The lawyer who assisted with my former purchase has quoted £1150 for freehold conveyancing in Ravensthorpe. I am selling a modern property for £250,000. Are the quoted fees excessive? Is it in excess of the average fee for conveyancing in Ravensthorpe?
The charges are a little high. Where you are prepared to invest time scrutinising costs you could get the conveyancing a bit cheaper by as much as £100 plus VAT. On the other hand, you maycome to rue opting for an an unknown lawyer. Don't forget to check that the solicitor can act for your mortgage company. Do use our search tool to locate a Ravensthorpe conveyancing firm on the banks member panel which can often include conveyancing solicitors in Ravensthorpe.
Will our solicitor be making enquiries about flooding as part of the conveyancing in Ravensthorpe.
The risk of flooding is if increasing concern for lawyers specialising in conveyancing in Ravensthorpe. Plenty of people will purchase a property in Ravensthorpe, completely aware that at some time, it may suffer from flooding. However, leaving to one side the physical destruction, if a house is at risk of flooding, it may be difficult to get a mortgage, adequate insurance cover, or dispose of the property. Steps can be carried out as part of the conveyancing process to forewarn the buyer.
Solicitors are not qualified to offer advice on flood risk, but there are a number of checks that may be undertaken by the buyer or on a buyer’s behalf which can give them a better understanding of the risks in Ravensthorpe. The standard information sent to a buyer’s solicitor (where the solicitors are adopting what is known as the Conveyancing Protocol) incorporates a standard question of the vendor to determine whether the property has historically flooded. If flooding has previously occurred and is not revealed by the seller, then a buyer could issue a compensation claim resulting from an misleading reply. The buyer’s conveyancers should also carry out an enviro search. This should reveal whether there is a recorded flood risk. If so, additional investigations should be made.
My wife and I purchased a renovated Georgian property in Ravensthorpe. Conveyancing solicitor represented me and National Westminster Bank. I happened to do a free search for it on the Land Registry database and I saw a couple of entries: one for freehold, the second leasehold under the matching address. I thought I was buying a freehold how can I check?
You need to review 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 Ravensthorpe and other areas of the country and poses no real issues for owners other than when they mortgage they have to account for both freehold and leasehold interests when dealing with lenders. You can also question the position with your conveyancing practitioner who completed the work.
How does conveyancing in Ravensthorpe differ for new build properties?
Most buyers of new build property in Ravensthorpe come to us having been asked by the developer to exchange contracts and commit to the purchase even before the property is built. This is because developers in Ravensthorpe typically buy the site, 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 conveyancers 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 accustomed to new build conveyancing in Ravensthorpe or who has acted in the same development.
Should I choose a Ravensthorpe conveyancing solicitor who is local to the property I am hoping to buy? An old friend can conduct the legal work however his firm is located 200miles drive away.
The primary upside of using a high street Ravensthorpe conveyancing practice is that you can drop in to sign documents, present your identification documents and pester them if necessary. They will also have local knowledge which is a bonus. That being said it's more important to get someone that will pull out all the stops for you. If you know people who used your friend and on the whole were happy that must trump using an unfamiliar Ravensthorpe conveyancing lawyer just because they are local.
Due to sign contracts shortly on a leasehold property in Ravensthorpe. Conveyancing lawyers have said that they report fully on Monday. Are there areas in the report that I should be focusing on?
The report on title for your leasehold conveyancing in Ravensthorpe should include some of the following:
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Ground rent - how much and when is collected, and also know whether this will change in the future Does the lease prohibit wood flooring? Whether the landlord has obligations to ensure rights of quiet enjoyment over your property and do you know what it means in practice? It needs to be made clear to you whether the lease allows you to change or improve aspects of the property- you should know whether it applies to all alterations or limited to structural alteration, and whether consent is mandated necessary Changes to the flat
Leasehold Conveyancing in Ravensthorpe - Sample of Queries before buying
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Does the lease have more than 80 years unexpired? It would be sensible to enquire if there are any onerous prohibitions in the lease. By way of example plenty of leases prohibit pets being permitted in in a block in Ravensthorpe. If you like the apartmentin Ravensthorpe yet your cat is not allowed to make the move with you then you will be faced difficult compromise. What restrictions are there in the Ravensthorpe Lease?