My family solicitor has quoted just over a thousand pound for freehold conveyancing in Staffordshire. I’m looking to sell a Edwardian house for £200,000. Is this overpriced? Is it above the average fee for conveyancing in Staffordshire?
The charges are a little high. If you shop around you could get the conveyancing a bit cheaper by as much as a hundred pounds. That being said, you couldcome to rue opting for an a cheaper solicitor. If is important to enquire that the firm can act for your lender. You can employ our search tool to locate a Staffordshire conveyancing company on the banks member panel which can often include conveyancing solicitors in Staffordshire.
We are purchasing a flat in Staffordshire. I might seem paranoid but how we can trust a lawyer? On completion day we have to put money 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.
We previously selected conveyancers with offices in Staffordshire on the Nationwide solicitor approved list. They have just billed me a separate amount for the legal aspects of the Nationwide mortgage. Is this a supplemental conveyancing fee specified by Nationwide?
Unfortunately, so long as it is in their Terms of Engagement or estimate then yes your property lawyer can charge a fee for this. The fee is not set by Nationwide but by your Staffordshire solicitor. Plenty of firms on the Nationwide panel will levy ’dealing with mortgage’ fee but some firms incorporate it on their overall fee.
Planning on purchasing a flat in Staffordshire. I have received an online quote from a licenced conveyancer, which states: "There will be no charge for dealing with the Building Society if you are obtaining a mortgage". I take this to mean that there will be no additional fee if the solicitor is on the Virgin Money conveyancing panel. I wanted to make sure it means there will be no additional fees for dealing with the mortgage.
They are simply saying that the cost for acting for the lender is included in the fee being quoted. It is worth you checking that the Staffordshire conveyancing practitioner is on the Virgin Money conveyancing panel.
Will my lawyer be raising questions about flooding as part of the conveyancing in Staffordshire.
Flooding is a growing risk for solicitors dealing with homes in Staffordshire. Plenty of people will buy a house in Staffordshire, fully expectant that at some time, it may suffer from flooding. However, leaving to one side the physical damage, if a house is at risk of flooding, it may be difficult to get a mortgage, suitable insurance cover, or sell the premises. There are steps that can be taken as part of the conveyancing process to forewarn the buyer.
Conveyancers are not qualified to offer advice on flood risk, however there are a various searches that may be carried out by the buyer or by their lawyers which should give them a better understanding of the risks in Staffordshire. The conventional set of completed inquiry forms given to a purchaser’s conveyancer (where the solicitors are adopting what is known as the Conveyancing Protocol) contains a usual inquiry of the owner to discover if the property has ever been flooded. In the event that the residence has been flooded in past and is not revealed by the vendor, then a buyer may bring a legal claim for losses as a result of such an incorrect response. A purchaser’s conveyancers will also conduct an environmental search. This should disclose if there is a recorded flood risk. If so, further investigations will need to be made.
I have recentlybeen informed that Stirling Law have closed. They carried out my conveyancing in Staffordshire for a purchase of a freehold house 9 months ago. How can I check that the property is registered correctly in the name of the previous owner?
The easiest method to see if the premises is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Staffordshire conveyancing specialists.
What makes your site different to alternative web based conveyancing brokers for conveyancing in Staffordshire?
At this site obtain a fixed fee quote from a Solicitor or Licensed Conveyancer that understands the nuances of your conveyancing in Staffordshire. Unlike many estate agents and brokerage sites we do not have kick-back deals with solicitors. Some agents and online brokers 'recommend' the firm who pay the highest commission, as opposed to the best value conveyancing in Staffordshire
I am tempted by the attractive purchase price for a couple of flats in Staffordshire both have about fifty years left on the leases. Should I regard a short lease as a deal breaker?
There are no two ways about it. A leasehold flat in Staffordshire is a deteriorating asset as a result of the shortening lease. The nearer the lease gets to its expiry date, the more it adversely affects the value of the premises. For most purchasers and mortgage companies, leases with less than eighty years become less and less attractive. On a more upbeat note, leaseholders can extend their leases by serving a Section 42 Notice. One stipulation is that they must have owned the premises for two years (unlike a Section 13 notice for purchasing the freehold, when leaseholders can participate from day one of ownership). When successful, they will have the right to an extension of 90 years to the current term and ground rent is effectively reduced to zero. Before moving forward with a purchase of a property with a short lease term remaining you should talk to a solicitor specialising in lease extensions and leasehold enfranchisement. We are are happy to put you in touch with Staffordshire conveyancing experts who will explain the options available to you during an initial telephone conversation free of charge. More often than not it is possible to negotiate informally with the freeholder to extend the lease. They may agree to a smaller lump sum and an increase in the ground rent, but to shorter extension terms in return. You need to ensure that any new terms represent good long-term value compared with the standard benefits of the Section 42 Notice and that onerous clauses are not inserted into any redrafting of the lease.
I bought a 1 bedroom flat in Staffordshire, conveyancing having been completed April 2010. Can you give me give me an indication of the likely cost of a lease extension? Corresponding properties in Staffordshire with an extended lease are worth £201,000. The ground rent is £45 levied per year. The lease finishes on 21st October 2090
With just 64 years left to run we estimate the price of your lease extension to range between £15,200 and £17,600 plus costs.
The suggested premium range that we have given is a general guide to costs for extending a lease, but we cannot give you the actual costs without more comprehensive due diligence. You should not use the figures in a Notice of Claim or as an informal offer. There are no doubt other concerns that need to be considered and clearly you want to be as accurate as possible in your negotiations. You should not move forward based on this information before seeking the advice of a professional.