I was referred a solicitor who has sent a quote for just over a thousand pound for freehold conveyancing in Mulbarton. I’m looking to sell a Edwardian house for £200,000. This seems over the top. Is it in excess of what I should be paying for conveyancing in Mulbarton?
The charges are a little high. If you shop around you may be able to get the conveyancing a bit cheaper by perhaps £125. On the other hand, you mightlive to regret choosing an an untested lawyer. Remember to be sure that the firm can act for your lender. Do use our comparison tool to select a Mulbarton conveyancing practice on the lender’s conveyancing panel which can often include conveyancing solicitors in Mulbarton.
It is is a decade since I bought my house in Mulbarton. Conveyancing lawyers have just been instructed on the sale but I can't track down my title documents. Is this a problem?
Don’t worry too much. Firstly there is a possibility that the deeds will be retained by the lender or they could be in the possession of the lawyers who oversaw your purchase. Secondly the likelihood is that the property will be recorded at the land registry and you will be able to establish that you own the property by your conveyancing solicitors obtaining current official copies of the land registers. Nearly all conveyancing in Mulbarton involves registered property but in the unlikely event that your home is unregistered it is more tricky but is not insurmountable.
Two weeks ago we had a mortgage agreed in principle with Clydesdale. Mulbarton conveyancing lawyers were appointed. How long does it take for Clydesdale to send the offer to the lawyer?
There is no definitive answer here. Have Clydesdale conducted the survey? Have you informed Clydesdale as to your lawyers' details and checked that your lawyers are on the Clydesdale conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
Yorkshire BS have agreed my mortgage in principle, my offer on a property in Mulbarton has been agreed to, what are the next steps?
Your property agent will wish to know who your solicitors are (make sure the conveyancing practitioners are on the bank’s panel). Contact Yorkshire BS or your financial adviser and complete any relevant paperwork. Yorkshire BS will sellect a valuer who will get in touch with the selling agent or owners to arrange a time for the valuation to occur. Once conducted (assuming no problems) it takes approximately ten days for the mortgage offer to be issued. Yorkshire BS will issue the offer to you and your property lawyers. The transaction will then take it’s course according the nature and complexity of the conveyancing in Mulbarton.
At last I have had an offer on a flat in Mulbarton agreed to, the vendors do however have a dependent purchase. The owners have offered on on an apartment, but it’s not yet tied up, and are looking at other properties booked. I have instructed a bricks and mortar conveyancing solicitor in Mulbarton. What do I do now? At what stage should I apply for the mortgage with RBS?
It is normal to have apprehensions where there is a chain as you are unlikely to want to incur costs too early (mortgage application is in the region of £1k, then valuation, Mulbarton conveyancing search costs, etc). First, you must ensure that your conveyancing practitioner is on the RBS conveyancing panel. Concerning the next steps this very much dictated by the specifics of your transaction, motivation for this property and on the state of the market. In a hot market the majority of home buyers would apply for the mortgage with RBS and pay for the valuation and only if it was satisfactory would they request their solicitor to proceed with searches.
Are there restrictive covenants that are commonly identified during conveyancing in Mulbarton?
Restrictive covenants can be picked up when reviewing land registry title as part of the process of conveyancing in Mulbarton. An 1874 stipulation that was seen was ‘The houses to be erected on the estate are each to be of a uniform elevation in accordance with the drawings to be prepared or approved by the vendor’s surveyor…’
My brother has recommend that I use his conveyancing solicitors in Mulbarton. Do I take his advice?
Much as we are happy to recommend a Mulbarton conveyancing lawyer it’s preferable to select a conveyancing practitioner is to seek referrals from friends or relatives who have used the solicitor that you are considering.
I work for a busy estate agent office in Mulbarton where we have experienced a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have been given contradictory information from local Mulbarton conveyancing solicitors. Could you confirm whether the vendor of a flat can start the lease extension formalities for the buyer?
Provided that the seller has been the owner for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer need not have 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 before, or at the same time as completion of the sale.
Alternatively, it may be possible to agree the lease extension with the freeholder 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.
I own a basement flat in Mulbarton, conveyancing formalities finalised July 2006. Can you shed any light on how much the price could be for a 90 year extension to my lease? Similar properties in Mulbarton with an extended lease are worth £190,000. The ground rent is £45 yearly. The lease finishes on 21st October 2087
You have 62 years remaining on your lease we estimate the price of your lease extension to range between £17,100 and £19,800 as well as costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we are not able to provide the actual costs in the absence of comprehensive due diligence. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be considered and you obviously should be as accurate as possible in your negotiations. Please do not move forward placing reliance on this information before seeking the advice of a professional.