Our family solicitor has given a fee estimate £1150 for leasehold conveyancing in Knottingley. I’m hoping to downsize from a Victorian detached home for £150,000. This sounds over the top. Is it above what I should be paying for conveyancing in Knottingley?
The charges are a tad high. If you are willing to invest time comparing charges you could trim some of the expense by say £125. That being said, you couldlive to rue opting for an an untested lawyer. Remember to enquire that the firm can act for your lender. Do utilise our search tool to choose a Knottingley conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Knottingley.
It has been 2 months since my purchase conveyancing in Knottingley concluded. I have checked the Land Registry site which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the residence from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
How does conveyancing in Knottingley differ for new build properties?
Most buyers of new build or newly converted property in Knottingley contact us having been asked by the developer to exchange contracts and commit to the purchase even before the house is built. This is because builders in Knottingley usually acquire the real estate, plan the estate and want to get the plots sold off as they are building the properties. Buyers, therefore, will have to exchange contracts without actually seeing the house they are buying. To reduce the chances of losing the property, buyers should instruct property lawyers as soon as the property is reserved and mortgage applications should be submitted quickly. Due to the fact that it could be several months and even years between exchange of contracts and completion, the mortgage offer may need to be extended. It would be wise to use a lawyer who specialises in new build conveyancing especially if they are used to new build conveyancing in Knottingley or who has acted in the same development.
I have been recommended by a number of selling agents in Knottingley to locate a solicitor using your seach tool. What’s the financial advantage for Estate Agents to recommend your lawyers ahead of a competitor’s?
We refuse to offer any financial incentive for pointing buyers and sellers in our direction. We found it would be just too difficult to pay a commission as a client could think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ We would prefer to grow our business on genuine recommendations.
I am in need of some leasehold conveyancing in Knottingley. Before I set the wheels in motion I require certainty as to the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and 99.9% are in Knottingley - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I acquired a 2 bed flat in Knottingley, conveyancing was carried out March 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar flats in Knottingley with a long lease are worth £180,000. The ground rent is £65 charged once a year. The lease finishes on 21st October 2084
With only 59 years left to run we estimate the premium for your lease extension to span between £20,900 and £24,200 as well as plus your own and the landlord's "reasonable" professional fees.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you the actual costs in the absence of comprehensive due diligence. Do not use this information in tribunal or court proceedings. There are no doubt additional concerns that need to be considered and you obviously want to be as accurate as possible in your negotiations. Neither should you move forward placing reliance on this information without first seeking the advice of a professional.
I'm selling a property in Knottingley. I have found my conveyancer's company on the CLC list, but I can't locate my conveyancer's name on the list. Should I be concerned?
Not every individual in the company must be listed by the regulator. As long there is someone qualified to 'oversee' the transaction, the actual day-to-day activity can be undertaken by unqualified staff.