Recently been in touch with my conveyancing solicitor in Newent who completed the legal work two years ago asking for a conveyancing costs illustration based on the same type of house sale & purchase (a leasehold property and a freehold premises) of similar values with a loan from The Mortgage Works. I am now being quoted twice the amount. Better the devil I know or should I seek out a cheaper online property lawyer?
The charges are a tad high. If you are content to spend time scrutinising quotes you might get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, assuming were pleased with the conveyancing the firm gave you couldlive to rue opting for an an untested conveyancer. Remember to be sure that the solicitor can act for The Mortgage Works. You can utilise our search tool to choose a Newent conveyancing firm on the The Mortgage Works approved list of lawyers, which can often include conveyancing solicitors in Newent.
Why is leasehold purchase conveyancing in Newent costs more?
Newent leasehold properties involve far more paperwork than a freehold purchase, and therefore takes more time to examine and advise upon.Conveyancing will involve the lease having to be checked which is usually a lengthy document, queries raised to ensure that the covenants and conditions have been observed. If it is a flat there will be a management company in existence and the accounts of this will need to be checked and enquiries raised to ensure it is operating efficiently and that all monies due have been paid by the Seller to the company and if not ensuring that money is paid up to date or the appropriate undertakings obtained.
I am planning to acquire a flat and require a conveyancing solicitor in Newent who is on the Santander conveyancing. Could you point me in the right direction as regards a solicitor?
Our service is limited to being a directory service for firms who wish to listed as being on the approved conveyancing panel for Santander in certain locations such as Newent. We dont recommend any particular firm.
I am purchasing my first flat in Newent with a mortgage from National Westminster Bank. The sellers would not reduce the price so I negotiated £7000 of extras instead. The property agent advised me not disclose to my solicitor about this deal as it may impact my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer 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.
In my capacity as executor for the will of my father I am disposing of a house in Newport but I am based in Newent. My solicitor (based 200 miles awayneeds me to sign a stat dec prior to the transaction finalising. Could you suggest a conveyancing solicitor in Newent to attest and place their company stamp on the document?
Technically speaking you are unlikely to need to have the documents witnessed by a conveyancing solicitor. Ordinarily or notary public or qualified solicitor will be fine regardless of whether they are based in Newent
I am on look out for some leasehold conveyancing in Newent. Before diving in I would like to find out the unexpired term of the lease.
Assuming the lease is recorded at the land registry - and most are in Newent - then the leasehold title will always include the basic details of the lease, namely the date; the term; and the original parties. From a conveyancing perspective such details then enable any prospective buyer and lender to confirm that any lease they are looking at is the one relevant to that title. For any other purpose, such as confirming how long the term was granted for and calculating what is left, then the register should be sufficient on it's own.
I invested in buying a 1 bedroom flat in Newent, conveyancing was carried out in 2002. How much will my lease extension cost? Comparable flats in Newent with a long lease are worth £165,000. The ground rent is £50 invoiced every year. The lease terminates on 21st October 2103
With 78 years unexpired we estimate the premium for your lease extension to span between £7,600 and £8,800 plus costs.
The figure that we have given is a general guide to costs for renewing a lease, but we cannot give you a more accurate figure without more detailed due diligence. Do not use the figures in tribunal or court proceedings. There may be additional issues that need to be considered and you obviously want to be as accurate as possible in your negotiations. You should not take any other action based on this information before seeking the advice of a professional.