My family solicitor has given a fee calculation of £1700 for leasehold conveyancing in Morden Park. I am looking to sell a Edwardian property for £175,000. Is this over the top? Is it above the norm for conveyancing in Morden Park?
The costs illustration is fractionally on the high side. Where you are willing to spend time contrasting costs you could shave off some of the cost by say £100 plus VAT. That being said, you couldcome to rue choosing an an untested solicitor. Don't forget to ensure the firm can represent your bank. Do make use of our search tool to locate a Morden Park conveyancing practice on the banks approved list of lawyers which can often include conveyancing solicitors in Morden Park.
What is the first thing I need to know concerning purchase conveyancing in Morden Park?
You may not hear this from too many lawyers but conveyancing in Morden Park or throughout England and Wales is often a confrontational process. Put another way, when it comes to conveyancing there exists an abundance of opportunity for confrontation between you and other parties involved in the legal transfer of property. E.g., the seller, property agent and on occasion your bank. Appointing a law firm for your conveyancing in Morden Park should not be taken lightly as your conveyancer is your adviser, and is the ONE party in the process whose role it is to protect your legal interests and to protect you.
There is a definite creep of a "blame" culture- someone has to be blamed for the process being so protracted. We recommend that you must always trust your solicitor ahead of all other parties in the conveyancing process.
I am purchasing a new build flat in Morden Park. Can I do my own conveyancing?
Leaving aside the complexities and merits of DIY conveyancing in Morden Park you will have to appoint a solicitor on your mortgage company's conveyancing panel to look after their interests. Most people therefore find it easier to let the solicitor act for them and the lender. Furthermore there is minimal cost savings to be made in you doing conveyancing for yourself and another lawyer conducting the conveyancing for the lender. Please feel free to use the search tool to find a lawyer on your lender panel in Morden Park.
I own a 4 bedroom Victorian house in Morden Park. Conveyancing lawyer represented me and Yorkshire Building Society. I happened to do a free search for it on the Land Registry database and there are two entries: the first freehold, another for leasehold with the matching property. If a house is not a freehold shouldn't I have been informed?
You need to read the Freehold register you have again and check the Charges Register for mention of a lease. The best way to be sure that you are also the registered owner of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Morden Park and other areas of the country and poses no real issues for owners other than when they remortgage they have to account for both freehold and leasehold interests when dealing with mortgage companies. You can also check the situation with the conveyancing practitioner who conducted the purchase.
Over the last few months I have been searching for a leasehold apartment up to £305k and found one near me in Morden Park I like with amenity areas and railway links nearby, however it's only got 61 years unexpired on the lease. There is not much else in Morden Park for this price, so just wondered if I would be making a mistake acquiring a lease with such few years left?
Should you require a mortgage the shortness of the lease may be an issue. Reduce the offer by the expected lease extension will cost if it has not already been discounted. If the current proprietor has owned the premises for a minimum of 2 years you may request that they commence the lease extension formalities and pass it to you. You can add 90 years to the existing lease term with a zero ground rent applied. You should consult your conveyancing solicitor concerning this.
Do I cancel my mortgage payments with Leeds Building Society as soon as a completion date for my home sale in Morden Park has been set?
You would be well advised to keep paying any mortgage payments to Leeds Building Society pending the mortgage being paid off out of the proceeds of sale as part of your Morden Park conveyancing.