My previous lawyer has given a fee estimate £1350 for fixed fee conveyancing in Runcorn. I am looking to sell a modern detached home for £275,000. Is this over the top? Is it in excess of the norm for conveyancing in Runcorn?
The quote is fractionally on the expensive side. If you shop around you may be able to get the conveyancing a bit cheaper by say £100 plus VAT. On the other hand, you maycome to rue choosing an a cheaper lawyer. If is important to be sure the solicitor can also act for your mortgage company. You can utilise our search tool to get a quote a Runcorn conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Runcorn.
Do the Building Society Association intend to launch a searchable register to to identify firms on the Norwich and Peterborough Building Society conveyancing panel for instance in Runcorn?
Lexsure has not been advised of any intention on the part of the BSA to develop such a search facility.
I purchased a renovated Georgian property in Runcorn. Conveyancing solicitor represented me and Britannia. I did a free Land Registry search last week and I saw a couple of entries: one for freehold, the second leasehold under the exact same 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 as there may be mention of a lease. The best way to be sure that you are also the registered proprietor of the leasehold and freehold title as well is to check (£3). It is not completely unheard of in Runcorn and other locations in 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 purchasers. You can also question the situation with your conveyancing solicitor who carried out the work.
I have been on the look out for a flat up to £245,000 and identified one close by in Runcorn I like with open areas and railway links nearby, however it's only got 61 remaining years left on the lease. I can't really find anything else in Runcorn in this price bracket, so just wondered if I would be making a grave error buying a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will be an issue. Discount the price by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for a minimum of twenty four months you may request that they start the process of the extension and pass it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should consult your conveyancing solicitor concerning this.
My husband and I are 18 days into a freehold purchase having been referred to a firm by the high street agent to carry out the conveyancing in Runcorn. I am am extremely frustrated with the level of service. Can you you assist me in finding new conveyancers?
They would have to be very bad in order to consider diss instructing them. Has the mortgage been sent? In the event that it has you will need to make them aware of the replacement lawyer and get the mortgage documents are issued to the new lawyers. The solicitor ideally should be on the mortgage company panel to avoid escalating fees and frustration. That should be your starting point. The search tool should help you find a lender approved solicitor for your conveyancing in Runcorn
I’m about to sell my 2 bed apartment in Runcorn. Conveyancing solicitors are to be appointed soon, however I have recently had a half-yearly service charge demand – Do I pay up?
The sensible thing to do is discharge the invoice as normal because all rents and maintenance payments should be apportioned as part of the financial calculations for completion monies, so you will be reimbursed by the buyer for the period running from after the completion date to the subsequent invoice date. Most management companies will not acknowledge the buyer unless the service charges have been paid and are up to date, so it is important for both buyer and seller for the seller to show that they are up to date. Having a clear account will assist your cause and will leave you no worse off financially.
I bought a studio flat in Runcorn, conveyancing having been completed 8 years ago. Can you please calculate a probable premium for a statutory lease extension? Corresponding flats in Runcorn with a long lease are worth £195,000. The average or mid-range amount of ground rent is £45 yearly. The lease comes to an end on 21st October 2088
You have 63 years unexpired we estimate the premium for your lease extension to range between £16,200 and £18,600 plus professional fees.
The suggested premium range that we have given is a general guide to costs for renewing a lease, but we are not able to advice on the actual costs in the absence of detailed 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 clearly you should be as accurate as possible in your negotiations. You should not move forward placing reliance on this information before seeking the advice of a professional.