The conveyancer who helped my former purchase has sent a quote for £1200 for fixed fee conveyancing in Markyate. I’m looking to sell a purpose built house for £250,000. Is this expensive? Is it above what I should be paying for conveyancing in Markyate?
The charges are a bit high. If you shop around you could decrease the fees marginally by perhaps a hundred pounds. On the other hand, you mightcome to rue opting for an an unknown conveyancer. Remember to enquire the conveyancer can act for your mortgage company. Do utilise our comparison tool to find a Markyate conveyancing firm on the banks conveyancing panel which can often include conveyancing solicitors in Markyate.
We are looking to buy a house and require a conveyancing solicitor in Markyate who is on the RBS approved panel. Could you point me in the right direction as regards a conveyancing firm?
Our service is limited to being a directory service for firms who wish to be listed as being on the approved conveyancing panel for RBS . We don't recommend any particular firms conducting conveyancing in Markyate.
I note that there are debates on Chancel Insurance on online forums. Am I compelled to have this when purchasing a residence in Markyate? or I am told that there is a law dating back centuries that could mean that house owners living in a parish church boundary will be compelled to contribute towards repairs to the chancel within the church. Is this a legitimate concern for conveyancing in Markyate?
Unless a prior purchase of the property completed post 12 October 2013 you could expect solicitors carrying out conveyancing in Markyate to remain encouraging a chancel search and or chancel repair liability insurance.
2 months have elapsed since my purchase conveyancing in Markyate took place. I have checked the Land Registry website 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 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 Markyate differ for new build properties?
Most buyers of new build residence in Markyate contact us having been asked by the housebuilder to sign contracts and commit to the purchase even before the residence is completed. This is because developers in Markyate 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 Markyate or who has acted in the same development.
I am looking for a flat up to £235,500 and identified one round the corner in Markyate I like with amenity areas and transport links nearby, the downside is that it only has 51 years on the lease. There is not much else in Markyate for this price, so just wondered if I would be making a grave error acquiring a lease with such few years left?
If you need a mortgage that many years may be problematic. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the current owner has owned the property for a minimum of 2 years you may request that they commence the lease extension formalities and then assign it to you. An additional ninety years can be extended on to the existing lease term with a zero ground rent applied. You should speak to your conveyancing solicitor about this matter.