My previous solicitor has sent a quote for £995 for no sale no fee conveyancing in Temple. I’m selling a newly refurbished property for £275,000. This sounds too much. Is it above the average fee for conveyancing in Temple?
The quote is fractionally on the high side. Where you are prepared to expend time scrutinising costs you may be able to decrease the fees slightly by perhaps £125. That being said, you mightcome to rue choosing an a cheaper solicitor. Remember to ensure the conveyancer can act for your bank. You can utilise our comparison tool to find a Temple conveyancing practice on the lender’s approved list of lawyers which can often include conveyancing solicitors in Temple.
The deeds to our house can not be found. The solicitors who did the conveyancing in Temple 10 years ago have long since closed. What do I do?
These day there are duplicates made of almost everything, and your solicitor will be aware precisely where to look for all the relevant documentation so you can buy or dispose of your property without any difficulty. If duplicates are not available, your solicitor may be able to arrange cover in the form of insurance or indemnities protecting you against future claims on the property.
I am buying a new build house in Temple with the aid of help to buy. The developers would not reduce the amount so I negotiated £7000 of fixtures and fittings instead. The house builders rep suggested that I not reveal to my solicitor about the extras as it will impact my loan with the lender. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the builder 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.
Due to the encouragement of my in-laws I had a survey completed on a property in Temple ahead of appointing conveyancers. I have been told that there is a flying freehold element to the property. Our surveyor advised that some mortgage companies will refuse to issue a loan on such a home.
It depends who your proposed lender is. Lloyds has different requirements for example to Nationwide. If you call us we can check with the appropriate bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Temple. Conveyancing will be smoother if you use a solicitor in Temple especially if they regularly deal with such properties in Temple.
My company is planning to lease a unit on a shopping parade. Can you recommend solicitors offering no-sale-no costs for non-domestic conveyancing in Temple for less than 2k?
We can recommend firms who host a wealth of experience of commercial conveyancing in Temple, including the disposal and purchase of businesses as well as simply property. If you are looking to purchase or dispose of a shop, pub, restaurant, office, retail premises or a complete business we will find you the right firm. Regarding the costs these will vary based on the structure and terms of the proposed transaction. Let us have your details or telephone so as to enable us to furnish you with a detailed commercial conveyancing calculation.
Last May I purchased a leasehold property in Temple. Do I have any liability for service charges for periods before my ownership?
Where the service charge has already been demanded from the previous lessee and they have not paid you would not usually be personally liable for the arrears. Strange as it may seem, your landlord may still be able to take action to forfeit the lease. It is an essential part of leasehold conveyancing for your conveyancer to ensure to have an up to date clear service charge receipt before completion of your purchase. If you have a mortgage this is likely to be a requirement of your lender.
If you purchase part way through an accounting year you may be liable for charges not yet demanded even if they relate to a period prior to your purchase. In such circumstances your conveyancer would normally arrange for the seller to set aside some money to cover their part of the period (usually called a service charge retention).
I own a a ground floor purpose built flat in Temple. In the absence of agreement between myself and the freeholder, can the Leasehold valuation Tribunal determine the amount payable for the purchase of the freehold?
Most definitely. We are happy to put you in touch with a Temple conveyancing firm who can help.
An example of a Lease Extension case for a Temple residence is Flat 89 Trinity Court Grays Inn Road in February 2013. the Tribunal found that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 to the Leasehold Reform, Housing and Urban Development Act 1993 should be £36,229. This case affected 1 flat. The unexpired residue of the current lease was 66.8 years.