My family lawyer has quoted £1150 for freehold conveyancing in Immingham. I’m selling a purpose built property for £250,000. Is this too much? Is it above the norm for conveyancing in Immingham?
The estimate does seem marginally steep. Where you are prepared to invest time scrutinising quotes you may be able to shave off some of the cost by perhaps £125. On the other hand, you maycome to rue opting for an a cheaper solicitor. Don't forget to be sure the firm can also act for your lender. You can utilise our search tool to select a Immingham conveyancing firm on the lender’s member panel which can often include conveyancing solicitors in Immingham.
My wife and I are nearing an exchange on a property in Immingham and my parents have transferred the 10% deposit to my lawyer. I am now advised that as the deposit has not arrived from me my lawyer needs to disclose this to my bank. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is coming from anyone other than me. I disclosed to the mortgage company regarding my parents' contribution when I applied for the mortgage, so is it really appropriate for this now to delay the deal?
The solicitor is legally required to clarify with the bank to ensure that they are aware that the balance of the purchase price is not from your own resources. The solicitor can only notify this to your lender if you agree, failing which, your lawyer must cease to continue acting.
Me and my brother have a semi-detached Edwardian property in Immingham. Conveyancing practitioner acted for me and Godiva Mortgages Ltd. I happened to do a free search for it on the Land Registry database and there are a couple of entries: one for freehold, another for leasehold under the matching address. I'd like to know for sure, how can I find out??
You need to read the Freehold register you have again and check the Charges Register as there may be mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Immingham and other locations in the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also check the situation with the conveyancing lawyer who completed the work.
How does the Landlord & Tenant Act 1954 affect my commercial offices in Immingham and how can you help?
The particular law that you refer to provides a safeguard to commercial tenants, giving them the dueness to apply to court for a renewal tenancy and continue in occupation at the end of an expired lease. There are certain specified grounds that a landlord can refrain from granting a lease renewal and the rules are involved. We are happy to direct you to commercial conveyancing solicitors who use the act for protection and help with commercial conveyancing in Immingham
What advice can you give us when it comes to appointing a Immingham conveyancing firm to carry out our lease extension conveyancing?
If you are instructing a property lawyer for your lease extension (regardless if they are a Immingham conveyancing firm) it is most important that he or she should be familiar with the legislation and specialises in this area of conveyancing. We suggest that you make enquires with two or three firms including non Immingham conveyancing practices prior to instructing a firm. If the firm is ALEP accredited then that’s a bonus. The following questions might be useful:
-
What volume of lease extensions has the firm completed in Immingham in the last twenty four months? If they are not ALEP accredited then what is the reason?
I bought a studio flat in Immingham, conveyancing formalities finalised April 2002. Can you give me give me an indication of the likely cost of a lease extension? Equivalent flats in Immingham with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 levied per year. The lease finishes on 21st October 2094
With 70 years remaining on your lease we estimate the price of your lease extension to range between £9,500 and £11,000 plus plus your own and the landlord's "reasonable" professional fees.
The suggested premium range 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 due diligence. Do not use this information in tribunal or court proceedings. There may be additional concerns that need to be considered and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information before getting professional advice.
Whilst your website is a good idea there are many lawyers listed near Immingham being on the bank conveyancing panel. It would be a lot more helpful if you could recommend a specific firm on the conveyancing panel for our bank?
We are not in the business of recommending one firm above another as the right Immingham conveyancing firm for you depends on where your priorities lie. For example you may require a local firm with Immingham knowledge or you might be looking for the low cost conveyancing. We recommend that you speak to 3 or 4 lawyers listed before you make your choice..