I was recommended to a conveyancer who has sent a quote for £1150 for freehold conveyancing in Temple Fortune. I am hoping to sell a newly refurbished property for £250,000. Is this expensive? Is it in excess of what I should be paying for conveyancing in Temple Fortune?
The charges are a tad high. Where you are prepared to invest time contrasting costs you might get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, you couldlive to regret opting for an an untested solicitor. Don't forget to be sure the conveyancer can represent your bank. Do make use of our comparison tool to find a Temple Fortune conveyancing company on the lender’s approved list of lawyers which can often include conveyancing solicitors in Temple Fortune.
My lawyer has uncovered a defect with the lease for the property we are buying in Temple Fortune. The other side have offered defective title insurance as a solution. We are happy with insurance and will pay for it. Our conveyancing practitioner has advised that he must be satisfied that the lender is content with this solution. Are we the client or is the lender?
Regardless of the fact that you have a mortgage offer from the bank does not mean to say that the property will meet their provisions for the purposes of a mortgage. Your lawyer has to ensure that the lease has to comply with the UK Finance Lenders’ Handbook requirements. You and the lender are the client. The appropriate lender provisions must be adhered to.
I require expedited conveyancing in Temple Fortune as I have a deadline to complete inside 2 weeks. Fortunately I do not require a mortgage. Is it possible to escape the need for conveyancing searches to save money and time?
As you are are a cash purchaser you are at free not to have searches conducted although no solicitor would advise that you don't. Drawing on our experience of conveyancing in Temple Fortune the following are examples of issues that can appear and adversely affect future mortgageability: Refused Planning Applications, Overdue Fees, Overdue Grants, Railway Schemes,...
Just had an offer accepted on a new build flat in Temple Fortune. Conveyancing is daunting at the best of times but I have never purchased a new build flat before. Can you give me some examples of some of the questions asked in new build legal work.
Here is a sample of a few leasehold new build questions that you should expect your new-build leasehold conveyancing in Temple Fortune
-
The Landlord must covenant to assume the management if the Management Company goes into liquidation or otherwise defaults in running the management scheme. Where there is an Undertaking being granted there is the risk of forfeiture of the Headlease subject to relief if one or more of the Underlessees are willing to accept the original Head Lessee’s obligations as otherwise relief will be denied to the Underlessees. The only alternatives are the Head Lessor agreeing not to forfeit the Headlease or the Head Lessee guaranteeing to the Underlessees that it will not be in breach of the Headlease. Will the freehold then be transferred for a nominal consideration (not exceeding £100) to the Management Company? The Lease must contain a provision on behalf of the Vendor to pay the service charges in respect of unoccupied units in order to ensure that all services can be provided. Investor purchasers must be able to freely grant unsecured tenancies at market rents without requiring any consents.
Due to the advice of my in-laws I had a survey completed on a house in Temple Fortune in advance of instructing solicitors. I have been advised that there is a flying freehold aspect to the house. Our surveyor has said that some banks tend not grant a mortgage on such a property.
It varies from the lender to lender. Bank of Scotland has different requirements for example to Nationwide. If you call us we can check with the relevant bank. If you lender is happy to lend one our lawyers can assist as they are accustomed to dealing with flying freeholds in Temple Fortune. Conveyancing can be more complicated and therefore you should check with your conveyancing solicitor in Temple Fortune to see if the conveyancing will be more expensive.
If all goes to plan we aim to complete the sale of our £225,000 flat in Temple Fortune on Wednesday in a week. The landlords agents has quoted £420 for Certificate of Compliance, building insurance schedule and previous years service charge statements. Is it legal for a freeholder to charge an administration fee for a leasehold conveyance in Temple Fortune?
Temple Fortune conveyancing on leasehold flats nine out of ten times necessitates fees being invoiced by landlords agents :
-
Completing pre-exchange enquiries
Where consent is required before sale in Temple Fortune
Copies of the building insurance and schedule
Deeds of covenant upon sale
Registering of the assignment of the change of lessee after a sale
We have reached the end of our tether in trying to purchase the freehold in Temple Fortune. Can this matter be resolved via the Leasehold Valuation Tribunal?
in cases where there is a absentee landlord or if there is disagreement about the premium for a lease extension, under the Leasehold Reform, Housing and Urban Development Act 1993 you can apply to the LVT to calculate the price payable.
An example of a Lease Extension matter before the tribunal for a Temple Fortune flat is Flat 2 2 Netherfield Road in April 2010. The Tribunale held that premium payable for a 90 year extension to the existing Lease should be £7,705. This case related to 1 flat. The number of years remaining on the existing lease(s) was 76 years.