My previous conveyancer has sent a quote for £1350 for no sale no fee conveyancing in Suffolk. I’m looking to sell a Edwardian property for £200,000. Is this too much? Is it in excess of what I should be paying for conveyancing in Suffolk?
The quote is slightly on the steep side. Where you are prepared to expend time scrutinising prices you could get the conveyancing a bit cheaper by say a hundred pounds. That being said, you maylive to rue choosing an a cheaper solicitor. Remember to check that the conveyancer can act for your mortgage company. You can utilise our search tool to find a Suffolk conveyancing firm on the banks member panel which can often include conveyancing solicitors in Suffolk.
I am intent on selling our property in Suffolk and according to the buyers it appears that there is a risk of it being constructed on contaminated land. Any high street Suffolk conveyancer would know that there is no such problem. It does beg the question why the purchasers used an internet conveyancing firm as opposed to a conveyancing solicitor in Suffolk. Having lived in Suffolk for three years we know of no issue. Is it a good idea to contact our local Authority to seek clarification that there is no issue.
It sounds as though you may have a conveyancing solicitor already. What do they say? You must check with your lawyer before you do anything. It is very possible that once the local authority has been informed of a potential issue it cannot be insured against (a bit like being diagnosed with a serious illness and then taking out health insurance to cover that same sickness)
Over the last few months I have been searching for a flat up to £195,000 and found one close by in Suffolk I like with open areas and railway links in the vicinity, the downside is that it only has 49 remaining years left on the lease. There is not much else in Suffolk suitable, so just wondered if I would be making a grave error purchasing a lease with such few years left?
If you need a mortgage the remaining unexpired lease term will likely be an issue. Discount the offer by the amount the lease extension will cost if it has not already been discounted. If the existing proprietor has owned the premises for a minimum of twenty four months you may ask them to commence the lease extension formalities and then assign it to you. You can add 90 years to the current lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this matter.
Do I need to be concerned that 3rd parties that I am dealing with are encouraging me to use a national conveyancing firm as opposed to a local Suffolk conveyancing firm?
As with lots of service providers, often referrals from connections can be most helpful. But there are many parties with a vested interest in a conveyancing transaction; estate agents, financial adviser and lenders might all put forward conveyancers to use. On occasion the solicitors might be known to one of the organisations as being good in their field, but occasionally there might be a commercial relationship behind the endorsement. You are free to select your preferred lawyer. Don't forget that some mortgage providers operate an approved list of lawyers you must use for the mortgage related work in your transaction.
My uncle has suggested that I use his conveyancing solicitors in Suffolk. Should I choose my own conveyancer?
There are no two ways about it the ideal way to select a conveyancing practitioner is to have referrals from friends or relatives who have used the conveyancer that you are contemplating using.
We expect to complete our sale of a £125,000 flat in Suffolk on Wednesday in a week. The landlords agents has quoted £408 for Landlord’s certificate, insurance certificate and previous years statements of service charge. Is the landlord entitled to charge such fees for a flat conveyance in Suffolk?
Suffolk conveyancing on leasehold apartments more often than not requires the buyer’s lawyer submitting enquiries for the landlord to address. Although the landlord is not legally bound to answer such questions most will be content to assist. They are at liberty to levy a reasonable charge for answering questions or supplying documentation. There is no upper cap for such fees. The average fee for the information that you are referring to is £350, in some transactions it exceeds £800. The administration charge demanded by the landlord must be accompanied by a summary of entitlements and obligations in respect of administration charges, otherwise the charge is technically not due. In reality you have no option but to pay whatever is demanded should you wish to exchange contracts with the buyer.
I bought a 2 bed flat in Suffolk, conveyancing having been completed in 2003. How much will my lease extension cost? Corresponding flats in Suffolk with over 90 years remaining are worth £255,000. The average or mid-range amount of ground rent is £45 yearly. The lease ends on 21st October 2099
With 73 years left to run we estimate the premium for your lease extension to range between £8,600 and £9,800 as well as professional fees.
The suggested premium range above a general guide to costs for renewing a lease, but we are not able to provide the actual costs in the absence of detailed investigations. You should not use this information in tribunal or court proceedings. There are no doubt other issues that need to be taken into account and you obviously want to be as accurate as possible in your negotiations. Neither should you take any other action placing reliance on this information before getting professional advice.