deposit has been sent from someone other than me my conveyancing practitioner needs to disclose this to my bank. Apparently, in also acting for the lender he must advise them that the balance of the purchase price is not just from me. I advised the bank concerning my parents' contribution when I applied for the mortgage, so is it really necessary for this now to hold matters up?
The property lawyer is legally required to clarify with lender to ensure that they are aware that the balance of the purchase price is not from your own funds. Your solicitor can only disclose this to your bank if you permit them to, failing which, your lawyer must cease to continue acting.
My uncle passed away last year and as sole heir and executor I was left the property in Hitchin. The house had a relatively small loan left on it of around £4500. I want to have the title changed into my name whilst I re-mortgage to Aldermore, pay off the mortgage. Is this allowed?
If you intend to refinance then Aldermore will require that you use a conveyancer on the Aldermore conveyancing panel. Here is link to the Land Registry online guidance around what to do when a property owner dies. This will help you to understand the registration process behind changing the details re the registered title. in your case it would appear that you are effectively purchasing the property from the estate. Your Aldermore conveyancing panel solicitor pays the new mortgage money into the estate, the estate pays off the old mortgage, the charge is released and you become the owner and the Aldermore mortgage is registered as a charge at the Land Registry.
About to purchase a new build apartment in Hitchin. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build enquiries that you can expect your new-build leasehold conveyancing in Hitchin
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The Vendor must covenant to keep unoccupied units in good repair until long leases are granted therefore. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? Please confirm the Lease plans are architect prepared. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease.
We're first time buyers - had an offer accepted, yet the agent informed us that the seller will only issue a contract if we appoint the agent's preferred solicitors as they need a ‘quick sale’. Our preferred option is to instruct a high street solicitor accustomed to conveyancing in Hitchin
We suspect that the owner is unaware of this request. Should the seller desire ‘a quick sale', turning down a genuine purchaser is going to damage their objectives. Bypass the agents and go straight to the owners and make the point that (a)you are keen to buy (b)you are ready to progress, with mortgage lined up © you are unencumbered (d) you wish to move quickly (e)but you intend to use your preferred Hitchin conveyancing lawyers - not the ones that will give the negotiator at the agency a commission or meet his conveyancing targets demanded by HQ.
Is there a difference between surveying and conveyancing in Hitchin?
Conveyancing - in Hitchin or elsewhere - is the legal term given to transferring legal title of property from one person to another. It therefore includes the investigation of the title. Whether buying or selling, you should be aware of anything affecting the property such as proposals by government departments, illegal buildings, or outstanding rates. The conveyancer should conduct the appropriate searches and inquiries on the property. Surveying relates to the structure of a property itself. A surveyor will look at a house, flat and any outbuildings you’re buying and will help you find out about the condition of the building and, if there are problems, give you a powerful reason for negotiating the purchase price down or asking the vendor to fix the problems prior to you move in.