My family lawyer has sent a quote for £995 for leasehold conveyancing in Market Bosworth. I’m selling a purpose built house for £150,000. Are these estimated fees excessive? Is it above what I should be paying for conveyancing in Market Bosworth?
The quote is slightly on the expensive side. If you shop around you could get the conveyancing a bit cheaper by as much as £125. That being said, you mightlive to regret choosing an an untested conveyancer. Remember to enquire the conveyancer can represent your mortgage company. You can use our search tool to choose a Market Bosworth conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Market Bosworth.
I have given 2 months notice to my existing landlord and must vacate my rented apartment in Market Bosworth by 1/7/2025. Conveyancing for my house purchase has just started. How realistic is it to complete in a couple of weeks as I wish to avoid having to move into temporary accommodation?
Generally one should not provide notice on a rental unless your lawyer suggests that you should. Assuming that you have not already done so, update to your lawyer and request that they chase the sellers lawyers, try to get a realistic time scale from them that everyone will look towards
How does conveyancing in Market Bosworth differ for newly converted properties?
Most buyers of new build or newly converted property in Market Bosworth come to us having been asked by the builder to sign contracts and commit to the purchase even before the house is built. This is because house builders in Market Bosworth tend to purchase the land, 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 conveyancing solicitors 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 Market Bosworth or who has acted in the same development.
My brother has suggested that I instruct his conveyancing solicitors in Market Bosworth. Do I take his guidance?
There are no two ways about it the ideal way to choose a conveyancing lawyer is to seek feedback from friends or relatives who have actually previously instructed the firm that you are are thinking of instructing.
I am a negotiator for a reputable estate agent office in Market Bosworth where we see a few flat sales jeopardised due to leases having less than 80 years remaining. I have received conflicting advice from local Market Bosworth conveyancing firms. Please can you clarify whether the seller of a flat can start the lease extension process for the buyer?
As long as the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to commence the lease extension process and assign the benefit of the notice to the purchaser. This means that the proposed purchaser can avoid having to sit tight for 2 years to extend their lease. Both sets of lawyers will agree to form of assignment. The assignment has to be done prior to, or simultaneously with completion of the disposal of the property.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Market Bosworth Conveyancing for Leasehold Flats - A selection of Questions you should ask Prior to Purchasing
-
Generally speaking the cost for major works tend not to be included within maintenance charges, albeit that there some managing agents in Market Bosworth obliged leaseholders to contribute towards a reserve fund and this is used to offset against larger works. What is the name of the managing agents? The answer will be important as a) areas can result in problems for the block as the communal areas may start to deteriorate where repairs remain unpaid b) if the tenants have an issue with the managing agents you will need to know about it
The lawyers undertaking our conveyancing in Market Bosworth has sent documents to review that state the property is unregistered with epitome documents. How can it be that the property not yet recorded at HMLR?
Almost 100% of property in Market Bosworth is registered. An 'epitome' is basically a dossier of photocopies of documents affecting an unregistered title. Many Market Bosworth conveyancing practitioners should be capable of dealing with such matters but if any uncertainty prevails the standard recommendation presently appears to be for the vendor’s solicitor to undertake the registration formalities first and then deal with the sale conveyance - this will predictably cause a significant delay.