The solicitor who dealt with my former purchase has given a fee calculation of £1150 for freehold conveyancing in Long Stratton. I’m selling a newly refurbished house for £300,000. This sounds overpriced. Is it in excess of the norm for conveyancing in Long Stratton?
The costs illustration is fractionally on the expensive side. Where you are content to expend time scrutinising charges you could decrease the fees marginally by perhaps a hundred pounds. On the other hand, you mightlive to rue opting for an an unknown conveyancer. Remember to check the solicitor can represent your lender. You can use our comparison tool to select a Long Stratton conveyancing firm on the banks approved list of lawyers which can often include conveyancing solicitors in Long Stratton.
I am the registered owner of a freehold premises in Long Stratton yet charged rent, why is this and what is this?
It’s unusual for properties in Long Stratton and has limited impact for conveyancing in Long Stratton but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges have existed for many centuries, but the Rent Charge Act 1977 barred the generation of fresh rentcharges post 1977.
Previous rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence after 2037 is to be extinguished.
My aunt informed me that in purchasing a property in Long Stratton there may be a number of restrictions limiting what one can do in terms of external changes to a property. Is this right?
There are anumerous of properties in Long Stratton which have some sort of restriction or requirement of consent to carry out external variations. Part of the conveyancing in Long Stratton should determine what restrictions are applicable and advising you as part of a ROT that should be sent to you.
I am buying a victorian detached house in Long Stratton. Our aim is to carry out a loft conversion at the property.Will the conveyancing process involve investigations to determine if these alterations were previously refused?
Your solicitor should review the registered title as conveyancing in Long Stratton can occasionally reveal restrictions in the title documents which restrict certain works or necessitated the permission of a 3rd party. Many works require local authority planning permissions and approval in accordance building regulations. Many locations are designated conservation areas and special planning restrictions apply which often prevent or affect extensions. You should check these things with a surveyor before you commit yourself to a purchase.
We had appointed conveyancers with offices in Long Stratton on the RBS solicitor panel. They have just invoiced me an additional sum for dealing with the RBS mortgage. Is this an additional conveyancing fee set by RBS?
Unfortunately, as long as it is in their Terms and Conditions or Quote then yes your lawyer is entitled to levy a fee for this. This charge is not dictated by RBS but by your Long Stratton property lawyer. Numerous firms on the RBS panel will levy an ‘acting for lender’ fee and others do not.
I need some expedited conveyancing in Long Stratton as I have pressure to sign on the dotted line inside one month. A home loan is not required. Can I avoid the conveyancing searches to save fees and time?
As you are not taking a mortgage you are at liberty not to do searches although no lawyer would recommend that you don't. Drawing on years of experience of conveyancing in Long Stratton the following are instances of what can be revealed and adversely impact the marketability of the property: Refused Planning Applications, Overdue Charges, Outstanding Grants, Road Schemes,...
I am purchasing a new build house in Long Stratton with a loan from Norwich and Peterborough Building Society. The developers would not move on the amount so I negotiated 6k of fixtures and fittings instead. The house builders rep told me not to tell my solicitor about this extras as it will jeopardize my loan with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the builder of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am an executor of my recently deceased aunt’s Will, with a property in Long Stratton which is to be sold. The house has never been registered at HMLR and I'm advised that some EAs will insist that it is in place before they'll proceed. What's the procedure for this?
In the circumstances you refer to it seems sensible to seek to register in the names of the personal representative(s) as named in the probate and in their capacity as PRs. The Land Registry’s online guidance explains how to register for the first time and what is required re the deeds and forms. You would need to include and certified copy of the probate as well and complete the form FR1 to refer to the PRs as the applicant.