The conveyancer who assisted with my previous purchase has sent a quote for £1400 for fixed fee conveyancing in Llanrumney. I’m looking to sell a purpose built house for £225,000. Is this overpriced? Is it in excess of the norm for conveyancing in Llanrumney?
The quote is fractionally on the high side. If you are content to invest time scrutinising quotes you could get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you mightlive to regret opting for an an untested conveyancer. Remember to ensure the solicitor can also act for your bank. You can make use of our search tool to find a Llanrumney conveyancing company on the banks approved list of lawyers which can often include conveyancing solicitors in Llanrumney.
We're in Llanrumney, FTBs purchasing with a mortgage (lender is Nationwide , and our solicitor is on the Nationwide conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Nationwide conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no lawyer should guarantee a timeframe for your conveyancing, due to third parties outside of your control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain.
What will a local search tell me regarding the house my wife and I purchasing in Llanrumney?
Llanrumney conveyancing often commences with the applying for local authority searches directly from your local Authority or via a personal search organisations such as PSG The local search is essential in every Llanrumney conveyancing purchase; that is if you wish to avoid any nasty once you have moved into your new home. The search will supply information on, amongst other things, details on planning applications applicable to the premises (whether granted or refused), building control history, any enforcement action, restrictions on permitted development, nearby road schemes, contaminated land and radon gas; in all a total of 13 subject sections.
4 months have elapsed following my purchase conveyancing in Llanrumney concluded. I have checked the Land Registry site which shows that I paid £150,000 when infact I paid £160,000. 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 premises 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.
I have been sourcing a conveyancing lawyer in Llanrumney for my home move. Can I check a solicitor's record with the legal regulator?
You can review presented Solicitor Regulator Association (SRA) determinations arising from inquisitions from 2008 onwards. Go to Check a solicitor's record. To find records Pre 2008, or to check a solicitors history, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. For non-uk callers, call +44 (0)121 329 6800. The regulator may recorded call for training requirements.
I have just appointed agents to market my garden flat in Llanrumney. Conveyancing has not commenced, however I have recently received a quarterly service charge invoice – what should I do?
It best that you discharge the service charge as usual given that all ground rent and maintenance invoices will be apportioned as part of the financial calculations for completion monies, so you should recover the relevant percentage by the buyer for the period running from after the completion date to the next payment date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. This will smooth the conveyancing process.
I inherited a studio flat in Llanrumney, conveyancing having been completed half a dozen years ago. Can you give me give me an indication of the likely cost of a lease extension? Corresponding flats in Llanrumney with an extended lease are worth £265,000. The average or mid-range amount of ground rent is £50 invoiced every year. The lease finishes on 21st October 2101
With only 76 years remaining on your lease we estimate the price of your lease extension to range between £8,600 and £9,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you a more accurate figure in the absence of detailed due diligence. Do not use this information in a Notice of Claim or as an informal offer. There may be other concerns that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward based on this information before seeking the advice of a professional.