My family solicitor has quoted £1200 for no move no fee conveyancing in Sefton. I’m looking to sell a modern property for £175,000. Is this overpriced? Is it in excess of what I should be paying for conveyancing in Sefton?
The estimate does seem a tad overpriced. If you shop around you could trim some of the cost by perhaps £125. That being said, you couldcome to rue choosing an an untested solicitor. If is important to be sure the firm can also act for your bank. You can use our comparison tool to choose a Sefton conveyancing practice on the banks member panel which can often include conveyancing solicitors in Sefton.
We were just about to sign contracts for a leasehold flat in Sefton. We have hit a snag. The mortgage offer with Clydesdale expires on 28/8/2025 but the sellers are suggesting a completion date of 1/9/2025. Is it possible to extend the loan offer?
The person best placed to address this question is your conveyancer who is in a position to determine whether they corresponding with the mortgage broker, owner’s representatives, estate agents or conceivably all parties taking into account what has gone on in your conveyancing to date.
My wife and I are buying a house in Sefton. I might seem paranoid but how we can trust a solicitor? On completion day we will need to put funds into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to mortgage companies such as Clydesdale, do Sefton conveyancing practitioners have to pay a fee to be on the conveyancing panel?
We are not aware of any mortgage company fees to register on their panel, although some do levy an administration charge to deal with the processing of the conveyancing panel application.
My partner and I are in the process of looking at houses in Sefton and I am now considering a potential offer. Should I already have a lawyer in place at this point? I intend to finance via a mortgage with Kent Reliance.
You should start obtaining conveyancing estimates from solicitors ASAP. Once you decide who you want to use and once your offer is accepted you can instruct them to work for you and forward their contact information on to the EA. As you are getting a mortgage with Kent Reliance, make sure you remember to check that your lawyer is on the Kent Reliance conveyancing panel.
I'm purchasing a new build house in Sefton with a loan from Britannia. The builders refused to reduce the price so I negotiated £7000 of additionals instead. The property agent told me not to tell my conveyancer about the side-deal as it may impact my mortgage with the lender. Do I keep my lawyer in the dark?.
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.
I am looking at a two flats in Sefton both have approximately fifty years remaining on the lease term. Will this present a problem?
A lease is a right to use the premises for a prescribed time frame. As the lease shortens the marketability of the lease deteriorates and results in it becoming more costly to extend the lease. This is why it is often a good idea to extend the lease term. More often than not it is difficult to sell a property with a short lease because mortgage companies less inclined to grant a loan on properties of this type. Lease extension can be a difficult process. We recommend you seek professional help from a conveyancer and surveyor with experience in this arena.
I invested in buying a 2 bed flat in Sefton, conveyancing formalities finalised half a dozen years ago. Can you shed any light on how much the price could be for a 90 year extension to my lease? Equivalent properties in Sefton with an extended lease are worth £216,000. The average or mid-range amount of ground rent is £50 charged once a year. The lease comes to an end on 21st October 2094
With just 69 years remaining on your lease the likely cost is going to be between £9,500 and £11,000 plus legals.
The figure above a general guide to costs for extending a lease, but we cannot give you a more accurate figure without more comprehensive due diligence. Do not use this information in a Notice of Claim or as an informal offer. There are no doubt additional issues that need to be considered and clearly you want to 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.
How much experience do your Sefton conveyancing solicitors have with Help To Buy, Shared Equity and similar schemes?
Sefton conveyancing lawyers help thousands of people move home every year and assisted lots of clients through the Help To Buy scheme. The chances are that whatever makes your case unique Sefton conveyancers have worked on recent similar cases.