Our family solicitor has sent a quote for £1400 for freehold conveyancing in Slough. I’m looking to sell a purpose built property for £125,000. Are these conveyancing fees excessive? Is it in excess of what I should be paying for conveyancing in Slough?
The estimate does seem a tad overpriced. If you shop around you might trim some of the expense by say £125. That being said, you couldcome to regret choosing an an unknown solicitor. Don't forget to be sure that the solicitor can act for your mortgage company. Do employ our search tool to choose a Slough conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Slough.
I am need of leasehold conveyancing for a flat in a fairly new development (6 years built) in Slough. Almost all the properties are already sold. Is it strictly necessary to order conveyancing searches as part of conveyancing in Slough?
Where you are obtaining a mortgage, your bank will insist on some (many) of the searches so you'll have no choice. If not, then Slough conveyancing searches are for you to decide upon. No doubt your conveyancer, will 'advise', perhaps in the strongest possible terms, that you should have the searches done, but he or she is duty bound in this regard. One thing to bear in mind; if you are likely to sell the house one day, it may be of interest to your future buyer what the searches contain. Sometimes houses with no practical issues can still throw up adverse search results. But if you choose to instruct your lawyer to proceed without searches then your lawyer will have to follow your instructions or you will need to swap to an alternative solicitor for your conveyancing in Slough.
We note that you have a search directory identifying solicitors on the Nationwide conveyancing panel. Do companies pay you a commission if I appoint them for our own conveyancing in Slough?
We are a listing service only for law firms wishing to communicate if they are on the Nationwide conveyancing panel or other lender panels. We do not charge referral fees to any conveyancer that you subsequently appoint for your conveyancing in Slough.
Our mortgage company has suggested solicitors on their panel based in Slough but I would rather use a conveyancing lawyer in Slough or nearer to where I live. Are you able to assist?
Far from all Slough conveyancing practitioners are listed all lender’s conveyancing panel. Do make the most of our find an approved solicitor tool to identify a Slough conveyancing firm on the on the bank panel.
We're first time buyers - had an offer accepted, yet the selling agent informed us that the owners will only issue a contract if we appoint their chosen lawyers as they need an ‘expedited deal’. We would rather use a local solicitor with experience of conveyancing in Slough
We suspect that the seller is not behind this demand. Should the owner require ‘a quick sale', alienating a motivated purchaser is not the way to achieve this. Speak to the vendors direct and make sure they understand (a)you are keen to buy (b)you are ready to go, with finances arranged © you do not need to sell (d) you wish to move quickly (e)but you will continue to appoint your preferred Slough conveyancing lawyers - rather thanthe ones that will provide the negotiator at the agency a commission or achieve conveyancing targets set by senior management.
Are there common deficiencies that you encounter in leases for Slough properties?
There is nothing unique about leasehold conveyancing in Slough. All leases are unique and drafting errors can sometimes mean that certain sections are erroneous. For example, if your lease is missing any of the following, it could be defective:
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A duty to insure the building Service charge per centages that don't add up correctly leaving a shortfall
A defective lease will likely cause issues when trying to sell a property primarily because it impacts on the ability to obtain a mortgage on the property. Yorkshire Building Society, Norwich and Peterborough Building Society, and Britannia all have express requirements when it comes to what is expected in a lease. Where a lender has been advised by their lawyers that the lease is defective they may refuse to provide security, obliging the buyer to withdraw.
I own a 1 bedroom flat in Slough, conveyancing was carried out 3 years ago. Can you let me have an estimate of the premium that my landlord can legally expect in return for granting a renewal of my lease? Corresponding properties in Slough with an extended lease are worth £191,000. The ground rent is £55 levied per year. The lease ends on 21st October 2079
You have 54 years remaining on your lease the likely cost is going to be between £32,300 and £37,400 plus professional fees.
The suggested premium range that we have given is 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 the figures in tribunal or court proceedings. There are no doubt additional concerns that need to be taken into account and you obviously should be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.