I was recommended to a conveyancer who has sent a quote for £1700 for no move no fee conveyancing in Ripponden. I’m hoping to downsize from a purpose built property for £300,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Ripponden?
The estimate does seem a tad steep. If you shop around you may be able to reduce the fees marginally by as much as £125. On the other hand, you maycome to rue choosing an a cheaper lawyer. Don't forget to ensure that the solicitor can act for your mortgage company. You can make use of our comparison tool to locate a Ripponden conveyancing firm on the lender’s approved list of lawyers which can often include conveyancing solicitors in Ripponden.
I am the registered owner of a freehold property in Ripponden but nevertheless pay rent, why is this and what is this?
It is rare for properties in Ripponden and has limited impact for conveyancing in Ripponden but some freehold properties in England (particularly common in North West England) pay an annual sum known as a Chief Rent or a Rentcharge to a third party who has no other legal interest in the land.
Rentcharge payments are usually between £2.00 and £5.00 per year. Rentcharges date back many centuries, but the Rent Charge Act 1977 barred the creation of new rentcharges post 1977.
Old rentcharges can now be redeemed by making a lump sum payment under the Act. Any rentcharges that are still in existence post 2037 is to be extinguished.
I am selling my apartment in Ripponden. Will my conveyancing practitioner have to be on the Barclays conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Barclays conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their requirements fairly frequently at the moment.
Various online forums that I have visited warn that are the main reason for delay in Ripponden conveyancing transactions. Is there any truth in this?
The Council of Property Search Organisations (CoPSO) published conclusions of a review by MoveWithUs that conveyancing searches do not figure within the common causes of delays in the conveyancing process. Searches are unlikely to be the root cause of slowing down conveyancing in Ripponden.
Are there restrictive covenants that are commonly identified as part of conveyancing in Ripponden?
Restrictive covenants can be picked up when reviewing land registry title as part of the legal transfer of property in Ripponden. 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…’
Should I be suspicious by brokers that I am dealing with are recommending a web based conveyancing firm rather than a local Ripponden conveyancing company?
As with many professional services, often referrals from family and friends can be most helpful. Nevertheless there are many players in a conveyancing deal; estate agents, mortgage brokers and banks might all suggest conveyancers to retain. On occasion these conveyancers might be known to one of the organisations as being good in their field, but occasionally there behind the scenes commercial relationship behind the recommendation. You have the right to appoint your own lawyer. However, bear in mind that the majority of banks specify a panel list of solicitors you are obliged to use for the mortgage aspect of your conveyancing.